Products and Services
Products and services identified herein may not be available in all jurisdictions. The information and descriptions contained herein (a) are not necessarily intended to be complete descriptions of all applicable terms, conditions, and exclusions of the policies described, (b) are not necessarily intended to be complete descriptions of all applicable terms and conditions the services described, (c) are provided solely for general informational purposes, and (d) should not be viewed as a substitute for legal or other professional advice on any particular issue, for any particular reason, or on any particular subject matter. The advice of a professional should always be obtained before purchasing any insurance product or service, and you should not rely on the information provided herein for the prevention or mitigation of risks or as a full and complete explanation of coverage under any insurance policy or as a full and complete explanation of terms and conditions of any services offered. While the information contained herein has been compiled from sources reasonably believed to be reliable, no warranty, guarantee, or representation, either expressed or implied, is made as to the correctness or sufficiency of any representation contained herein.
U.S. Producer Compensation Disclosure
Commissions and Fees:
We receive commissions which are usually a percentage of the insurance premium charged by an insurer for our services. We may also receive fees in lieu of or in addition to the commissions. The compensation paid to individuals who place and service insurance coverage varies based on the commissions we receive.
From time to time, we enter into contingent commissions arrangements with insurers. These arrangements set forth criteria we must satisfy to receive additional compensation from insurers. Contingent commissions are typically measured annually and may be based on factors such as the growth of business, retention of existing insurance policies, and attaining certain loss or claims results. The amount of contingent commissions may also be based on the size and profitability of a group of accounts rather than an individual insurance policy. Therefore, the individuals who place and service insurance do not usually receive compensation directly for the contingent income received by us. You may request information about the nature and source of the contingent compensation we expect to receive.
Recently, some insurers have replaced contingent commissions with supplemental commissions. Supplemental commissions are usually a fixed amount that is determined at the beginning of the year based on historical performance. The amount of supplemental commission is based on past performance measured by criteria comparable to the criteria used to calculate contingent commissions.
We may temporarily hold insurance premiums or return premiums in a fiduciary account and receive investment income on such funds.
We own wholesale insurance brokerages which are intermediaries between other brokers (usually retail brokers) and insurance companies. Retail brokers have direct relationships with their clients and place coverage through the wholesale broker with the insurer. If an Acrisure retail broker places policies through an Acrisure-owned wholesale broker, both the retail broker and the wholesale broker will receive commissions. This does not generally impact a client’s premium payments. Regardless of whether a wholesale broker is owned by us or not, a wholesale broker may be included in a transaction because it offers products that are not available through normal retail brokerage channels.
We may receive compensation or other benefits for participation in insurance companies’ promotional events and employee training and development. We may also receive fees for the administration of premium finance contracts and fees paid to us for policy and/or claims administration and/or loss control services that we provide.
In order to provide the best service and value for our customers, we have developed strategic relationships with many of the most reputable insurance companies (“Strategic Carriers”) for certain products, services and lines of business. While we have access to services and products of many other insurers, and continue to use those relationships, we believe and have determined that the Strategic Carrier meets many of our clients’ insurance needs. The Strategic Carriers may pay us higher compensation which we may use for purposes of consolidating the number of insurance markets we deal with and to better address our clients’ needs by prioritizing, examining, accessing, and creating efficiencies for the products and services offered by the Strategic Carriers.
We strive to provide suitable coverage at a competitive price for our customers through data analytics. We gather and analyze data pertaining to our clients and their insurance coverage to develop tools that help us get a better understanding of the current marketplace, predict future trends and offer solutions that are most suitable to our clients’ needs. We may also receive fees for providing this data to insurance companies.
California Producer License
California Insurance Producer License Disclosure
The Acrisure insurance producer entities identified herein provide the following disclosure pursuant to Section 1726 of the California Insurance Code. The information disclosed herein is current as of the date indicated and is subject to change.
Disclosure and Agreement to Conduct Electronic Transactions
This Disclosure and Agreement to Conduct Electronic Transactions ("Agreement") describes how Acrisure, LLC and its affiliates (together with its affiliates, "Acrisure," "we," "us" or "our") delivers communications to you electronically. Please read this Agreement carefully and print or retain an electronic copy of it for your records.
