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Our Broker CompensationThank you for your business. As your independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable, and understandable.
Our role is to provide you with the best insurance value that combines coverage, service, and price. Our most important function is to help you make decisions that affect your premium payments now and in the future. General Insurance is not as simple as some people would like to think. It takes careful planning to budget your premium dollars and to help you make decisions that will best manage your policy. When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.
Brokerage compensation is part of your insurance premium. For your benefit, we have listed below insurers that we represent and the range of compensation each provides as a percentage of your overall premium.
Company; |
Automobile Insurance |
Property Insurance |
Boat Insurance |
Dominion of Canada* |
12.5% |
20% |
|
Chieftain Insurance * |
12.5% |
8.5% |
|
Economical Mutual* |
12.5% |
20% |
|
Federation Insurance* |
12.5% |
20% |
|
Perth Insurance |
5-12.5% |
20% |
|
Pilot Insurance* |
8.5-17.5% |
15-24% |
|
Portage Mutual* |
12.5% |
20% |
|
Waterloo Insurance* |
10% |
17.5% |
|
Royal Facility |
Capped at $250 |
|
|
Kingsway |
5-12.5% |
|
|
Pafco |
12.5% |
|
|
Jevco |
15% |
|
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Royal SunAlliance * |
12.5% |
20% |
20% |
Premier Marine |
|
15% |
15% |
Aviva Traders |
8-11.5% |
16-16.5% |
|
Pembridge Insurance |
10-12.5% |
20% |
|
Guarantee Insurance |
15% |
25% |
|
The commission percentage is paid annually for both new business and renewals.
The insurers with an asterisk noted above recognize our brokerage efforts through a contingent commission contract. Payment of this contingent commission may depend on a combination of growth, profitability, volume, retention and increased services that we provide on behalf of the insurer. Contingent commission is not guaranteed. For detailed information of contingent commission, please go to the individual company’s website.
Dominion of Canada has provided interest-bearing financing at market rates to our brokerage.
Your insurer will be providing you with a Consumer Code of Rights and Responsibilities which will be forwarded to you with your new business policy. If you have any questions regarding this or any other aspect of your insurance, please contact us.
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