Broker Compensation Disclosure

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.  If 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.  AP Insurance Brokers Inc. is paid a commission or fee for our services to you. Fees are paid to AP Insurance Brokers Inc. by clients, in lieu of commission. Listed below are the names of the insurance companies we represent and the range of compensation each provides as a percentage of your overall premium.

Insurer Compensation
ABEX Affiliated Broker Exchange 0 – 20%
AM Fredericks 0 – 15%
April / April Marine Canada 0 – 20%
Aviva Canada ** 0 – 20%
Aviva Elite 0 – 20%
Burns and Wilcox Canada 0 – 15%
Travelers Essential ** 0 – 20%
Chubb Insurance 0 – 20%
Travelers Canada ** 0 – 20%
Economical Insurance ** 0 – 20%
Gore Mutual ** 0 – 20%
Heartland Farm Mutual ** 0 – 20%
Intact Insurance ** 0 – 20%
Jevco 0 – 20%
K & K Insurance Canada 0 – 20%
Markel Canada 0 – 20%
Nordique Insurance (Commercial Facility) 12.5%
Nordique Insurance (Personal Facility) Capped $250
Pacific Marine Underwriting Managers 0 – 20%
PAL Insurance Brokers Fee
Premier Group of Companies 0 – 15%
Southwestern Insurance Group 0 – 15%
Totten Group Insurance 0 – 15%
Victor Canada. 0 – 20%
Western General 0 – 20%

This commission percentage is paid annually for both new business and renewals.

Should there be a change in the commission schedule we receive from your insurer, or any other material change that affects compensation arrangements, we will update this disclosure accordingly.

In order for us to maintain strong relationships with insurance companies, we work with each to provide the type of business they desire.  The Insurance companies with an asterisk (**) noted above recognize our efforts through a Contingent (Profit) Commission (CPC) contract.  Payment of the CPC may depend on a combination of growth, profitability / (loss ratio), volume, retention and increased services that we provide on behalf of the Insurance Company.  CPC 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 that will be forwarded with your policy.  If you have any questions regarding this or any other aspect of your insurance, please contact us.

Thank you for Choosing AP Insurance Brokers Inc.