Compensation Disclosure

As an independent insurance broker, we serve as an intermediary between you and the insurance companies we work with. We help secure insurance on your behalf from reputable and reliable insurers. Our role is to provide you with quality insurance coverage that best suits your needs at a competitive price. In addition, we provide expert and professional insurance advice to help you make informed decisions about your insurance options. If you have to make a claim, we’re here to advocate on your behalf to get the best insurance and settlement possible.

Brokerage Compensation is part of your insurance premium and is paid annually for both new business and renewals. For your benefit we have listed below the companies we work with on a regular basis and the range of compensation they provide:

Insurers

MD Marine Insurance a division of McLean and Dickey Insurance Ltd.:

Aviva Canada Inc.*

McLean and Dickey Insurance:

Definity/Economical Group*

Intact Insurance Company*

Coast Underwriters

Echelon Insurance

Aviva Insurance Company (Elite Insurance Company)*

Northbridge General Insurance*

Shipowners Mutual P&I Association

Zenith Insurance Company

Lloyds of London certain syndicates

The Commonwell Mutual Insurance Group*

Peel Mutual Insurance Company*

Facility Association (Nordic)

Compensation Range

Commercial Marine and Pleasure Craft Marine between 0%-21.5%

Commercial Property between 5%-25%

Personal Property between 15%-20%

Personal and Commercial Automobile (other than certain Facility policies which are capped) between 7.5% and 15.5%

On occasion we place coverage through Managing General Agents (MGAs). MGAs have expertise in niche products and provide access to specialty markets. The compensation range from MGAs is between 5% and 20%.

In order to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. The insurers noted with an asterisk above recognize our efforts through a Contingent (Profit) contract which can pay us additional compensation. This payment may depend on a combination of growth, profitability, volume, retention, and increased services we provide on behalf of an insurer and is not guaranteed. It is also based on our entire portfolio of business with an insurer and not on individual policies. For more detailed information, please go to any of the above noted insurers’ websites.

We sincerely appreciate and value your business with us.

Should you have any questions about this or any other aspect of your insurance, please feel free to reach out to us at 877-627-4633 or email us at [email protected].