As an independent insurance broker our goal is to provide you with the best insurance value with the right combination of coverage, service, and price. Part of this service includes professional insurance advice, ongoing maintenance, and claims support. When any issue arises regarding your insurance coverage, we are here to advocate for you, using our knowledge and experience to best represent your individual interest.
Broker compensation is part of your insurance premium. With transparency in mind, we have listed the insurers and managing general agents which we represent and have included the commission range of compensation each provides as a percentage of your overall premium.
Aviva
Chubb
Gore Mutual
Hartford
Intact
Jevco
Kent & Essex Mutual
Liberty Mutual
Lloyd’s of London
Markel
12.5-30%
10-30%
12.5-20%
30%
12.5-30%
12.5%
12.5-20%
17.5-25%
15-25%
10-25%
Nordic / Facility Association
Northbridge
Sovereign General
Travelers
Trisura Guarantee
Western Surety
Various Specialty Markets
10%
10-30%
15-30%
12.5-30%
15-30%
27.5-30%
10-30%
This commission percentage is paid annually for both new business and renewals. Should there be an increase in the commission schedule we receive from your insurer or any other material change that affects your compensation agreements, we will provide you notice.
On occasion, we charge broker filing fees for policy services and administration. Some insurance partners including wholesalers, specialty markets, and managing general agents may also charge fees associated with administration and underwriting in addition to the policy premium. All fees applicable to any policy are over and above the broker compensation outlined in the insurance partner commission table. All fees are disclosed to each client in advance and at the point of sale.
In order to maintain strong relationships with our insurance carriers, we work with each to provide the type of business they desire. Some insurers carriers 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 always guaranteed. Detailed information on Contingent Commission, is available on each company’s website.
We are proud to operate as a fully independent insurance brokerage and we do not have any financial link that could be considered a conflict of interest including:
– Any direct or indirect ownership interest by any insurer, financial institution, or conglomerate– Any loan, credit facility, or other financial relationship direct or indirectly
If you have any questions regarding our broker compensation or conflict of interest, please contact us by telephone:1-877-213-4545 or email: contact@getcertain.ca.
