Terms & Conditions
About Us
QMT Commercial is a trading style of Quotemetoday.co.uk.Ltd of 2nd Floor, 5-10 Sparrow Way, Lakesview International Business Park, Hersden, Canterbury, Kent, CT3 4JH – authorised and regulated by the Financial Conduct Authority (FCA) under Firm Reference No. 786619. Details of our registration are available on the FCA’s website www.fca.gov.uk/register or by calling 0800 111 6768. We are also authorised by the FCA for consumer credit broking. We act for one lender only, PremFina Limited.
Our Services
Our service includes:
- Advising you on your insurance needs
- Arranging your insurance cover with insurers to meet your requirements
The service we will provide you with: We will advise and make a recommendation for you based on your demands and needs. Our advice will be confirmed in a demands & needs statement, giving the reasons for our recommendation. In some circumstances we provide information only and do not therefore make any personal recommendation.
Whose Products We Offer
We offer advice from a range of insurance products, representing a fair analysis of the market, however under certain circumstances we may only deal with a limited panel or a single insurer. We will confirm for each individual policy arranged, the basis for our advice.
Our additional policy options, for example legal expenses, tend to be offered on a sole supplier basis and you will not receive advice or a recommendation from us in taking out this cover. You will need to make your own choice about whether to proceed.
Contact
Our opening hours are Monday to Friday, 9am till 5.30pm. We are contactable via telephone on 01227 285 540 or via email at admin@quotemetoday.co.uk.
Important Information
Commercial customers: Where we arrange insurance wholly or mainly for purposes related to your trade, business or profession, you have a duty under The Insurance Act 2015 to make a fair presentation of the risk. This means that you must disclose every material circumstance which you and/or your senior management and/or anyone responsible for arranging your insurance knows or ought to know. Alternatively, you must disclose sufficient information which would put the insurer on notice that it needs to make further enquiries for the purpose of revealing those material circumstances. You are expected to carry out a reasonable search in order to make a fair representation of the risk and will be deemed to know what should reasonably have been revealed by the search. Your duty of fair representation applies at the start of the policy, at renewal and when any variation of the policy is arranged. If you fail to make a fair representation, the insurer may refuse to pay your claim or reduce the settlement amount, depending on the circumstances.
Retail customers (consumers): You must take reasonable care not to make a misrepresentation to the insurer. This means that all the answers you give and statements you make as part of your insurance application, including at renewal and when an amendment to your policy is required, should be honest and accurate. If you deliberately or carelessly misinform the insurers, this could mean that part of or all of a claim may not be paid or your policy may be cancelled. You must notify us as soon as possible of any changes to the information you have provided.
Fees & Charges
Please refer to the table below for details of fees which we charge for mid-term adjustments, renewal, cancellation or voidance of the policy to cover our administrative costs. These are in addition to any charges made by the insurer. Any adjustment fees that are incurred within the 60 days before renewal, must be paid for in full at the time of the requested change.
