Broker's Accounts

By partnering with Broker Accounts Services Limited, time and costs are reduced and department employment worries are removed, freeing up your time to concentrate on client relationships and business development.

Broker Accounts Services Limited provide service commitments under contract. All work is handled through your system, allowing for appropriate audit trails and security control by YOU.

All regulatory undertakings will be the responsibility of the Broker.

Insurer Reconciliation

• Reconcile insurer accounts on a monthly basis, ready for payment within insurer credit terms
• Investigate queries and bring to the attention of Broker or insurer
• Liaise with Broker and insurers to resolve queries, alleviating delays in payment of insurer accounts
• Return/Cancellation premiums taken when they appear on insurer statements
• Management of insurer instalment commission

Payment Allocation

• Process all monies received into bank account
• Resolve queries due to under/overpayment with account handlers
• Process cheque receipts once cleared with bank
• Allocate 3rd party funding receipts

Credit Control

• Chase client debts via agreed medium
• Investigate queries and resolve with Client/Broker
• Report to Broker at agreed schedule on queries to alleviate bad debt​

Locum Service

• No subscription to our monthly accounts reconciliation package
• A locum service is available at an agreed monthly rate, to assist Brokers with holiday cover, long time sickness and staffing level issues