1. Consent to Receive Electronic Communications. You hereby agree, on behalf of yourself and all those covered by any Contract (including any Policy) provided by or through Acrisure, that:
(a) We may provide you with any Communication in electronic format;
(b) We may discontinue sending paper Communications to you (including, but not limited to, paper Communications required to be sent via U.S. mail), unless and until your consent is withdrawn by you as described below or at our option upon notification by us to you; and
(c) We may authorize a third party to deliver certain Communications to you on our behalf and perform other services to help facilitate the delivery of Communications to you.
(a) "Communication(s)" mean(s) all the information that we are required to provide to you by law, or as reasonably necessary to administer your Contract, including, without limitation, any online enrollment or application, declarations page, Policy, certificate, terms and conditions, responses to claims, transaction history, privacy policies, periodic billing statements, amendments, services, notices and disclosures about changes in the terms of your Contract.
(b)"Contract" means a Policy/certificate or any other product or service requested by you and provided by or through us.
(c)"Policy" means a written contract of insurance, written agreement effecting insurance or the certificate thereof, and includes all clauses, riders or endorsements and declarations pages.
3. Method of Providing Communications. All Communications that we provide to you in electronic form will be provided by one or more of the following methods (to the extent permissible by law): (a) via e-mail; (b) by access to a secure website that we will generally designate in advance for such purpose; or (c) via text message or mobile message service. With respect to text message and mobile messaging service communications, your carrier may charge you a fee for receiving the message. We will provide a particular Communication via paper or other written copy if required by law to do so.
4.How to Withdraw Consent. You may withdraw your consent to receive Communications that we provide to you in electronic form by calling us, or texting "STOP", at (855) 733-3887, e-mailing us at [email protected] for personal lines insurance products, or writing to us at Acrisure, LLC, 100 Ottawa Ave SW, Grand Rapids, MI 49503, Attention: Law Department. I further understand that I can revoke my consent at any time by texting "STOP" to (833) 538-2026. For personal lines insurance products, you may also write to us at QuickInsured.com, LLC, 500 S. Front Street, #840, Columbus, OH 43215. At our option, we may treat your provision of an invalid e-mail address, or the subsequent malfunction of a previously valid e-mail address, as a withdrawal of your consent to receive electronic Communications. We will not impose any fee to process the withdrawal of your consent to receive electronic Communications. Any withdrawal of your consent to receive electronic Communications will be effective only after we have a reasonable period to process your withdrawal. Termination of your consent to conduct business electronically shall not affect the legal enforceability of any Contract provided to you.
5. How to Update Your Information.It is your responsibility to provide us with a true, accurate and complete e-mail address, and contact and other information related to this Agreement and your Contract, and to maintain and update promptly any changes in this information. You understand and agree that if we send you an electronic Communication but you do not receive it because your primary email address on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic Communications, we will be deemed to have provided the Communication to you.
You can update your information by calling us at (855) 733-3887, e-mailing us at [email protected] for personal lines insurance products, or writing to us at Acrisure, LLC, 100 Ottawa Avenue SW, Grand Rapids, MI 49503, Attention: Law Department. For personal lines insurance products, you may also write to us at QuickInsured.com, LLC, 500 S. Front Street, #840, Columbus, OH 43215. Please do not send confidential information to us via traditional e-mail, as we cannot guarantee that the transmission will be secure.
6. Hardware and Software Requirements. In order to access, view and retain electronic Communications from us, you must have:
(a) An up-to-date Internet browser to access your Communications;
(b) Local, electronic storage capacity to retain our Communications and/or a printer to print them;
(c) A valid e-mail account and software to access it;
(d) An up-to-date device or devices (e.g., computer, smartphone or tablet) suitable for connecting to the Internet;
(e) Added the domains @acrisure.com and @quickinsured.com to your e-mail account's list of safe senders; and
(f) Software that enables you to view files in Portable Document Format ("PDF"). You may be able to download the most recent version of Adobe Reader by clicking here. If you cannot download the most recent version of Adobe Reader, please call your device manufacturer to find out how to download software that is functionally equivalent.
We will notify you if there are any material changes to the hardware or software needed to receive electronic Communications from us. By giving your consent you are confirming that you have access to the necessary equipment and are able to receive, open, and print or download a copy of any Communications for your records.
