To Our Valued Customer:
Thank you for your business. As your Independent Insurance Broker, we purchase Insurance 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. As an example, we have listed below insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium:
*Intact Insurance – 10% to 12.5% Automobile and 20% Property
*Travelers Insurance – 10% to 12.5% Automobile and 20% Property
*Chieftan Insurance – 10% to 12.5% Automobile and 20% Property
Jevco Insurance – 12.5% to 15% Automobile
Nordic Facility – Services Fee – $370 Maximum Automobile
This commission percentage is paid for both new business and renewals.
Should there be an increase in the commission schedule we receive from your insurer, or a material change that affect 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 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 that we provide on behalf of the Insurer. Contingent (Profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go to the individual company’s website.
We currently have a loan guaranteed by Intact Insurance that was used to expand our business.
Your insurer will be providing you with consumer Code of Rights and Responsibilities that 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 directly at 905-338-5168.