| Category | Premium (if Applicable to Fee Amount) | Fee |
| Policy Arrangement Fee that applies to all New Business and Renewals. | £35.00 | |
| Broking fee payable on certain policies at New Business and Renewal. This will be disclosed prior to you committing to cover. GWP: Gross Written Premium Note: This fee structure does not apply to premiums in excess of £100000. These cases will be subject to separate and mutual agreement between QMT and the customer and will be documented accordingly including rationale in respect of the agreed fee. | £1-2499 £2500-4999 £5000-9999 £10000-19999 £20000-29999 £30000-39999 £40000-49999 £50000-59999 £60000-69999 £70000-79999 £80000-89999 £90000-99999 | £125 up to 10% of GWP excl. IPT £250 up to 10% of GWP excl. IPT £500 up to 10% of GWP excl. IPT £1000 up to 10% of GWP excl. IPT £2000 up to 10% of GWP excl. IPT £3000 up to 10% of GWP excl. IPT £4000 up to 10% of GWP excl. IPT £5000 up to 10% of GWP excl. IPT £6000 up to 10% of GWP excl. IPT £7000 up to 10% of GWP excl. IPT £8000 up to 10% of GWP excl. IPT £9000 up to 10% of GWP excl. IPT |
| Broking fee payable on net-rated products at New Business and Renewal. This will be disclosed prior to you committing to cover. GWP: Gross Written Premium Note: The above fee structure does not apply to premiums in excess of £100000. These cases will be subject to separate and mutual agreement between QMT and the customer and will be documented accordingly including rationale in respect of the agreed fee. | For net-rated products, the maximum fee is 20% of the net premium. | |
| Cancellation fee, also applicable when a policy has been set up but is cancelled before inception. | £35.00 | |
| Alterations and/or additions including a change of address. | Up to £50.00 | |
| Direct Debit Default and Interest charges. | Refer to your Finance agreement. |
We usually receive a commission from the insurer with whom we place your business. If you cancel your policy after the ‘cooling off’ period or where you request a mid-term adjustment which results in a refund of premium, we reserve the right to charge you for our time and costs. This will usually result in us reducing the amount refunded to you by the FULL amount of the commission we would have received had you not cancelled.
We also receive a commission for arranging finance agreements for the payment of premiums and we may also receive a commission or fees for passing introductions to other professionals. You are entitled at any time to request information regarding any commissions which we may have received as a result of placing your insurance or arranging premium finance business.
Minimum & Deposit Premiums (M&D)
Your insurance policy may be subject to a Minimum & Deposit premium. In this case, there is no refund in the event of cancellation and you will be liable for 100% of the premium even if you are paying by instalments. You will be notified from the outset if your policy is subject to this condition. If you are unsure whether your policy is subject to a Minimum & Deposit premium, please contact us.
Finance & Direct Debit Arrangements
As a licensed Credit Broker we may offer you the option to pay for your policy by Direct Debit and we use third party funding arrangements from PremFina Limited from whom we receive a commission. To use this option, you must be over 18 and hold a bank or building society account which supports Direct Debits. If you take up this option you will receive a Credit Agreement, containing full terms and conditions including your collection dates, directly from PremFina Limited. This pack may include an agreement for you to sign and return, either hard copy by post or electronically by email. Please ensure that you fully understand the repayment plan and that you can afford to make the repayments. They may begin collecting your Direct Debits before you return your signed agreement. If you pay your premium by instalments, we shall inform you of any additional fees, charges or interest as part of your credit terms. If you have any questions about your instalments, need to change your bank details or have any concerns about your Direct Debits failing please call PremFina Limited on 0330 165 9367 at your earliest convenience, which will be charged at the national rate.
Important: In the event of cancellation, the refund of premium may not be enough to repay any outstanding credit balance. Similarly, if you have made a claim under the policy, in the event of cancellation, there may be no refund of premium available to repay any outstanding credit balance. In both circumstances you remain fully liable for the outstanding credit balance.
How to Make a Claim
Please call 01227 285 540 selecting option 2 and our claims handling service will be happy to help you.
Protecting Your Money
The premium you pay is protected at all times as required by the FCA regulations. The premiums we collect on behalf of the Insurers is treated as paid to the Insurer and is put into a separate statutory trust insurer bank account. We may need to pay premiums to a specialist broker who will always also be authorised and regulated by the FCA. We reserve the right to interest earned on monies held in this account.
Compensation Arrangements
You may be covered by the Financial Services Compensation Scheme (FSCS) if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Insurance advising and arranging is covered for 90% of the claim, without any upper limit. For compulsory classes of insurance, insurance advising and arranging is covered for 100% of the claim, also without any upper limit. This scheme does not apply to consumer credit. Further information about the scheme is available from the FSCS on 0800 678 1100 or by visiting their website at www.fscs.org.uk.
