Thank you for your business. As your Independent Insurance Broker, we purchase insurance products and services
on your behalf that are available, affordable and understandable. 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 represent your individual interest.
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Brokerage compensation is part of your insurance premium. For your benefit, we have listed below insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium. This commission percentage is paid annually for both new business and renewals Aviva Group of Companies* BOXX Insurance Coachman Coalition Chubb Insurance* Echelon* Economical* Gore Mutual* HD Mutual* HDI Insurance Intact* ICPEI* Lloyds Broker(s) Markel Canada MAX Insurance* Nordique – Facility Northbridge* Optimum* Pembridge* Pafco Portage* SGI* Tokio Marine Canada* Travelers/ Dominion of Canada* Unica Insurance* Wawanesa Insurance*
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Compensation Range:
- Personal Property between 15%-20%
- Commercial Property & Casualty between 5%-25%
- Commercial Specialty Lines between 5%-25%
- Personal and Commercial Automobile (other than certain Facility policies which are capped) between 7.5% and 15.5%
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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 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 depending 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.
Your Insurer will be providing you with a Consumer Code of Rights and Responsibilities which will be forwarded to you with your new business policy. If you have any questions regarding this or any other aspect of your insurance,
please contact us.
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Sincerely,
AIM Insurance
