Insurance Agency Employment Contract Generator
Generate a professional insurance agency employment contract covering job duties, compensation packages, benefits, termination provisions, and restrictive covenants.
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Prepared for
Bridgeway Insurance Group
Parties and Contract Type
Bridgeway Insurance Group, an insurance intermediary authorised to arrange and administer personal and commercial insurance policies, enters into this Employment Contract with the Employee named in Schedule 1. The agency provides broking, advisory, and claims support services across general insurance lines, employing account handlers, brokers, underwriting support staff, and compliance officers.
Employment begins on a permanent basis from the Start Date and is governed by the employment legislation of the applicable jurisdiction. This contract supersedes all previous agreements. The agency operates under regulatory authorisation from the relevant financial services authority, and the Employee acknowledges that compliance with those regulatory obligations forms a fundamental condition of employment.
Insurance work requires handling sensitive client financial data, maintaining professional qualifications, and adhering to conduct of business rules set by the applicable regulator. The Employee accepts that ongoing professional development, including obtaining and maintaining required industry certifications, is both expected and supported by the Employer as part of the role.
Term, Probation, and Probation Review
A three-month probationary period applies. The Employer evaluates the Employee's understanding of insurance products across the agency's lines of business, their ability to handle client enquiries and renewal processes accurately, compliance awareness regarding treating customers fairly obligations, and proficiency with the agency's broking and policy administration systems.
Either party may terminate during probation with statutory notice. A review at the six-week mark assesses product knowledge development, accuracy of documentation and client file maintenance, communication with insurers and underwriters, and progress toward any required professional qualifications.
Permanent status is confirmed following satisfactory probation. Extension of up to three months may be applied where the Employee needs additional time to complete regulatory examinations or build sufficient experience across the agency's full product range.
Duties, Role, and Exclusivity
The Employee arranges insurance cover, manages client accounts, processes renewals and mid-term adjustments, and maintains compliant client files. Engaging in outside insurance broking or financial services activity without written consent from the Employer is prohibited.
Remuneration, Benefits, and Pay
Salary is paid monthly in arrears at the gross rate confirmed in the offer letter. Commission on new business and retention targets may form part of the package. The Employer funds professional examination fees and study materials for required qualifications.
Working Time, Location, and Hours
Standard office hours apply, with flexibility required during peak renewal periods. The Employee works primarily from the agency's office, with occasional attendance at client premises, insurer meetings, or industry events as the role demands.
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Why insurance agency businesses need a employment contract
Insurance Agency employees often handle sensitive information, operate specialised equipment, or interact directly with customers, making role-specific employment contracts essential. A insurance agency employment contract must address industry-standard working patterns, health and safety obligations, and any required certifications or training. Restrictive covenants like non-compete and non-solicitation clauses need to be calibrated to insurance agency market norms to be enforceable.
What your insurance agency employment contract includes
Plus all standard employment contract sections
Frequently asked questions
Is this suitable for both full-time and part-time employees?
Yes. Specify the employment type and working hours, and the contract will be adapted accordingly with the correct statutory entitlements.
Can I include a probation period?
Yes. You can specify the probation length, review process, and notice period during probation.
Does it include restrictive covenants?
The contract can include non-compete, non-solicitation, and non-dealing clauses. You specify the scope and duration.
Can I use this for remote employees?
Yes. Specify remote or hybrid working arrangements and the contract will include clauses for location, equipment, and expenses.
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