Coversure
Are you an insurance professional ready to take control of your career? Whether it’s the pursuit of higher earnings, greater flexibility or to fulfil your ambition of building something for yourself, we make it easier for you to launch and grow a successful insurance brokerage.
Speak to a member of our expert team
Starting your own insurance broking business is an exciting venture, but it comes with its own set of challenges and opportunities. With the FCA’s growing focus on general insurance, there are more regulations and compliance requirements than ever before. At the same time, the evolving broker market opens up new opportunities for brokerages to stand out, attract clients and deliver high-quality, tailored advice.
A well-run brokerage not only offers the potential of a rewarding income to business owners and shareholders, but also has the potential to generate significant value if sold. Given current market valuations, many brokers are starting their businesses with a clear goal: to build a customer-focused and valuable asset they can sell for a commercial profit down the road. With Coversure, you get the support, tools and expertise needed to navigate this evolving landscape and build a profitable and scalable brokerage with lasting value.
Find out more about our network proposition
Setting up a brokerage is hard work and getting more challenging each year. Many insurance entrepreneurs are confident building a book of business, managing clients and dealing with insurers. But when it comes to regulation, accessing the right markets, having the right systems and handling client money – it can feel overwhelming. We help several new brokerages get set up each year, supporting them to grow fantastic businesses.
Jordan Maskell, Network Director
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Your Coversure journey
It’s not uncommon to see experienced account executives go it alone and triple their annual income within two years of opening their own brokerage. Over the past five years, we’ve helped network members achieve seven-figure exits, having built a profitable business and client satisfaction through the Coversure model, using the support and tools we provide.
We recognise the needs of a new insurance brokerage quickly evolve as the business develops and gains more clients. Our Appointed Representative (AR) and independently regulated Franchise routes offer insurance professionals, ready to start or grow their own brokerage, the backing they need to succeed.
Become a Coversure appointed representative (AR)
If you’re just starting out or looking to scale with fewer upfront costs or reduced FCA-regulatory burdens, the Coversure AR route offers an ideal solution. You’ll receive full compliance support while you build and grow your business at your own pace, with the option of transition to full FCA regulation when you’re ready. If you’re already operating as an AR, you can retain your brand identity or rebrand to Coversure if you choose.
Become a fully authorised Coversure franchise
The franchise route allows you to invest more in your business and take on more control when you move from an AR to become fully authorised. Our compliance team will support you with your FCA application for authorisation and will help with your compliance requirements throughout your Coversure journey. As a fully authorised franchise, you’ll adopt the Coversure branding with support from our expert marketing team.
The Coversure advantage
Opening your own business often comes with significant financial and operational difficulties. Opening a Coversure brokerage can substantially reduce your initial costs while providing you with a comprehensive support system. Whether it’s access to markets, client money handling or regulatory guidance, Coversure is committed to helping you thrive in a competitive marketplace whilst giving you the freedom to run your business your way.
Benefit from:
A streamlined onboarding process: With Coversure, you can be up and running quickly with all the necessary support.
Reduced regulatory burden: As a Coversure network member, you benefit from the support of our compliance framework.
Group Professional Indemnity (PI) programme: Our Group PI programme gives you access to competitive rates.
Cost-effective IT solutions: Enjoy access to our advanced technology platforms at a fraction of the cost of an independent set-up.
Comprehensive support: A dedicated Franchise Development Executive will provide you with tailored guidance.
Network community: Join a vibrant network of like-minded professionals, providing you with valuable connections and insights.
The connected broker
Why our members enjoy being part of Coversure:
Access to a strong network of like-minded brokers who offer support and insights.
Ongoing training and resources to help grow your business.
Back-office teams that are always ready to assist you, ensuring you’re never on your own.
At Coversure, we understand that running your own business can sometimes feel isolating. That’s why we’ve built a supportive, collaborative network where every network member feels part of a community. Our support teams and fellow members are here to help, share knowledge and provide the backing you need to succeed.
Find out how we help keep our brokers feeling connected
What stood out for me with Coversure was that it was a business in a box. I could continue doing what I love, delighting clients and have the support of a wider business to look after my risk and compliance and client money and just enable me to do what I want to do.
Dan Hurley, Managing Director at Coversure Ringwood and Coversure Milton Keynes
Beginning your Coversure journey
Once you’ve decided to take the leap, our timely onboarding process will get you set up and ready to trade. During this period, you’ll receive:
Training and coaching from Coversure’s experts in accounts, product and compliance.
Assistance with setting up your insurer agencies and system access.
Bespoke marketing plans built to help you make a fast start and beyond.
Creation of your custom website pages to promote your business.
Ongoing 1-2-1 support from our Network Development team, ensuring you are fully equipped to grow.
