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The system enables advisers to pass on their clients' requirements and receive a quote back within an hour.

All areas of commercial insurance can be covered and it is anticipated the greatest interest will be in the buy-to-let market.

A 15 per cent commission of the gross premium of each case will be received by the adviser if the policy is taken out.

Ian Russell, underwriting director for APC Alliance, said: "With the current challenges within the mortgage and IFA market there is a clear need to generate alternative income streams from existing clients.

"Having spoken to numerous advisers we felt the placement of commercial insurance would be of enormous benefit to introducers."

Nikki Cann, associate director of operations and communications for the National Association of Commercial Finance Brokers, said: "This seems like a good idea but I do not know if it accepts business from non-regulated advisers as commercial advisers are not regulated.

"It could provide mortgage advisers and IFAs, however, with a one-stop shop."