Commission and Costs

Why does my landlord receive an insurance commission?

Penult Capital Partners Limited, your landlord’s regulated insurance department, carries out a substantial range of work in connection with the insurance programme. This includes invoicing and premium collection, appointment and management of brokers and insurers, claims co-ordination, tendering, management of reinstatement cost assessments, distribution of FCA-mandated leaseholder disclosures, and regulatory compliance. The commission paid by insurers reflects this work. It does not inherently increase the cost of insurance — if Penult did not carry out this work, it would have to be done by the insurer or broker at cost. Our commission level is among the lowest in the sector.