Commission under attack.
Brokers' commission is again under the spotlight, as Zurich becomes the latest insurer to cut back o...
Brokers' commission is again under the spotlight, as Zurich becomesthe latest insurer to cut back on commercial lines rates.
Zurich has written to brokers informing them of its intention to cut
commission rates on employers' liability and small business products from
1 April.
David Smith, distribution and marketing manager at Zurich, said: "The
employer's liability rates will go down from 10% to 7.5% for
everybody.
The small business policies are going down from 17.5% to 15% for our
non-partner
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