Broker Compensation Disclosure

Notice To Our Customers:

Our Broker Compensation

As always, your business is appreciated and we thank you. 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 coverages, 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 expertise and experience to best represent your individual interest.

Broker compensation is part of your insurance premium. For your benefit, we have listed below, the Main Insurers that we represent, the type of risks and have included the range of compensation (commission) each provides as a percentage of your overall premium.

Personal Auto:

Aviva Insurance* = 8.50% to 15.50%
Facility (Nordique) = 11% capped at $350
Travelers Insurance* = 10% to 12.50%
Chieftain insurance = 12.50%
Northbridge Ins.* = 10% to 12.50%
Gore Mutual* = 10% to 12.50%
RSA Ins.*=10% to 12.5%
Jevco General =5% to 12.5%
Echelon Ins.*=10% to 12.5%
Perth Insurance = 10% to 12.50%
Economical Insurance* = 10% to 12.50%
Wawanesa Insurance* = 10% to 12.50%
Optimum Insurance = 10% to 12.50%
Intact Ins.*= 10% to 12.5%

Personal Property:

Aviva Ins.* = 15% to 20%
Gore Mutual* = 20%
Economical Insurance* = 20%
Northbridge Ins.* = 20%
Chubb Insurance = 15%
Optimum Insurance = 20%
Intact Ins.* = 20%
Travelers Insurance* = 20%
Chieftain Insurance = 12.50%
Perth Insurance = 15%
Wawanesa Insurance* = 20%
Premier Marine Insurance = 15%
RSA Ins.*=20%

Commercial Auto:

Aviva Insurance* = 12.50%
Travelers Ins.* = 12.50%
Optimum Insurance = 12.50%
Facility (Nordique) = 7.5% to 10%
Northbridge Insurance* = 12.50%
Gore Mutual* = 12.5%
Jevco General = 5% to 12.5%
Economical Insurance* = 12.50%
Wawanesa Insurance *= 12.50%
RSA Ins.* = 12.5%
Echelon Ins. = 12.5%
Intact Ins.* = 10% to 12.5%

Commercial Property/Liability:

Aviva Insurance* = 15% to 20%
Wawanesa Insurance* =15% to 20%
Optimum Insurance = 15% to 20%
Northbridge Ins.* = 15% to 20%
Intact Ins.* = 20%
Travelers Ins.* = 15% to 20%
RSA Ins* = 15% to 20%
Economical Insurance* = 15% to 20%
Gore Mutual = 15% to 20%

** Some Facility Commercial/public Auto (Taxis and Buses), commission is capped at $250.

This commission 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 effects broker compensation arrangements we will notify you.

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 marked with a single asterisk (*), noted above, recognize our efforts Through a Contingent (Profit) Commission contract. Payment of this contingent (Profit) Commission Depends strongly on a combination of conditions, such as, growth, volume, retention, increased service that We provide and portfolio profitability (loss ratio). It is not guaranteed. For more detailed information on Contingent Commission please go to the individual company’s website.

Your insurer will be providing you with a Consumer Code of Rights and Responsibilities, information Sheet, which will be forwarded to you with your new business policy. If you have any questions or Comments on this or any other issues, please do not hesitate to contact us, anytime.

Regards,

Marathon Insurance Group