To be eligible for an Agency with Advisory Insurance Brokers Limited (AIBL), trading as Towergate Insurance and Footman James, you must have all the FCA permissions to operate as a Fully Authorised Agent (FAA). You must also have a current professional indemnity policy with an appropriate indemnity limit and deductible, and be able to introduce appropriate AIBL products to your clients with a commitment to place with AIBL a total Gross Written Premium (GWP) of not less than £100,000 within 24 months of the Agency start date. In the 1st year you must place not less than £50,000. We will conduct performance reviews to assist you in achieving these goals.
Please download and complete the Agency Application form.
Download the form here.Return your completed Agency application to:
wholesale.team@towergate.co.ukInclude with your agency application:
AIBL will carry out searches & checks in connection with this application
AIBL will carry out the necessary searches with a licensed Credit Reference Agency, and may also ask them to check all or any of the application details you have submitted. You hereby expressly consent to such search or check. Should this application be successful, you agree to adhere to and be bound by AIBL terms and conditions of membership.The insurers we use must approve each and every agent
The Insurers reserve the right to carry out checks on the agents we provide a TOBA to. This will include, but is not restricted to, ensuring that brokers must have FCA permission to hold client money when arranging insurance with an insurer who is not listed on Schedule 3 as cascading risks transfer.Brokers who have FCA permission to hold client money must protect the money it holds and/or controls on behalf of clients. This money, net of the Broker's commission, must be used to pay the premium debited to your account for clients insured through Advisory Insurance Brokers Limited, trading as Towergate Insurance. For Brokers who do not have permission to hold client money, Schedule 3 of your TOBA provides a list of insurance providers who have agreed to treat client monies collected by the Broker as being received by them. This is called Risk Transfer. See the list of these insurance providers.
If you wish to apply to upgrade an existing TOBA to Premier Broker please complete the online Broker Profile form and email this to the Broker Development Team.
See if you qualify as a Premier Broker and wish to work in partnership with Advisory Insurance Brokers Limited, (AIBL) trading as Towergate Insurance. Premier Brokers get access to all of our broker products plus practical support to do more for your clients and more for your business too. Our insurance capacity for certain products is reserved exclusively for Premier Brokers.