Commission and Fees
NBS Ireland is a Managing General Agent, and acts of behalf of the insurer (provider) in arranging contracts of insurance. We are regulated as an intermediary by the Central Bank of Ireland. We are paid a commission by the insurer, some of which we pay on to retail insurance intermediaries whom you engage to find you appropriate insurance products. The amounts of commission, shown below, is retained by us, along with our fees shown on our policy documents, as we act for the insurer and perform functions that the insurer would otherwise have to do themselves such as:
- Policy administration including document creation and issuance
- Underwriting functions
- Compliance functions
- Complaints and Data Protection administration
- Information systems infrastructure and maintenance
- Premium collection, disbursement and credit control
| Commissions Table – 1 January 2026 | ||||||
| Product Code | Policy Type | Description/Product | New Business/Renewal Fees * | Mid Term Adjustment Fee | Cancellation Fee | Retained Commission** |
| SME | Combined | SME Package | €50 – €500 | Nil | Nil | 13% |
| LIA | Liability | Liability | €50 – €500 | Nil | Nil | 15% |
| CAR | Contractors | Contractors All Risks | €50 – €500 | Nil | Nil | 15% |
| PII | Professional Indemnity | Professional Indemnity | €70 – €500 | Nil | Nil | 14.5% |
| CARE | Combined | Care Home Package | €250 – €500 | Nil | Nil | 13% |
| PO | Property Owners | Property Owners | €100 | Nil | Nil | 12.5% |
| CC | Combined | Commercial Combined | €100 – €500 | Nil | Nil | 12.5% |
*The exact level of fee will vary depending on a number of factors and the level of the fee which applies to your policy will be specific on your Policy Schedule.
* *This amount is influenced by a number of factors and final commission amounts cannot be predicted. The amount shown is an indication only based on recent results.