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Broker Compensation Disclosure

We appreciate 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. We also 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 best represent your individual interest.

Brokerage compensation is part of your insurance premium. For commercial policies premiums can range from Nil to 20%. For your benefit, we have listed below both the Personal Automobile and Personal Property Insurers the brokerage represents and have included the range of compensation each provides as a percentage of overall premiums:

Insurance Carriers

Berkley Canada 10-20% Jevco Insurance Company 5-15%
Canada World Wide Underwriting Agencies Inc. 10-17.5% Moore-McLean Corporate Insurance Ltd. 15%
CFI Underwriting Managers 5-17.5% Optimum Frontier General Inc. 15-20%
Chutter Underwriting Services 10-15% Premier Marine Managers Group (West) Inc. 10-15%
Elliott Special Risks LP 15% South Western Group Limited 10-15%
Encon Group Inc. 15% The Boiler Inspection & Insurance Company 10-15%
Facility (Royal) 6-10% *The Dominion of Canada General Insurance Company 5-20%
*Intact Insurance Company 5-20% Trisura Guarantee 15-25%
$250.00 plus tax cap on most lines of business      

This commission percentage is paid annually for both new business and renewals. Should there be any change in the commission schedule we receive from your Insurer or any other material change that affects compensation arrangements, we will notify you. All Suppliers that are not listed above may include Wholesalers and Managing General Agents. Wholesalers/Managing General Agents pay a commission of 5%-20% and policies can be placed with the markets above including Lloyds of London.

In order for us to maintain strong relationships with quality Insurers, we work with each to provide the type of business they desire. The Insurers with an asterisk noted above recognize our efforts through a Contingent (Profit) Commission contract. Payment of this Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services we provide on behalf of the Insurer. Contingent (Profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go the individual Insurance Company website.

If you have any questions regarding this or any other aspects of your insurance please contact us.