Terms of business

These terms of business (Agreement) represent the agreement made between you and Covermonster Limited trading as MonsterSportsInsurance.co.uk, under which we will provide non-advised (execution only) protection insurance services (life assurance, critical illness insurance, permanent health insurance and accident, sickness and unemployment insurance) to you. Under the FCA definition we are a ‘restricted’ firm as MonsterSportsInsurance.co.uk does not give advice on mortgages, investments or pensions.

All work carried out is subject to these terms except where changes are expressly agreed in writing by both parties or where we have the right to amend these terms by giving notice to you.

This agreement shall be governed and construed in accordance with English law. English courts shall have exclusive jurisdiction to settle any dispute arising from this agreement. You and we irrevocably agree to submit to such jurisdiction and irrevocably waive any objection to any such action or proceeding being brought in those courts. The language of this agreement is English and we will communicate with you in English. All execution of business will take place at the firm’s head office address in Unit 7, Penwith Business Centre, Long Rock, Penzance, Cornwall, TR20 8HL.


In this agreement the expressions ‘we’, ‘us’ and ‘our’ refer to Covermonster Limited and the expressions ‘you’ and ‘your’ refer to you, the client. FCA means the Financial Conduct Authority.

Covermonster Limited is authorised and regulated by the FCA which regulates the financial services industry in the UK. Their address is 25 North Colonnade, Canary Wharf, London E14 5HS. You can check the FCA’s Register on their website www.FCA.gov.uk Covermonster Limited FCA reference is 730780.

Unless we notify you otherwise, you will be classed as a “Retail Client” which means that you will receive full protection under the rules of the FCA and be eligible to refer complaints to the Financial Ombudsman Service (FOS).

Non-advised services to be provided by us to you

You will not receive advice or a recommendation from us for any of our policies.

We may ask some questions to narrow down the selection of products that we will provide details on. We will disclose to you the specific terms of the policy as well as any disadvantages to the product, such as exemptions or areas of cover that are excluded to you. You will then need to make your own choice about how to proceed.

Awareness of policy terms

When a policy is issued you are strongly advised to read it carefully as it is that document, the schedule and any certificate of insurance that is the basis of the insurance contract you have purchased. If you are in any doubt over any of the policy terms and conditions, please seek our advice promptly.

Disclosure – your responsibilities

It is your responsibility to provide complete and accurate information when you take out your insurance policy, throughout the life of your policy, and when you renew your insurance. Failure to disclose information pertaining to your insurance, or any inaccuracies in information given, could result in your insurance policy being invalid and treated as if it never existed, or cover not operating fully. If any of the information provided by you changes after you have purchased the policy and during the period of the policy, you must provide the insurer with details.

It is important that you ensure all statements you make on proposal forms, claims forms and other documents are full and accurate. If a form is completed on your behalf, you should check that the answers shown to any questions are true and accurate before signing or agreeing the terms of the policy. Please ensure you have read the policy summary carefully to see if they apply to your circumstances.

If you have already bought insurance from us you should read all the enclosed documents. You should make sure the documents are accurate and contact us if the documents contain any errors. If your policy does not meet your needs or you do not understand it please inform us immediately. You must tell us as soon as possible about any changes that could affect your insurance. If you do not do this we will assume that the information we hold about you is correct.

Fees and commission

We offer products from a range of insurers for life assurance, critical illness insurance, permanent health insurance and accident, sickness and unemployment insurance. Where you may have a specific need or circumstance (such as being involved in hazardous occupations or sporting pursuits) this may limit the number of firms that will offer terms.

Where we arrange a regulated insurance product we will, with your understanding, take the commission paid by the insurance provider. The amount of commission will be disclosed to you in cash terms prior to the completion of any business. If you cancel your policy there may be a claw back of commission by the insurance provider.

Where we arrange a non-regulated insurance product you are reminded of your right to be advised of the level of commission that we receive from the insurance provider.

We will not charge a fee for any work undertaken.


In arranging your policy it will be necessary for us to create records about your personal circumstances and insurance arrangements. These records will be maintained and kept by us for as long as required by FCA rules.

Communicating with you

Where appropriate, we use non-encrypted email for communicating with you, unless you tell us not to do so. You should be aware that email and other modes of electronic and/or internet communication are not secure or error free methods of communication, and information sent in this way can be intercepted, lost, destroyed, arrive late or be incomplete. Similarly, communications on a mobile phone are not secure and can be intercepted.

If you do not want us to communicate with you by email or by mobile phone, please let us know.

We will take all reasonable care to ensure that confidentiality is maintained in all communications with you and will take all reasonable precautions to check for common viruses before sending information electronically. By instructing us to act, you agree that Covermonster Limited will not be liable to you for any loss or damage which you may suffer or incur as a result of our proper use of such communication channels.

In order for us to maintain our service standards, when you make a purchase through MonsterSportsInsurance.co.uk you will receive communication via email, from our service ratings partner Feefo, this will allow you to rate the service you received from us and leave a review in support of that service.

