Our Remuneration Policy

How are McGivern Insurance Limited remunerated?

McGivern Insurance Limited may be remunerated by a commission receivable from the Product Producer or by a fee payable by our client or a combination of both. Our Scale of Fees are shown within our Terms of Business displayed separately on our web site and details of our commission agreements with Product Producers are outlined in the link set below. McGivern Insurance Limited scale of fees and the commissions shown herein reflect our maximum potential remuneration. However, where in the opinion of McGivern Insurance Limited, the work undertaken by us and the value of the service provided does not warrant a remuneration reflecting any fee or commission maximum, then McGivern Insurance Limited will charge you, our client, a lower fee or accept a lower commission from the Product Provider as the case may be.

The Consumer Protection Code

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to Thompson Insurances and which it has agreed with Product Producers.

What is commission?

For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of both the Product Provider and the Consumer.


The firm may also be remunerated by fee by the product producer such as policy fee, admin fee.

General (Non Life) Insurance Products

General insurance products, such as motor, home, travel, health, retail or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.

In some cases, McGivern Insurance Limited may be a party to a profit-share arrangement with a Product Provider and will earn additional commission but business will always be placed with a Product Provider in a client’s best interests taking all relevant information, demands and needs into account including the price of the product.

Premium Finance

Commission may be earned by McGivern Insurance Limited for arranging credit for consumers through premium finance.


The enclosed commission guidance section gives indicative values and the maximums only that can be accepted by McGivern Insurance Limited, who may in individual circumstances as referred to above accept a lower commission or charge a lower fees. In the event that our services to a client justify a higher level of remuneration then this will be agreed in advance with our client in accordance with our regulatory obligations under the Central Bank Consumer Protection Code regulations,

Other Fees, Administrative Costs/ Non-Monetary Benefits

The firm may also be in receipt of non-monetary benefits such as:

• Attendance at product provider seminars

• Assistance with Advertising/Branding

Remuneration Information