As an Independent Insurance Broker, we arrange for the purchase of insurance products on your behalf that are available, affordable and understandable. Brokerage compensation is included in your insurance premium.
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 advocates, using our professional experience to best represent your individual interest.
We have contracts with the following insurance companies:
- INTACT Insurance
- Gore Mutual
- Royal & SunAlliance
- Travelers Canada
In addition we deal with several other insurers on a non-contract basis. These companies pay our brokerage commission for new business and for renewals ranging from 5% to 12.5% for automobile insurance, and from 10% to 20% for property and casualty insurance. In addition we deal with several specialty insurers where commissions are reduced or capped or set as a flat fee.
In order for us to maintain strong relationships with quality insurers we work with each to provide the type and quality of business they desire. The insurance companies listed above recognize our efforts through payment of contingent profit commission. Payment of this contingent commission is primarily dependant upon the loss ratio, or profitability, of our book of business with each insurance company. This contingent profit commission payment is not guaranteed. For more information on contingent profit commission please go to the individual insurance company web site.
From time to time our insurance companies loan money to assist us with mergers and acquisitions.
Your insurance company will provide you with a Consumer Code of Rights and Responsibilities that may be included with your policy or may be viewed at the company’s web site. If you have any questions regarding this or any other aspect of your insurance, please call us.