Statement of Broker Services & Compensation
Thank you for your business. As your independent insurance broker, our role is to provide you with the best insurance products that combine coverage, service, and price. We provide you with personalized service, expert insurance advice, and ongoing policy maintenance and act as an advocate when any issues arise regarding your insurance coverage.
Brokerage compensation is part of your insurance premium. For your reference, we have outlined the insurance providers we represent and the range of compensation each provides as a percentage of the premium that appears on your invoice. In order for us to maintain strong relationships with quality insurers, we work with insurers to provide the type of business they desire.
The insurers noted below with an asterisk recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission is dependent on a combination of growth, profitability (loss ratio), volume, retention, and increased services that we provide on behalf of the insurer. It is based on our entire portfolio of business with that insurer and not on individual policies. Contingent Commission is not guaranteed.
For detailed information on the Contingent Commission, please refer to the individual insurer’s website. Should there be an increase in the compensation provided by your insurance provider, we will notify you. Your insurance provider will be providing you with a Consumer Code of Rights and Responsibilities along with your new business policy. If you have any questions regarding this or any other aspect of your insurance, please feel free to contact us.
| Insurance Company Name | Commission Range |
|---|---|
| Aviva Insurance Company of Canada | 7.5%-20% |
| Chubb Insurance Company | 10%-20% |
| Travelers Canada | 12.5%-27.5% |
| Echelon Insurance Company | 7.5%-27.5% |
| Economical Insurance Group | 5%-25% |
| Intact | 7.5%-20% |
| Starr Insurance & Reinsurance* | 7.5%-15% |
| Halwell Mutual Insurance* | 12.5%-20% |
| Nordique (Facility) | 7.5%-11% |
| Berkshire Hathaway Specialty | 15% |
| Trisura Guarantee | 10%-15% |
| Hdi Global | 10%-20% |
Important Information
The Canadian Insurance Services Regulatory Organization (CISRO) recently published the Principles of Conduct for Insurance Intermediaries document to help customers better understand what they can expect from RIBO license holders.
The Principles Document articulates expectations for professional behavior and conduct responsibilities of all insurance intermediaries, including those who are not licensed by RIBO. Stated simply, customers have a right to be treated fairly.
The Principles Document and Fact Sheet are designed to help you understand our obligations as your insurance broker. Click on the links below for more information: