As your independent insurance broker, we purchase insurance products and services that are available, affordable, and understandable 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 Automobile and Property Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.
| Company |
Automobile |
Property |
Contingent Profit |
| Aviva Canada |
10% – 12.5% |
20% |
* |
| CAA Insurance |
10% – 12.5% |
20% |
* |
| Coachman Insurance |
10% – 12.5% |
20% |
* |
| Chieftain Insurance |
10% – 12.50% |
20% |
* |
| Chubb Insurance |
10% – 12.5% |
20% |
|
| Dufferin Insurance |
10% – 12.5% |
20% |
* |
| Echelon Insurance |
10% – 12.5% |
N/A |
* |
| Definity Financial |
10% – 12.5% |
20% |
* |
| Edge Mutual Insurance |
10% – 12.5% |
20% |
* |
| Elite Insurance |
10% – 12.50% |
20% |
* |
| Gore Mutual Insurance |
10% – 12.5% |
20% |
* |
| Hagerty Canada |
10% – 12.50% |
N/A |
|
| Heartland Farm Mutual |
10% – 12.5% |
20% |
* |
| Intact Insurance |
10% – 12.5% |
20% |
* |
| Jevco Insurance |
10% – 12.5% |
N/A |
* |
| Nordic Insurance (Facility) |
9% – 11% |
N/A |
|
| Northbridge Insurance |
10% – 12.5% |
20% |
* |
| Pafco Insurance |
10% – 12.5% |
N/A |
* |
| Peel Mutual Insurance |
10% – 12.5% |
20% |
* |
| Pembridge Insurance |
10% – 12.5% |
20% |
* |
| Portage Mutual Insurance |
10% – 12.5% |
20% |
* |
| SGI Canada Insurance |
10% – 12.5% |
20% |
* |
| Travelers Insurance |
10% – 12.5% |
20% |
* |
| Unica Insurance |
10% – 12.5% |
20% |
* |
| Wawanesa Insurance |
10% – 12.5% |
20% |
* |
| Other-MGA |
N/A |
10%-20% |
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 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 the 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. It is based on the average results over a three-year period and is not related to any one particular customer or group of customers. 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 policy. If you have any questions regarding this or any other aspect of your insurance please contact us.
Morison Insurance Brokers Inc. 2024
