Disclosure

Broker Compensation
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 an 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 Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.

21st Century Travel Insurance Ltd 
BI&I Company of Canada
CJB Insurance Services
Cross Border Underwriting Services  
E.R. Adams General Ins.
Elliott Special Risks Ltd.  
Frank Cowan Company Ltd. 
Guarantee Company of North America 
ING Insurance Company of Canada*
Kingsway General Insurance Company
Markel Insurance Company
Pacific Marine (Ontario) Underwriting
Premier Marine
Sovereign General*  
The Wholesale Insurance Group
York Fire & Casualty* 		  20%
20%
15%
10-12.5% 
10% 
10-12.5%
7.5-15%
20% 
10-20%
5-12.5%
10% 
15%
15% 
12.5-20%
10-12.5% 
10-20%

     American Home Assurance Company
Central Underwriters Inc. 
Cowan Dalton Inc.
Dominion of Canada* 
Economical Insurance
(incl Western General)*
Encon Insurance Managers 
Genmark Insurance Brokers 
Hamilton Twp. Mutual*
Jevco Insurance 
Livestock Insurance Managers Ltd.
Nordic Insurance (Facility Assoc.)

Perth Insurance* 
South Western Group 
Sports-Can Insurance Consultants Ltd.
Wawanesa 
Willis Canada Inc. 		   10-15%
10-15%
10%
7.5-20%
10-22.5%

8-12.5%
12.5%
10-20%
15%
10%
9-11%
($250 max)
5-12.5%
10-15%
10%
7.5 - 20%
10%

This commission percentage is paid 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 this 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.  For detailed information on Contingent Commission, please go to the individual company’s website.  

From time to time Insurance Protection Group will secure financing from our insurance companies to expand our business.  At present we have a loan with ING Insurance Company of Canada.

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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