Disclosure
Property & Casualty Insurance – Broker’s Commission Disclosure
Thank you for your business! As your independent insurance broker, we try our best to locate insurance products and services on your behalf that are available, affordable and understandable. Our role is to provide you with the best insurance value, combining coverage, service and price.
We provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance, and claims support. When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to represent your individual interests.
Brokerage compensation is part of your insurance premium. For your benefit, we have listed below all property and casualty insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.
AM Fredericks
Allianz Global
AVIVA Canada
Burns & Wilcox
Can-Sure Underwriting
CHES Special Risks
Chieftain Insurance
CHUBB Insurance
Dominion of Canada
Economical Insurance
Excess Underwriting
Facility Association
Gore Mutual
Group One
INTACT Insurance
10% - 15%
10% - 20%
10% - 20%
10% - 15%
10% - 15%
10% - 15%
10% - 20%
10% - 15%
10% - 20%
10% - 20%
15%
3% - 10%
12.5% - 20%
10% - 15%
10% - 20%
INTACT / Niche
JEVCO
Lloyd of London
Markel
Pacific Marine
PAFCO Insurance
Pembridge Insurance
Premier Marine
Royal & Sun Alliance
South Western
Totten Group
UNICA Insurance
Western Assurance
Zurich Insurance
10% - 17%
5% - 12.5%
12.5% - 15%
15% - 25%
10% - 15%
10% - 12.5%
12.5% - 20%
12.5% - 15%
12.5% - 20%
10% - 15%
10% - 15%
12.5% - 20%
12.5% - 20%
15% - 20%
Insurers pay commission percentage annually for both new business and renewals.
The above commission schedule and Companies represented may change from time to time; we try our best to update the list when it occurs.
In order for us to maintain strong relationships with quality insurers, we work with each insurer to provide the type of business they desire. Some insurers noted above recognize our efforts through a contingent (profit) commission contract. Payment of this contingent (profit) commission depends on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the insurer. Insurance Companies do not guarantee Contingent (profit) Commission.
Most insurers will send out a Consumer Code of Rights and Responsibilities with your new policy. If you have any questions regarding this or any other aspect of your insurance, please contact our office at 416-391-3211.
Financial Services – Advisor Disclosure Statement
Your Life Insurance advisor should give you an Advisor Disclosure Statement outlining the following:
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The insurance company(ies) they represent and their relationship with such said company(ies)
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The types of products and/or services they provide
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Any other licence(s) that they may have and the provinces in which they are licensed to operate
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The fee structure or compensation basis
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If applicable, the perceived or potential conflict of interest
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Any additional information