Broker Compensation Disclosure
CLIENT INFORMATION | COMPENSATION & CONFLICTS
As an independent insurance brokerage, Broker Canada Insurance aims to provide clients with appropriate insurance coverage, professional advice, ongoing policy service, and claims support. We work to identify the right combination of coverage, service, and price for each client. We also advocate for clients when questions or issues arise regarding their insurance coverage.
Broker compensation is generally included in the insurance premium. In the interest of transparency, the following table reproduces the insurer and managing general agent commission ranges shown in the source disclosure, expressed as a percentage of premium.
Commission Ranges by
Insurer / Market
Insurer / market | Commission | Insurer / market | Commission |
Chubb | 10–30% | Facility Association | 10% |
Gore Mutual | 12.5–20% | Northbridge | 10–20% |
Intact | 12.5–30% | Travelers | 12.5–30% |
Jevco | 12.5% | Trisura Guarantee | 15–30% |
Kent & Essex Mutual | 12.5–20% | Wawanesa | 12.5–20% |
Liberty Mutual | 17.5–25% | Western Surety | 27.5–30% |
Lloyd’s of London | 15–25% | Specialty Markets / MGAs | 10–30% |
Markel | 10–25% |
Commission is typically paid for both new business and renewals. If the commission schedule received from an insurer increases, or another material change affects our compensation arrangements, we will provide notice as required.
Additional Compensation Information
Broker Canada Insurance may also charge disclosed fees for policy services and administration. Some insurance partners, including wholesalers, specialty markets, and managing general agents, may charge additional administrative or underwriting fees. Where applicable, these fees are in addition to the insurance premium and broker commission and will be disclosed to the client before the transaction is completed.
Some insurance companies may also pay contingent or profit-sharing commissions. These payments may depend on factors such as growth, profitability, loss ratio, business volume, retention, or services provided to the insurer. Such compensation is not guaranteed and may vary by insurer and period. Details may be available from the relevant insurer.
Conflict of Interest Declaration
Broker Canada Insurance seeks to identify, manage, and disclose actual or potential conflicts of interest that could affect the advice or services provided to clients. These may include direct or indirect ownership interests, financing arrangements, financial relationships with insurers, and compensation arrangements that could create an incentive to recommend one insurance product or insurer over another.
If a material conflict applies to a client’s circumstances, Broker Canada Insurance will disclose it and address it in accordance with applicable regulatory requirements.
Questions about compensation or conflicts of interest? Please contact Broker Canada Insurance at (604) 276-0244 or:
Broker Compensation Disclosure
CLIENT INFORMATION | COMPENSATION & CONFLICTS
As an independent insurance brokerage, Broker Canada Insurance aims to provide clients with appropriate insurance coverage, professional advice, ongoing policy service, and claims support. We work to identify the right combination of coverage, service, and price for each client. We also advocate for clients when questions or issues arise regarding their insurance coverage.
Broker compensation is generally included in the insurance premium. In the interest of transparency, the following table reproduces the insurer and managing general agent commission ranges shown in the source disclosure, expressed as a percentage of premium.
Commission Ranges by Insurer / Market
Insurer / market | Commission | Insurer / market | Commission |
Chubb | 10–30% | Facility Association | 10% |
Gore Mutual | 12.5–20% | Northbridge | 10–20% |
Intact | 12.5–30% | Travelers | 12.5–30% |
Jevco | 12.5% | Trisura Guarantee | 15–30% |
Kent & Essex Mutual | 12.5–20% | Wawanesa | 12.5–20% |
Liberty Mutual | 17.5–25% | Western Surety | 27.5–30% |
Lloyd’s of London | 15–25% | Specialty Markets / MGAs | 10–30% |
Markel | 10–25% |
Commission is typically paid for both new business and renewals. If the commission schedule received from an insurer increases, or another material change affects our compensation arrangements, we will provide notice as required.
Additional Compensation Information
Broker Canada Insurance may also charge disclosed fees for policy services and administration. Some insurance partners, including wholesalers, specialty markets, and managing general agents, may charge additional administrative or underwriting fees. Where applicable, these fees are in addition to the insurance premium and broker commission and will be disclosed to the client before the transaction is completed.
Some insurance companies may also pay contingent or profit-sharing commissions. These payments may depend on factors such as growth, profitability, loss ratio, business volume, retention, or services provided to the insurer. Such compensation is not guaranteed and may vary by insurer and period. Details may be available from the relevant insurer.
Conflict of Interest Declaration
Broker Canada Insurance seeks to identify, manage, and disclose actual or potential conflicts of interest that could affect the advice or services provided to clients. These may include direct or indirect ownership interests, financing arrangements, financial relationships with insurers, and compensation arrangements that could create an incentive to recommend one insurance product or insurer over another.
If a material conflict applies to a client’s circumstances, Broker Canada Insurance will disclose it and address it in accordance with applicable regulatory requirements.
Questions about compensation or conflicts of interest? Please contact Broker Canada Insurance at (604) 276-0244 or:
