Is MCM Insurance based in the UK?
Yes. MCM Insurance is based exclusively in the UK.
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Which commercial insurance companies are on the MCM Insurance panel?
MCM Insurance work with many of the major commercial insurance companies in the UK including, AIG, Allianz, Ambient, AXA, Brit, Dual, Flatfish, Groupama, HCC, Hiscox, MMA, Sagicor, Travellers, Royal & Sun Alliance (RSA) and W R Berkley. More details about these companies can be found here.
What happens if MCM Insurance goes bust – am I covered?
All existing MCM Insurance customers will remain on cover with their respective commercial insurance companies. Your insurance premiums are protected by the arrangements that MCM Insurance has in place with all of its commercial insurers, and you may also be covered by the Financial Services Compensation Scheme.
Are you regulated?
MCM Insurance is approved and regulated by the Financial Services Authority. You can check our details on the Financial Services Authority website.
I don’t recognise the name of the insurer.
MCM Insurance only works with insurance companies that are approved and regulated by the Financial Services Authority (FSA). You can find information about all of the insurers we work with in the About us section of the website here or you can check their details on the Financial Services Authority...
How does MCM Insurance get paid?
MCM Insurance is paid a commission for each policy sold and all the commission is earned at point of sale.
How much does MCM Insurance get paid?
This varies by product, but on average MCM Insurance earns a commission of 20% of the premium.
Is 20% a normal commission level?
No. Commission levels can be up to 50% – far higher than the MCM Insurance commission level.
Are the commissions MCM Insurance receive the same from all the insurance companies?
Yes. Commission levels are different for every commercial insurance product we sell, but our commercial insurance companies pay MCM Insurance the same commission rate for each. This ensures that commission is not a factor in determining the commercial insurance policies that we quote you for.
Can I contact the insurers direct?
The MCM Insurance Customer Service team will be able to handle any enquiries you have about your quotes and policies as well as the facilities available through the website. In the event of a claim you will be dealing with the commercial insurance company direct as this will achieve the...