7. Receiving Paper Copies. When you consent to receive Communications electronically, you should not expect to receive a paper copy of any Communication, unless (a) you request it, (b) a paper or other written copy is required by law or (c) we otherwise deem it appropriate to do so. You can obtain a paper copy of an electronic Communication by printing it yourself or by requesting that we mail you a paper copy, provided that such request is made within a reasonable time after we first provided the electronic Communication to you. To request a paper copy, you may do so by calling us (855) 733-3887, e-mailing us at [email protected] for personal lines insurance products, or writing to us at Acrisure, LLC, 100 Ottawa Avenue SW, Grand Rapids, MI 49503, Attention: Law Department. For personal lines insurance products, you may also write to us at QuickInsured.com, LLC, 500 S. Front Street, #840, Columbus, OH 43215. We may charge you a reasonable service fee for a paper copy, notice of which we will provide you.
8.Your Agreement and Consent. YOU AGREE THAT: (A) YOU HAVE READ, UNDERSTAND AND AGREE TO BE LEGALLY BOUND BY THE TERMS AND CONDITIONS DESCRIBED IN THIS AGREEMENT, AND CONSENT TO RECEIVE ALL COMMUNICATIONS ELECTRONICALLY ACCORDING TO THE PROCESS DESCRIBED ABOVE; (B) YOUR ELECTRONIC SIGNATURE ("E-SIGNATURE") IS THE LEGAL EQUIVALENT OF YOUR MANUAL SIGNATURE ON THIS AGREEMENTAND ALL OTHER CONTRACTS AND OTHER DOCUMENTS REQUIRING YOUR SIGNATURE, AND NO CERTIFICATION AUTHORITY OR OTHER THIRD PARTY VERIFICATION IS NECESSARY TO VALIDATE YOUR E-SIGNATURE; (C) YOU ARE ABLE TO ACCESS AND READ THIS AGREEMENTAND OTHER COMMUNICATIONS ELECTRONICALLY; (D) YOU ARE ABLE TO RECEIVE AND READ E-MAIL MESSAGES SENT TO YOUR E-MAIL ADDRESS OF RECORD; (E) YOU ARE ABLE TO PRINT OR OTHERWISE KEEP THIS AGREEMENTAND OTHER ELECTRONIC COMMUNICATIONS FOR YOUR OWN RECORDS; (F) YOU ARE PROVIDING YOUR CONSENT TO RECEIVE ELECTRONIC COMMUNICATIONS FROM US UNDER THE ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT AND ANY APPLICABLE STATE LAW, AND INTEND FOR SUCH LAW(S) TO APPLY TO YOUR TRANSACTIONS AND COMMUNICATIONS WITH US; AND (G) YOU CONSENT TO RECEIVE ALL COMMUNICATIONS FROM US ELECTRONICALLY DURING THE COURSE OF YOUR RELATIONSHIP WITH US, UNLESS AND UNTIL YOU WITHDRAW YOUR CONSENT IN THE MANNER DESCRIBED HEREIN.
Last updated: 12/22/2022
Acrisure International Holdings Limited – UK Tax Strategy
Acrisure International Holdings Limited - TAX STRATEGY
This tax strategy is published by Acrisure International Holdings Limited (AIH) under paragraph 19(2) Schedule 19 of the Finance Act 2016, in respect of the period ending 31 December 2021. The strategy applies to AIH and all of its UK-based subsidiaries.
Approval of Strategy
The tax strategy has been approved by the Board of Directors of AIH and is in line with the overall strategy and operation of the business.
Management of UK tax risks
Overall accountability for the tax strategy ultimately sits with AIH’s Chief Financial Officer, who reports directly to the Board of Directors.
Day-to-day responsibility is delegated to the finance function as appropriate, with reference to external advisers where required.
Tax risks are escalated to the Board of Directors as part of AIH’s Chief Financial Officer’s function.
The business has a low appetite for tax risk and is committed to full compliance with all statutory obligations and full disclosure to tax authorities. We aim to file all our tax returns on or before the due date and pay all our tax liabilities on time.
Attitude to UK tax planning
The business will not engage in tax planning other than that which supports genuine commercial activity and will fully disclose the facts and any legal uncertainty of relevant transactions.
Our objective is to minimise all tax risk and fully comply with our legal obligations.
We actively identify, assess and manage tax risks and seek advice from external tax advisers where appropriate.
Working with HMRC
We seek to maintain an open positive relationship with HMRC.