Compensation and Disclaimer
As your fully independent Commercial Insurance Broker and Risk Advisor (this means 100% employee-owned, private, Canadian, and with no insurance company or private equity firm ownership), we procure competitive quotes in the commercial insurance marketplace and purchase these products and services on your behalf.
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 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 the Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium that appears on your invoice.
In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. Some of our insurance company partners recognize our efforts through a Contingent (Profit) Commission contract. Payment of this Contingent (Profit) Commission may depend on a combination of growth, profitability, 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.
As a licensed insurance brokerage in Ontario, we must declare to our customers if we have any other financial links that could be considered a conflict of interest. We can proudly confirm that we are fully independent and that:
- We do not have any direct or indirect ownership interest by an insurer or financial conglomerate
- We do not have a loan, credit facility or other financial relationship direct or indirect with any insurer or financial conglomerate
Our disclosure commitments are made in the best interest of consumers. We encourage you to also consult the commitments made by the insurance industry and individual companies by consulting their websites or other available information.
Compensation Schedule
| Insurer | Automobile | Property / Casualty |
|---|---|---|
| Affiliated Brokers Exchange | N/A | 10-15% |
| April Canada | N/A | 10-15% |
| Aviva Canada | 7.5 - 12.5% | 10-20% |
| Boiler Inspection & Insurance | N/A | 15-20% |
| Berkley Insurance | N/A | 10-15% |
| Burns and Wilcox | N/A | 10-15% |
| Cansure Underwriting | N/A | 10-15% |
| CHES Special Risks | N/A | 10-15% |
| Chubb Insurance Company | 12.5% | 10-15% |
| Chutter Underwriting | N/A | 10-15% |
| Cowan Insurance Group | N/A | 10-15% |
| Coalition Underwriters | N/A | 10-15% |
| Economical Insurance | 10-12.5% | 10-20% |
| Facility Association | 10% (max $ 370 for personal auto) | N/A |
| Great American Insurance Group | N/A | 10-20% |
| Gore Mutual | 10-12.5% | 10-20% |
| Group One | N/A | 10-15% |
| Hagerty | 10-12.5% | N/A |
| HDI Global | N/A | 10-15% |
| Intact Insurance Company | 10-12.5% | 10-20% |
| Liberty Mutual | N/A | 10-15% |
| LIon's Gate Underwriting | N/A | 10-15% |
| Lloyd's of London Syndicates | N/A | 12.5-20% |
| Markel International | N/A | 15-25% |
| Milnco Insurance | N/A | 10-15% |
| Premier Canada | N/A | 10-15% |
| Royal SunAlliance | 10-12.5% | 10-20% |
| Special Risks | N/A | 10-15% |
| SUM Undewriters | N/A | 10-15% |
| Totten Group | N/A | 10-15% |
| Travelers Group of Companies | 10-12.5% | 10-20% |
| Trinity Underwriting | N/A | 10-20% |
| Victor Canada | N/A | 10-17.5% |
| Volante Group | N/A | 10-15% |
| Zurich Canada | N/A | 10-15% |
Disclaimer
The material and information on this website is provided “as is” and without warranties of any kind, either expressed or implied. Sussex Corporate Risk Inc. (SCR) disclaims all warranties, including but not limited to, implied warranties of merchantability and fitness for a particular purpose. SCR does not represent or warrant that any of the information presented on its web pages, this website or on the internet generally, will be uninterrupted or error free, that defects will be corrected, or that this website or the server from which it is accessed are free from viruses, worms, Trojan horses or other harmful components.
In no event shall SCR be liable for any cost or direct, indirect, special, incidental or consequential damages arising out of or in connection with the use of, or the inability to use this website. It is your responsibility to evaluate the accuracy, completeness and usefulness of any opinions, advice, services or other information provided.
All information contained on any page set up by SCR is distributed with the understanding that the authors, publishers and distributors are not rendering legal, accounting or other professional advice or opinions on specific facts or matters and accordingly assume no liability whatsoever in connection with its use. Consult your own legal or tax advisor with respect to your personal situation.
We’ve got you covered.
Sussex Corporate Risk Provides End-To-End Corporate Risk Management And Insurance Solutions To Mitigate, Hedge And Transfer Risk.
Ottawa
223 Colonnade Rd., Suite 116
Ottawa, ON K2E 7K3
Tel. (613) 224-0385
Fax (866) 290-2495
Toll Free 1-877-8-SUSSEX
Toronto
421 Bloor Street East, Suite 405
Toronto, ON M4W 3T1
Tel. (416) 229-1270
Fax (866) 290-2495
Toll Free 1-877-8-SUSSEX