Private health cover adviser for individuals

The insurer pays you commission when a client buys a policy and usually again when it renews. The client normally pays nothing extra for your advice.

Commission on each new policy and on renewals. Income builds slowly as your client base grows, so early months can be quiet.

• Explaining complicated products in plain language
• Patient, honest selling
• Careful record keeping
• Building trust with new clients

• Arranging insurance is a regulated activity, so check whether you need FCA authorisation or must be an appointed representative before you take any client
• Check the rules on how advisers must treat customers fairly, including the FCA's Consumer Duty
• Commission may be paid back if a client cancels early, so check the terms
• Professional indemnity insurance and data protection registration are worth checking, as you will hold health details
• Working from home may need permission from your landlord or mortgage lender
• Never give medical advice, and be clear about what policies do not cover

Startup costs are typically estimated at around £500 to £3,000, depending on your set-up. Professional indemnity insurance and data protection registration are worth checking, as you will hold clients' health details.

Monthly revenue is typically estimated at around £300 to £3,000, depending on how many policies you arrange, with at least about 8 hours a week. Commission may be paid back if a client cancels early, so check the terms.

Arranging insurance is a regulated activity, so check whether you need FCA authorisation or must be an appointed representative before taking any client. Also check how advisers must treat customers fairly, including the FCA's Consumer Duty.