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Commission Disclosure Statement

Information about our compensation structure and how we conduct business.

How We Conduct 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.  Commissions are paid to us on an annual basis for both new business and renewals.  We have listed below the insurers that we represent and have included the commission that each provides as a percentage of your overall premium:

 

PERSONAL LINES – Automobile (may include Recreational Vehicles), Property (may include Farms & Watercraft) and Excess Liability (Umbrella)

 

Automobile Property Umbrella
Aviva Insurance Company * 12.5 20 15
Aviva Traders 11 16
Chubb Insurance Company *

 

12.5 20 20
Travellers/Dominion of Canada* 12.5 20
Halwell Mutual Insurance Company * 12.5 20
Intact  Insurance * 12.5 20 15
Northbridge  General Insurance* 12.5 20 20
Lloyds Canada N/A 25
Lloyds Substandard N/A 22.5
Pafco Insurance Company 12.5 15
Pembridge  Insurance * 12.5 20
Premier Marine N/A 15
Royal & Sun Alliance 12.5 20 15
Royal & Sun Alliance Facility 10 N/A
Unica Insurance* 12.5 20
 

Economical Insurance

12.5 20       15

 

COMMERCIAL LINES – Automobile, Commercial General Liability, Composite Mercantile Policies and Bonds

 

Automobile CGL CMP Bonds
A.M. Fredricks Underwriting 10
Allianz Global Risk 15
Atlantic Marine Underwriters 15 15
Aviva Insurance Company * 12.5 20 20 12.5
April Canada 15 15
Beacon Underwriting 15
Boiler Inspection & Insurance 15
BIS Risk          10
Chubb Insurance Company * 10 15 20
Chutter Insurance 15
Coast Underwriters Limited 12.5 15 20
Das Canada 15
Creechurch International 15 15
Economical Mutual* 10-12.5 20
Markel 15 15
Encon Ins. Managers Inc. 15 7.5
Export Development Corp. 10
Frank Cowan Company 12.5 10 15
Evolution 15
Global Aerospace 10
Gore 20
Guarantee Company of N.A. * 20 20 25
Intact  Insurance * 12.5 20 20
Liberty International 12.5 15 20
Lloyds Canada 15 25
Northbridge  General Insurance* 10-12.5 20 20 25
Pafco Insurance Company 12.5 20 20
Royal & Sun Alliance * 12.5 20 20 25
Royal & Sun Alliance Facility 10
South Western Group 15 15
Soveregin General 12.5 15 20
Summit Underwriting Group 15 15
Totten Group 12.5 12.5
Travelers Insurance Company 15 20
Unica Insurance* 12.5 20
Wholesale Insurance Group 12.5 12.5
Zurich Canada 12.5 20 20

 

 

Contingent Profit Commissions (CPC)

In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire.  The more reputable insurers we represent means the more choices we are able to offer customers.

 

The insurers with an asterisk noted above recognize our efforts through a Contingent Profit Commission contract.  Payment of this CPC may depend on a combination of growth, profitability, volume, retention and increased services that we provide on behalf of an insurer.  CPC is not guaranteed. For detailed information on CPC, please go to the individual company’s website.  Northbridge Insurance Company owns a minority share interest in Dalton Timmis Insurance for the purpose of succession planning.

 

Exclusive Contracts with an Insurer

We are an independent insurance brokerage, and as such have access to many insurance companies.  It is our responsibility to shop the market and obtain “the best product, the best price and the best service” for consumers.

 

Should there be an increase in any commission we receive from your insurer or any other material change that affects compensation arrangements, this disclosure statement will be amended accordingly.

 

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

 

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