Schedule Of Fees

Schedule of Fees & Charges

Administration Charges

Our brokerage fees in relation to Initial placement, Renewal or Alteration of policies are listed below

The firm will charge you a fixed fee or a percentage of the insurance premium for the following services provided

Product Minimum Fee Maximum Fee
Private Motor €40 Up to €250
Commercial Motor &Van €40 Up to  €250
Home Insurance €40 Up To €250
Commercial Insurance 5% of the premium Up to 30% of the premium
Afterschool Liability Scheme Teachsave& Other Personal products €35

Mid Term Alterations/Cancellations/Duplicate documentation– Up to €50

Advice without placement of contract is chargeable on a time distribution basis:-

Director – €190 per hour

Account Executives/ Consultants – €125 per hour

It is the policy of OMI to disclose actual fees charged on our documentation. Where as a result of a cancellation or an alteration a credit is returned from an Insurer, we will return this credit to you promptly. Where we arrange Insurance Premium Finance on your behalf a handling fee / administration charge of up to 1% of the value of the loan will apply.

 

May 2018