The world of commercial property insurance might not seem like a murky business to be involved in, but unscrupulous managing agents are conning landlords and leaseholders out of millions of pounds every year.By offering to negotiate the property insurance on behalf of their tenants and leaseholders, often also offering reduced management fees in return for this privilege, the managing agent opens up an avenue for it to be able to place the business with an insurance broker of its choice.As part of the premiums paid for the insurance policy, which is often way above the market average, there will be a commission payment included from the broker to the managing agent, which can run into the hundreds of thousands of pounds for every year the policy is in place.The cost of this commission is then passed on to the end user, namely the tenant or leaseholder, without disclosing the details of the payment, artificially inflating the price of the policy at the expense of the landlord or leaseholder while simultaneously lining the pockets of the managing agent.<\/p>\n\n\n\n