Our Flexible Commission Structure
Our flexible commission structure allows you to choose how and when you want to be paid. You now have more choice about how and when your earn your commission. You can choose to receive one or two years' paid upfront, or a monthly payment - it's entirely up to you.
Choose from:
- Double Indemnity - that's 50% upfront*
- Annual Indemnity
- Initial Indemnity
- Monthly Accrual
*Based on current typical commission rate of 27.5%
A Fairer Clawback Structure
This commission flexibility applies to all our products and with our fair, straight-line clawback structure, you won't lose the commission you've already earned, even if the policy is cancelled within the first 12 months of its start date.
Paymentshield Clawback Example - Based on a 2 year Commission Structure
If a policy is cancelled within 24 months of the anniversary date, we will clawback on a straight-line basis, 1/24 of any indemnity commission we have paid for each month we have not received or cleared the appropriate premium.
Help boost your income upfront with double Indemnity
With Double Indemnity you can earn more up front and you won't lose commission you've already earned, even if your customer doesn't hold the policy for a full year.
Plus, if you choose Double Indemnity, after the two years are up, it will automatically convert to Annual Indemnity at a rate of up to 27.5%.
To find out the commission rate you will be eligible to receive from month 25 onwards, please contact our Intermediary Sales Team on:
T: 08450 615 700
E: ist@paymentshield.co.uk
Lines are open 9am - 5.15pm, Monday to Friday
What to do next
Appointed Representatives: Please consult with your Principal's Head Office. If they have agreed that you can opt for Double Indemnity commission, you can register your request with them to start receiving it.
Directly Authorised: If you are interested in changing your commission structure please login.
Don't have an Agency?
In order to benefit from our flexible commission options you must first become a registered individual with Paymentshield.
This page is intended solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority.