Scale of fees

SCHEDULE OF FEES & CHARGES – EFFECTIVE 20/03/2026

Our firm charges professional service fees for the initial work, activity and time spent in the seeking and arrangement of the best terms, advice, product and product provider for your specific needs.  A professional service fee is also charged for the activities involved with servicing the renewal of the policy and any alterations made throughout the life of and at termination of a policy.  Our Schedule of Fees and Charges noted below is available on our website www.travers.ie and on display in our public office.

We reserve the right to amend these fees should the complexity of the product require a higher fee. We will confirm and agree any higher fee with you prior to any increased charge being applied.  Where it is not possible to provide the exact amount, we will provide the method of calculation of the fee. All fees and charges will be disclosed on our quotation, renewal and invoice documentation If you choose to pay your policy by direct debit/instalments, a service charge and/or administration fee may apply.  Some product providers may collect our professional service fees on our behalf under their direct debit plans.  Any product provider/third party fees and charges that apply in connection with your policy will be included in the total amount charged, will be non-refundable and disclosed in product provider/third party documentation issued to you.

In some cases, we may agree to work for a specific fee and not collect commission.  Where you choose to pay for our services by means of a fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from the fees outlined.

• Directors / Senior Managers €250 per hour
• Account Executives €200 per hour
• Support / Administration Staff €150 per hour

A fee of €25 may be charged for driving experience letters and other duplicate documentation requested by for both existing and past clients. Any bank fees charged on unpaid cheques together with currency transfer differences/shortfalls will be charged back to you and are payable in full together with any other outstanding balances.  We will, if necessary, exercise our legal rights to receive any payment of fees due from clients.

We may also earn our remuneration from product providers on the basis of fee, commission and any other type of remuneration, including a non-monetary benefit or on the basis of a combination of these methods.  A non-monetary benefit will only be accepted if it enhances the quality of the service to you.  In some cases, we may be granted authority from a product provider to conduct tasks on their behalf, for which we will be remunerated. Where we place your business with a product provider under this authority you will be notified in advance of the placement.

Where premium finance and direct debits agreements are arranged for you, we may earn additional commission of up to 5% of the financed amount or annual premium.  We have partnership arrangements with some product providers that enable us to offer preferential rates for some classes of business.  Where an override commission is received, this will be disclosed to you in general terms.  Some product providers do not pay a commission.

Clawback

If we receive commission from a product provider and off-set the commission against the fee which we would otherwise have charged you but the commission is subsequently clawed-back by the provider because of the transferring of the assets or business to another provider or in any circumstances consequent on your actions or omissions, we will charge a fee to you that is equal to 100% of the clawed-back commission. That fee will be owing in simple contract upon the claw-back of the commission. 

Pursuant to Regulation 68 of the Consumer Protection Code, a summary of the details of all arrangements for any fee, commission other reward or remuneration paid or provided to us which have been agreed with product providers is available in our office or on our website at www.travers.ie.  We are committed to ensuring that remuneration does not impair our duty to act in your best interests and to offer the most suitable product to meet your needs and requirements.

Travers & Co. Insurances Ltd. trading as Travers Insurances is regulated by the Central Bank of Ireland.