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Broker Disclosure

Insurance Company Rates of Commission

HOW WE ARE COMPENSATED FOR THE SERVICE WE PROVIDE

Brokerage compensation is part of your insurance premium. We have listed the insurance companies that we represent along with the range of compensation as a percentage of your overall premium. We will notify you should there be a change in the commission rate we receive from your insurance company.

Commercial Insurance

Commercial Insurance

Auto Insurance

10-12.5%

Property Insurance

10-20%

Casualty Insurance

15-20%

Bonds Insurance

20%

Property Insurance

15%

Casualty Insurance

15%

Property Insurance

15-20%

Property Insurance

10-20%

Auto Insurance

10%

Casualty Insurance

10-20%

Property Insurance

10-20%

Auto Insurance

10-12.5%

Casualty Insurance

10-20%

Property Insurance

10-20%

Auto Insurance

10-12.5%

Casualty Insurance

20%

Property Insurance

10%-20%

Auto Insurance

10%-12.5%

Casualty Insurance

15%-20%

Bonds Insurance

20%

Property Insurance

10-20%

Auto Insurance

10-12.5%

Casualty Insurance

20%

Property Insurance

20%

Auto Insurance

12.5%

Casualty Insurance

20%

Property Insurance

20%

Auto Insurance

12.5%

Casualty Insurance

20%

Auto Insurance

$200/vehicle cap. Up to 10% on certain vehicle classes.

*indicates Contingent Profit Commission agreement is in place

In addition to the above list of insurers, The Verge Insurance Group of companies also deals with many Managing General Agencies and Wholesale Brokers which provide access to different insurers through special programs and other agreements.

Insurance companies seek to maintain their profitability and thereby have competitive pricing to retain their current customers and attract new customers. Because of this, many insurers offer contingent profit commissions which are calculated separately from standard commissions to recognize business placed with the insurer that produces a profit. These arrangements are not directly attributable to individual accounts but reflect the pooled experience of all accounts with that insurance company. Contingent profit commission represents between 1-3% of written premium by The Verge Group.

The contingent profit commission is not a guaranteed amount. These amounts can and have been totally eliminated by one claim.
We believe that each and every one of our customers plays an important part in the success of our firm and deserves the highest quality of service, options and advice. We want to assure you that we review each individual account and have chosen your new insurer with your best interests in mind.

It would be a pleasure to answer any questions you may have or assist you with any policy changes. Please contact us at (905) 688-9170 to speak with your dedicated Personal Insurance Specialist Insurance Specialist.

Integrity. Competency. Empathy.

Meet The Team