OUR BROKER COMPENSATION
(Commercial)

We are proud to advise that we are truly your Independent Insurance Broker. No Insurance company has any ownership or loans to or guarantees issued to Adriatic. We purchase insurance products and services on your behalf that are available, and affordable. We thank you for your business.

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 commercial insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.

  • AVIVA Insurance Company of Canada 7.5% to 20%
  • DOMINION of Canada General Insurance Company 10% to 20%
  • ECONOMICAL Mutual Insurance Company 10% to 20%
  • GUARANTEE Company of North America 10% to 20%
  • INTACT Insurance Company 7.5% to 20%
  • LLOYDS Coverholder 15% to 20%
  • NORTHBRIDGE Insurance 7.5% to 20%
  • SOVEREIGN General Insurance Company 10% to 22.5%
  • TRAVELERS Insurance Company of Canada 15% to 20%
  • WAWANESA Mutual Insurance Company 7.5% to 20%
  • ZURICH Insurance Company 7.5% to 20%
  • Facility (Royal) 7.5% to 12.5%

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

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 and/or sales incentives. 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.

Your insurer will be providing you with a Consumer code of Rights and Responsibilities which will be forwarded to you with your new or renewal policy. If you have any questions regarding this or any other aspect of your insurance, please contact us.

OUR BROKER COMPENSATION
(Personal)

We are proud to advise that we are truly your Independent Insurance Broker. No Financial Planning Insurance company has any ownership or loans to or guarantees issued to Adriatic.

We purchase insurance products and services on your behalf that are available, and affordable. We thank you for your business.

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 Automobile and Homeowner insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.

  • AVIVA Insurance Company of Canada 7% to 24%
  • CHUBBB Insurance Company of Canada 10% to 20%
  • The DOMINION of Canada
    General Insurance Company 10% to 20%
  • ECONOMICAL Mutual Insurance Compnay 10% to 20%
  • INTACT Insurance Company 10% to 20%
  • JEVCO Insurance Company 7.5% to 20%
  • PERTH Insurance Company 10% to 20%
  • WAWANESA Mutual Insurance Company 10% to 25%
  • Facility (Royal) 7.5% to 12.5%
    (subject to personal maximum of $250)

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 to provide the type of business they desire. The insurers with an asterisk noted above recognize our efforts through a contingent (profit) commission contract and/or sales incentives..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.

Your insurer will be providing you with a Consumer Code of Rights and Responsibilities which will be forwarded to you with your new or renewal policy. If you have any questions regarding this or any other aspect of your insurance, please contact us.