You may also want to take some legal advice if you have a restricted covenant, after leaving an employer and if you intend to bring a book of business with you.Even if your honest intention is to approach them following 12 months without contact, nevertheless some employers believe that clients belong to them in perpetuity and can make trouble when they cannot possibly win.One rule we will and always stand by is the ownership of clients.
You may also want to take some legal advice if you have a restricted covenant, after leaving an employer and if you intend to bring a book of business with you.
As an Appointed Representative, you become an approved person/company, running regulated activities and acting as an agent exclusively for a Principal company (like TEn Insurance Services or any other insurance network).
The Principal company effectively sub-regulates you and ensures that you comply with FCA rules.
Alternatively, you may have worked for an Insurer/MGA, or, prhaps you have run your own broking business in the past; or some such similar background.
Indeed, we recommend, at the very least, 5 years experience in the industry before you set out on your own, or plan joining a network such as ours. Ideally, you would also have gained some Chartered Insurance Institute (CII) qualifications over the years and, at least, hold a CERT or a DIP; or even an ACII.
So, we can accommodate a whole range of client sizes. A number of ARs use TEn and the AR model as a springboard to direct regulation when they have outgrown a network or have reached a suitable size to employ enough people to do all those things the network does for them.
In many ways, we regard this scenario as excellent marketing and a recommendation of our services.
Since TEn is not a franchise business, you are not committed to targets.
Do as little or as much business as you like, as long as it suits us both (within reason).
Unless moving clients is formally agreed with your former employer, then it should not be attempted.
An absence of 12 months is a short enough time for your clients still to remember you.