Governing law

This agreement shall be governed and construed in accordance with English law. English courts shall have exclusive jurisdiction to settle any dispute arising from this agreement. You and we irrevocably agree to submit to such jurisdiction and irrevocably waive any objection to any such action or proceeding being brought in those courts. The language of this agreement is English and we will communicate with you in English.


Covermonster Limited has a formal complaints procedure. If you have a complaint about the service you receive please write to Compliance Officer, Covermonster Limited, Unit 7, Penwith Business Centre, Long Rock, Penzance, Cornwall, TR20 8HL. Or by emailing [email protected] Alternatively telephone: 0203 389 6858.

If you feel that your complaint is not handled to your satisfaction you may subsequently complain to the Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London, E14 9SR, Tel: 0207 676 1000. Web: www.financial-ombudsman.org.uk/contact/index.html


We cannot guarantee the solvency or continuing solvency of an Insurer used and do not accept liability for losses arising in this regard.

We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Most types of insurance business are covered:

Insurance Business: Non-compulsory insurance provision (both general and life insurance): protection for 90% of the claim, with no upper limit.
We will advise you of any changes in your protection. Further information about compensation arrangements is available directly from the Financial Services Compensation Scheme and their website; http://www.fscs.org.uk.

Client money

We are not authorised to handle or control client money. Where we collect premiums this is under the basis of risk transfer. This means that premiums we collect from you and refunds of premiums are held in a client money bank account. By virtue of Agreements we hold with Insurers we collect premiums and make refunds as their agent. Therefore, once we have collected premiums from you, those premiums are treated as having been paid to the Insurer. Refunds of premiums are treated as received by you when they are paid over to you. We settle premiums to Insurers after deduction of our commission, and in accordance with the terms of our Agreements with those Insurers but we will not withdraw our commission until we have received the premium from you. We will not accept any other money or cheques unless it is a cheque in settlement of an invoice for our fees, charges, or disbursements.

Your instructions

We may accept instructions from you by telephone, in writing, in person or by email. We do, however, reserve the right to request that you confirm any instructions in writing, in any form we specify, either before or after we act upon your instructions. Where we enter into this Agreement with two or more individuals jointly, we will accept instructions from any one of those individuals on behalf of all the individuals, unless agreed otherwise with you in writing.


We do not process any customer claims. In the event of needing to make a claim, please visit the claims section of our website where you will find the dedicated claims helpline number for your policy.

Conflicts of interest

Occasions can arise where we, or one of our clients, will have some form of interest in the business that we are transacting for you. If this happens, or we become aware that our interests or those of one of our other customers conflict with your interests, we will inform you in writing and obtain your consent before we carry out your instructions.


The information displayed within the MonsterSportsInsurance.co.uk web pages should be used as a guide only. Details, availability and prices may change.

These web pages do not constitute a part of any contract.

MonsterSportsInsurance.co.uk shall not be liable for any damages to, or viruses that may infect your computer equipment, software, data or other property as a result of your access to, use of, or browsing of this website, or your downloading of any materials, data, text or images.

The copyright in the information contained in this website belongs to Covermonster Limited.

Data protection

Information about you (personal data) you provide to us is subject to the Data Protection Act 1998 (Act). By accepting this Agreement you consent to us or any company associated with us to process, both manually and by electronic means, your personal data for the purposes of providing services and administration.

We may also process information about other individuals (e.g. your spouse) which you provide to us. In providing such information on other individuals you agree that you have obtained those individuals’ consent to our processing information about them for the purposes of this Agreement.

“Processing” includes obtaining, recording or holding information or data, transferring it to other companies associated with us, product providers, the FCA or any other statutory, governmental or regulatory body for legitimate purposes including, where relevant, to solicitors and/or other debt collection agencies for debt collection purposes and carrying out operations on the information or data both inside and outside the European Economic Area.

We may also contact you (including by telephone) with details of products, promotions, services or for related marketing purposes in which we think you may be interested.

Your personal data may also contain sensitive personal data for the purposes of the Act, being information as to your physical or mental health or condition; the commission or alleged commission of any offence by you; any proceedings for an offence committed or alleged to have been committed by you, including the outcome or sentence in such proceedings; your political opinions, religious or similar beliefs, sexual life; or your membership of a Trade Union.

If at any time you wish us or to cease processing your personal data or sensitive personal data, or contacting you for marketing purposes, please print off this page, then tick the following boxes that apply and post it to: Compliance Officer, Covermonster Limited, Unit 7 Penwith Business Centre, Long Rock, Penzance, Cornwall, TR20 8HL. Alternatively telephone: 0203 893 2122.

I do not wish to be contacted for marketing purposes by email, telephone or post □

I wish you to cease processing any sensitive personal data □

You may be assured that we will treat all personal data and sensitive personal data as confidential and will not process it other than for legitimate purposes. Steps will be taken to ensure that the information is accurate, kept up to date, and not kept for longer than is necessary.

Measures will also be taken to safeguard against unauthorised or unlawful processing and accidental loss or destruction or damage to the data.

You are entitled to have access to your personal data and sensitive personal data held by us. You may be charged a small fee (subject to the statutory maximum) for supplying you with such data.