Bewica is a general insurance intermediary. That means we are not an insurer but introduce contracts of insurance to companies such as yourself. When we sell you a policy the insurer pays us a percentage commission from the total premium. If the type of policy we sell reaches specific profit targets the insurer also pays us an additional bonus.
Bewica is authorised by the Financial Conduct Authority (www.fca.org.uk) and also covered by the Financial Services Compensation Scheme (FSCS).
Bewica is also an approved Lloyd’s (www.lloyds.com) coverholder. As a Lloyd’s coverholder, Bewica participates in a contract known as a binding authority. This appoints Bewica to underwrite on behalf of, and bind the risk capital of the Lloyd’s syndicates and markets that are signatories to the binding authority. The list of capital providers is attached to every Bewica policy. We do not have any voting rights in any of the insurers we work with.
Bewica is not authorised to provide advice but we will give you information to make an informed decision.