TO OUR CUSTOMERS – OUR 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 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.
Aviva Insurance* Intact Insurance* Peel Mutual*
CAA Insurance* Jevco Insurance Pembridge Insurance *
CanAm Insurance Markel Canada Ltd. Travelers Canada*
Chubb Insurance MAX Insurance Travelers Essential*
Commonwell Insurance Group* Northbridge Unica Insurance*
Definity Insurance* Optimum Insurance* Various MGA Underwriters
Facility (Nordic)** Pafco Insurance Wawanesa Insurance*
Gore Mutual* PAL Insurance Brokers Ltd. West Wawanosh Mutual*
Howick Mutual*
Personal Automobile 5-12.5% Personal Property 15-20% Marine 15-20%
Commercial Automobile 5-12.5% Commercial Property 10-25% Crime/Fidelity 10-25%
Commercial Liability 10-25% Surety 15-25%
**commission is capped at $370.00, no cap for classes 33-36,41-49,54,55,81-89,91.
This commission percentage is paid annually for both new and renewal business.
In order for us to maintain strong relationships with quality insurers, we work with each company to provide the type of business they desire. The Insurers, with a noted asterisk, 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 the 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 new policy. If you have any questions regarding this or any other aspect of your insurance, please contact our office:
MOLLER INSURANCE LTD.
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1-70 Innovator Avenue 496 2nd Avenue East
Stouffville, ON Owen Sound, ON
L4A 0Y2 N4K 2G4
(905) 642-2745 (519) 371-8050