Complaints
If you have a reason to make a complaint about our service, you can contact us by telephone on 01227 285 540 or email us at complaints@quotemetoday.co.uk. You may be entitled to refer the matter subsequently to the Financial Ombudsman Service (FOS). You can contact the FOS by telephone on 0800 023 4567. Further information is available at www.financial-ombudsman.org.uk. If you do decide to refer any matter to the FOS, your legal rights will not be affected.
Cancellation
Should you wish to exercise your statutory right to cancel your policy, we reserve the right to charge a minimum administration fee of £35.00 to cover our cost of setting up the policy in addition to any Insurer charge. This also applies when a policy has been set up but is cancelled before inception.
If there is an outstanding balance due at cancellation the balance must be paid without undue delay and in any event within 30 days.
Dependent on your Insurer, we can accept a cancellation instruction over the telephone. If this is not acceptable to your Insurer, we will inform you and you must then send a notification of cancellation in writing to us either by post to our Administration Department at the address above or by email to our inbox at admin@quotemetoday.co.uk.
Please note that if you are entitled to a refund, this can take 6-8 weeks and will not be processed until we receive all relevant documentation.
A 14-day cooling off period does not apply to some Commercial products. Please refer to your policy booklet for information on short period cancellation refunds.
Please be aware that cancelling your Direct Debit does not cancel your policy.
We or the Insurer may cancel the policy by sending you at least 7 days written notice to your last known address.
If your policy is voided, it will be declared null and void from the policy start date and will cease to exist. Therefore, you will not be insured, and you may incur additional administration charges.
Add-Ons
Some Add-on products, or added value services, which are separate from your main insurance policy, are non-refundable if cancelled after 14 days and you will liable for the full premium. You should refer to your policy documents for full details.
Debt Collection
Any unpaid debt generated by the cancellation of the policy, may be passed to a third-party debt collection agency. This may incur additional charges for which you will be liable.
Data Protection
The information you have given will be held securely in accordance with the General Data Protection Regulation (GDPR) and any applicable legislation and is used to arrange a quotation, administer your insurance, marketing, research and statistical analysis. For this purpose, we and/or the insurer may disclose it to other interested third parties, for example other insurers, regulatory authorities and to agents who provide services on their behalf, including for monitoring and/or enforcing compliance with any regulatory rules/codes. We, our partners and/or the insurer may check information provided or received and may undertake additional fraud searches or credit checks, which will impact your credit score. You have the right to access your personal data held by contacting our Compliance Team at the address above. You may be required to provide Proof of Trading such as invoices/receipts, which may contain the personal details of your clients. You must make your clients aware of this. We accept no liability for your non-compliance of GDPR and any applicable data protection legislation.
To provide an enhanced customer service, your calls may be recorded and monitored for quality assurance and compliance purposes. Documents are filed electronically and a copy is available on request. This may be subject to a charge if deemed excessive.
Documents
We will email documentation to you wherever possible. It is your responsibility to inform us if you have not received your documentation. Please ensure you notify us if you change your email address, to help us keep your information safe. For more details please see our privacy policy on our website www.quotemetoday.co.uk.
Fraud Prevention
We take a number of steps to help insurers fight against fraud. These vary according to the individual insurer requirements but may include asking you to provide a copy of the front and back of your, and all named drivers, driving licence cards and your online DVLA licence summary, a copy of the vehicle registration document (V5), proof of trading (for commercial customers) or a utility bill to confirm your identity. Failure to provide any documents requested within the time limit advised, will result in your policy being cancelled and cancellation charges being incurred. Documents can be scanned and emailed to admin@quotemetoday.co.uk or posted to the address above.
Termination
You or we may terminate authority to act in connection with your insurance arrangements at any time. Notice of termination must be given in writing and will be without prejudice to the completion of any transactions already commenced. Any business currently in progress will be completed unless we receive instructions to the contrary. Any premiums or fees outstanding will become payable immediately. In circumstances where we feel we cannot continue providing services to you, we will give you a minimum of 7 days’ notice.
