Invoice templates for FCA-authorised insurance brokers and agents billing clients for insurance arrangement and advisory fees.
An insurance agent or broker invoice is issued by an FCA-authorised insurance intermediary to a client for the arrangement, advisory, or administration of insurance policies. Insurance intermediaries include insurance brokers (who act in the client's interest) and insurance agents (who may act for insurers). Both must be authorised and regulated by the FCA. Following FCA guidance on insurance distribution, intermediaries must clearly disclose their remuneration. This includes commissions received from insurers, broker fees charged to clients, and any other benefits. An invoice from an insurance agent or broker typically covers the broker fee or arrangement fee, while commissions are disclosed separately rather than invoiced. Common insurance lines for which brokers invoice clients include commercial insurance (liability, property, fleet), professional indemnity, directors and officers liability, cyber insurance, and specialist personal lines. The invoice documents the broker's fee for the service and any administration charges for mid-term adjustments or renewals.
| Service | Typical Rate | Unit |
|---|---|---|
| Broker arrangement fee (commercial policy) | 250 | policy |
| Mid-term adjustment administration fee | 50 | adjustment |
| Renewal administration fee | 150 | renewal |
| Claims handling fee (per claim) | 100 | claim |
| Risk survey or risk management report | 500 | report |
| Insurance premium (pass-through to insurer) | 0 | at cost |
Insurance brokers invoicing clients for broker fees should clearly distinguish between the broker fee and the insurance premium. The premium is typically collected and remitted to the insurer; the broker fee is the intermediary's own income. Insurance Premium Tax (IPT) at the standard rate of 12% applies to most general insurance premiums in the UK and should be shown separately on invoices where you are collecting the gross premium. Confirm IPT treatment with your compliance officer for specialist classes. FCA Consumer Duty and insurance distribution regulations require clear disclosure of all remuneration. Include a brief statement on your invoice or covering note about the commission and fees you receive, and refer the client to your disclosure document. For commercial clients with multiple policies, consider issuing a consolidated annual invoice or renewal schedule showing all lines, premiums, and broker fees in one document. This is more efficient for both you and the client's finance team.