Skip to content

Compensation Disclosure

As an 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 advocates, using professional experience to best represent your individual interest.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below Commercial Insurers which we represent and have included the range of compensation each provides as a percentage of your overall premium.

Aviva* 12.5% to 20% Burns & Wilcox 7% to 20%
Cansure Underwriting 7% to 20% C N A* 15%
CFC 22.5% Chubb* 10% to 20%
Economical / Definity* 10% to 20% Northbridge* 10% to 20%
Peel Mutual* 10% to 20% Pembridge/PAFCO* 12.5% to 20%
SGI Canada* 10% to 20% Special Risk Insurance Managers 15% to 20%
Travelers* 10% to 20% Victor 15%
Wawanesa* 10% to 20% Facility 7.5 to 11%
Depending on risk,
may be capped at
$185 or $370.

This commission percentage is paid annually 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 relations 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 Insurer’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.

Our team of experienced professionals have the expertise and resources to handle all of your insurance needs. If you have any questions regarding this or any aspect of your insurance, please contact us.

We thank you for your business and appreciate the trust you have in us.

CCV Insurance & Financial Services Inc.