Home-Based insurance adviser under a broker network

Individuals, landlords, self-employed people and small businesses. The insurers pay you commission, and some clients pay an arrangement fee.

Commission on each policy sold and renewed, often shared with the network, plus any fees you charge. Income builds slowly as renewals stack up each year.

• Explaining cover in plain English
• Building trust and local contacts
• Careful, organised paperwork
• Selling without pressure

• Arranging insurance is a regulated activity, so you will almost certainly need FCA authorisation or to be an appointed representative of a firm that has it. Check with the FCA before you sell anything
• Network fees, commission splits and who owns the client list vary, so read the contract carefully
• Professional indemnity cover is usually needed, and some networks include it. Check what is covered
• Data protection (UK GDPR) rules apply to client details, and you may need to register with the ICO
• Income can be slow at first because renewals take time to build up

Estimates suggest startup costs are typically around £1,000 to £5,000, depending on network fees, professional indemnity cover and your systems. Read the network contract carefully, as fees and commission splits vary.

Monthly revenue is typically around £800 to £4,000 as an estimate, depending on your client base and commission split. Income can be slow at first because renewals take time to build up.

Arranging insurance is a regulated activity, so check with the FCA before selling anything, as you will almost certainly need FCA authorisation or to be an appointed representative. Also check professional indemnity cover and UK GDPR and ICO registration.