Scale of Fees & Charges – Health Insurance
Change to Scale of Fees and Charges – 01/01/2024
McCarthy Insurance Group’s scale of fees & charges varies according to the category of insurance product that you purchase from us or seek advice on.
| Product | Maximum Fee: | Subject to a Minimum Fee of: |
| Private Motor, Household and other Personal Insurance products | 30% of the Premium |
€60 * A reduced min. fee of €55 will apply where all correspondence is issued by MIG via electronic means only. |
| Small Commercial Motor (Up to 3.5 Tonne GVW) | 30% of the Premium |
€60 * A reduced min. fee of €55 will apply where all correspondence is issued by MIG via electronic means only. |
| Commercial Insurance | 30% of the Premium | 7.5% of the Premium |
| Health Insurance | €50 or as agreed with the client | No Fee |
We reserve the right to amend these fees should the complexity of the product require a higher fee. Any increased fee will be notified to you at least 30 days in advance of the due date. Fees may be waived by McCarthy Insurance Group in certain circumstances.
Alternative Fee Structure
Subject to prior agreement with the client, we may charge our fees based on an hourly rate of our executives’ time rather than by reference to the underlying premium. The current rates are as follows:
- Directors, Managers, Senior Account Executives: €300.00 per hour
- Account Executives, Support Staff: €150.00 per hour