Our Broker Compensation
THANK YOU FOR YOUR BUSINESS.AS A BROKER WE PURCHASE INSURANCE PRODUCTS AND SERVICES ON YOUR BEHALF THAT ARE AVAILABLE TO US AND UNDERSTANDABLE.
IMPORTANT NOTE: AT THE CURRENT TIME WE WORK WITH ONLY ONE STANDARD AND TWO NONSTANDARD INSURERS. AS THERE ARE NUMEROUS STANDARD AND NON-STANDARD INSURERS IN ONTARIO WE STRONGLY RECOMMEND YOU CHECK THE CHOICES AND PRICES AVAILABLE TO YOU IN THE MARKET BEFORE BUYING THROUGH US.
HOWEVER WE DO PROVIDE PERSONALISED 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.
BROKER COMPENSATION IS PART OF YOUR INSURANCE PREMIUM. FOR YOUR BENEFIT, WE HAVE LISTED BELOW AUTOMOBILE INSURERS THAT WE REPRESENT AND HAVE INCLUDED THE RANGE OF COMPENSATION EACH PROVIDES AS A PERCENTAGE OF YOUR OVERALL PREMIUMS
INTACT INSURANCE * - 7.5% TO 12.5% FOR AUTO POLICIES. (UP TO 20% FOR OTHER LINES)
JEVCO INSURANCE CO.-5% TO 12.5%
NORCIC INSURANCE CO, - 6% TO 11% (MOST CAPPED AT $310/$155)
THE COMMISSION PERCENTAGE IS PAID ANNUALLY FOR BOTH NEW BUSINESS AND RENEWALS.SHOULD THERE BE AN INCREASE IN THE COMMISSIONS SCHEDULE WE RECEIVE FROM YOUR INSURER,WE WILL NOTIFY YOU.
IN ORDER FOR US TO MAINTAIN STRONG RELATIONSHIPS FROM QUALITY INSURERS WE WORK WITH EACH TO PROVIDE THE TYPE OF BUSINESS THEY DESIRE. THE INSURER WITH AN ASTRISK NOTED ABOVE RECOGNISE OUR EFFORTS THROUGH A CONTIGENT (PROFIT) COMMISSION CONTRACT. PAYMENT OF THIS CONTIGENT (PROFIT) COMMISSION DEPENDS ON A COMBINATION OF GROWTH, PROFITABILITY (LOSS RATIO), VOLUME, RETENTION AND INCREASED SERVICES THAT WE PROVIDE ON BEHALF OF THE INSURERS. CONTIGENT PROFIT COMMISSION IS NOT GUARANTEED.
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.
OUR DISCLOSURE COMMITMENTS ARE MADE IN THE BEST INTEREST OF CONSUMERS. WE ENCOURAGE YOU TO ALSO CONSULT THE COMMITMENTS MADE BY THE INSURANCE INDUSTRY AND INDIVIDUAL COMPANIES BY CONSULTING THEIR WEBSITE OR OTHER AVAILABLE INFORMATION.