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Disclosure Statement

We would like to take this opportunity to thank all our clients for the privilege of being of service to them with regards to insurance requirements.  As their independent Insurance Broker, we purchase insurance products and services on their behalf that are available, affordable, and understandable.

Our role is to provide them 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 their advocates, using our professional experience to best represent their individual interest.

Brokerage compensation is part of the insurance premium.  We have listed below our property and casualty insurers that we represent and have included the range of compensation each provides as a percentage of the overall premium.

 
AM Fredericks – 10% to 15% AIG / Chartis – 10% to 30%       
All Sport – 10% to 15% April – 10% to 15%
Arch – 10% to 15% AXA – 10% to 20%
Aviva* - 10% to 22% BI & I  - 15% to 22.5%
Burns & Wilcox – 10% to 15% CHES – 10% to 15%
CG & B – 15% Chubb Canada* - 10% to 20%  
Chutter Underwriting – 10% to 15% CJB Insurance – 10% to 15%
Core Underwriting – 10% to 15% Creechurch – 10% to 15%
Economical* – 10% to 20% Elliott Special Risk – 10% to 15%
ENCON – 10% to 15% Excess Underwriting – 10% to 15%
Gameday – 10% to 15% Gore Mutual* - 10% to 22.5%
GroupOne – 10% to 15% Intact* - 7.5% to 20%  
Jevco* – 5% to 15% K & K – 10%
Mitsui Sumitomo – 10% to 20% Tokio Marine – 10% to 20%      
Northbridge* – 7.5% to 20% Novex – 10% to 20%
Oceanic Underwriters – 15% Pafco* - 10% to 12.5%
Pembridge* - 10% to 20% Perth* – 10% to 15%
Premier Canada – 10% to 15% South Western – 10% to 15%
Special Risk – 10% to 15% SUM – 10% to 15%
Thistle – 10% to 20% Travelers / Dominion* - 10% to 20%        
Travelers / Chieftain* - 10% to 20% TIC – 10% to 40%        
Totten – 10% to 15% Unica* – 10% to 20%
Lloyd’s – 5% to 15%
Facility (Nordic) – 6% to 10% capped @ $310 
                  

This commission percentage is paid annually for both new business and renewals.  Some of the insurers listed insure only specialty products.

Commission from any unearned premium due to adjustments or cancellation will be refunded to the insurers.

Should there be an increase in the commission schedule we receive from your insurer, or, any other material change that affects compensation arrangements, we will endeavor to notify. 

Certain class of business are more sensitive to claims and with limited capacity when we only have access to limited or single carrier.

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 on the entire book of business with the insurer, not on your individual policy.  Contingent (Profit) Commission is not guaranteed.  For detailed information on Contingent Commission, please visit the individual company’s website.

The Intact Insurance Company indirectly has a minority equity investment in New World Insurance Services.

Insurers will be providing the clients with a Consumer Code of Rights and Responsibilities, which will be included in the policies.  
If there is any questions regarding the above or if we can be of any further service to you, please do not hesitate to contact us.