Fee Charging Structure - Insurance Business

Remuneration and Fees

Cregan Kelly O'Brien - Insurances are remunerated by a professional fee for time spent and expertise used in seeking best terms, advice, product and product provider for your specific needs. We are usually remunerated by commission received from a product producer for work involved production of a submission, the placing of an order and the finalising of a product with them on your behalf. An administration fee may also charged for the activity involved in the arrangement or renewal of a policy and also any alterations that take place during the period of or at termination of cover. Commissions and Fees are deemed fully earned when a cover is arranged and any return of premium from insurers will be returned to you net of commissions and charges. The level of remuneration received from product producers can vary between 0% and 25% of the premium paid. It is for this reason that the level of fee charged can vary. Fees are charged to ensure that we can maintain the standards of service to which we aspire.

Standard Scale of Fees

Initial Fees & Renewals

Individual Motor Policies up to a maximum of € 200
House up to a maximum of € 150
Commercial Risks up to a maximum of 25% of the premium and subject to a minimum charge of € 100

The standard fee we charge on the renewal of a House or Motor Car Policy is € 30
The standard fee we charge on the renewal of a Commercial Motor Policy is € 50
The standard fee we charge on the renewal of a Commercial Risks Policy is 10% of the gross premium

Alterations & Cancellations

Individual Motor Policies up to a maximum of € 100
House up to a maximum of € 100
Commercial Risks up to a maximum of € 1000

We will always clearly document to you any fees we charge you for our services

Where any risk or product falls outside our standard fee terms, we will advise you accordingly in advance and an hourly rate may be charged. Our basic hourly rate is €200 for Directors, Managers, Senior Account Handlers and Consultants and €100 for support staff. In determining the rate and any additional charges, factors such as specialist skills, complexity, risk and urgency will be taken into account. You have the option to pay for our services in full by means of an agreed fee which would be greater than the normal fee structure outlined above and in such circumstances no commission would be taken by us from the Insurance Company.

As a Credit Intermediary, the company can arrange loans in the form of insurance premium finance facilities. A charge of up to 3% of the amount of the loan will apply.

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About Cregan Kelly O'Brien


In 2007 Maurice Cregan and Colm Kelly established CK Financial Services to provide independent financial planning and advice to business owners and individuals. Tommy O'Brien, a General Insurance expert, then joined them in 2010, enabling them to meet the full financial needs of their clients. Financial Life & Planning Limited would deliver Financial Services, and O'Brien Cregan Kelly Insurances would deliver Insurance Broking services. Two Business Names were registered Cregan Kelly O'Brien Financial Planning and Cregan Kelly O'Brien Insurances

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