Our Broker Compensation
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As your independent insurance broker, our role is to provide you with the best insurance value combining coverage, service and price. Our personal service includes professional insurance advice, ongoing policy maintenance and claims support. When any issue arises regarding your insurance coverage, we are your advocates using our professional experience and qualifications to effectively represent your individual interest. Brokerage compensation is part of your insurance premium. For your information, we have listed below the insurers we represent and the range of compensation each provides as a percentage of your overall premium: |
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| Personal Automobile Insurers | Commercial Automobile Insurers | |||
| *Aviva Pilot | 8.5% to 15.5% | *Aviva | 12.5% | |
| *ING | 12.5% | *ING | 12.5% | |
| *Aviva Traders (group) | 8% to 11.5% | *Dominion of Canada | 10% to 12.5% | |
| Jevco | 15% | |||
| *Dominion of Canada | 12.5% | |||
| Personal Property Insurers | Commercial Property Insurers (including intermediaries) |
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| *Aviva Pilot | 15% to 24% | *Aviva | 15% to 20% | |
| *ING | 20% | *ING | 15% to 20% | |
| *Aviva Traders (group) | 16% to 16.5% | *Encon | 10% | |
| Chubb | 15% | Totten Group | 10% | |
| Aviva Elite | 20% | Creechurch | 15% | |
| Premier Marine | 15% | *Dominion of Canada | 15% to 20% | |
| *Dominion of Canada | 20% | |||
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The commission percentage is paid annually for both renewals and new business. When we compare premiums for the purposes of offering a specific quote, the comparison is made on the basis of gross premium cost to the client. We contract with those insurers whom we believe offer a range of products and services appropriate to the needs of our clients and who deliver those products effectively and efficiently. In order to maintain strong relationships with quality insurers, we work with each to provide the type of business that fits their capabilities. The insurers noted above with an asterisk (*) recognize our efforts through contingent profit-sharing plans. Payments to us from such plans depend on some combination of growth, profitability, volume and retention in a given year or years. Profit-sharing is not guaranteed. Information on this subject particular to each insurer is available on the individual company websites (access by going to the Links section of this website). We have no financial links (direct or indirect through shares, loans or credit facilities) with any insurer. We are wholly-owned by this brokerage’s principal. |
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