Thank you for your business. 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 coverage, service, and price. We also provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance and claims support. When an 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. For your benefit, we have listed below Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.
For Automobile Business:
AXA Insurance* ten to twelve and a half percent, Coachman Insurance Company* twelve and a half percent, Economical Mutual* ten to twelve and a half percent, Facility Association* two percent to ten percent with maximum compensation being two hundred and fifty dollars, Federation Insurance Company* ten to twelve and a half percent, Gore Mutual* ten to twelve and a half percent, Guarantee Company of North America fourteen percent to seventeen percent, ING* ten to twelve and a half percent, Lombard Insurance* ten to twelve and a half percent, Perth Insurance five to twelve and a half percent, Royal/SunAlliance* ten to twelve and a half percent, York Fire* twelve and a half percent, Kingsway five to thirteen and a half percent.
For Property Business:
AXA Insurance* twenty percent, Boiler Inspection fifteen to twenty percent, Coachman* twenty, Ecclesiastical Insurance twenty percent, Economical Mutual* twenty percent, Gore Mutual* twenty percent, Grain Insurance twenty percent, ING* twenty percent, Kingsway Insurance twenty percent, Lombard Insurance* twenty, Royal/SunAlliance* twenty percent, York Fire* twenty percent and Zurich* twenty percent.
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 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.
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.
