Insurance broker Account

mc25 Registered Posts: 232 πŸŽ† 🐘 πŸŽ†

I just wondering if anyone has come across this before. I have a client, who works as an insurance broker, due to how much commision he was anticipating to make in the next year, he decided to form a Ltd company and he is the only Director of these company. Now he sent his bank details and company information to the people he deals with, but they have told him they dont deal with Ltd company incase the company goes burst and they had already paid the commision and might need to claim it back for whatsover reason. there wont be anyway of getting there money back.

Is there someone out there with experience of dealing with insurance brokers and have any ideas. Thanks
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