Commission Disclosure

Thank you for being our valued client. As your independent Insurance Broker, we purchase insurance products and services on your behalf from the leading insurance companies in Canada, allowing us the ability to offer you competitive pricing and the best coverages available.

Our insurance specialists ensure that your property is thoroughly evaluated, that recommendations for coverage are explained, and that you are safeguarded against loss. If something unforeseen occurs and you are forced to make a claim, we will always represent your best interests.

How do we get paid for the services we provide you?

For the services we provide to you, we receive a percentage of your insurance premium, as a commission, paid to us by your insurance company. The Insurance Brokers Association of Ontario in conjunction with the Registered Insurance Brokers of Ontario have deemed it necessary for us to explain the way in which we are compensated.

To demonstrate how Stewart Morrison Insurance determines its level of compensation, we’ve listed below the insurers we represent and the range of compensation each provides as a percentage of your overall premium.

Company Auto Property/Liability
Abex 15% 15%
Allianz Global Assistance - 30%
*Aviva 12.5% 12.5% - 20%
*Aviva Elite 12.5% 20%-22%
*Aviva Ovation 13.5% 12.5% - 15%
Burns & Wilcox - 10%
Canada Broker Link - 20%
Chieftain 12.5% 20%
Commonwell 10% - 12.5% 10%
Cowan - 15%
Creechurch - 15%
Eagle - 15%
Ecclesiastical - 15% - 20%
Echelon 12.5% - 13.5% -
Encon - 10% - 15%
Equine - 15%
Frank Cowan Company - 3.5% - 15%
Front Row - 7.5% - 10%
Game Day - 15%
Hagerty 12.5% -
Hub International - 10%
Intact 12.5% -
Jevco 12.5%- 13.5% -
Marsh - 10%
Nautimax - 20%
Northbridge 10% - 12.5% 10% - 20%
Novex 10% - 12.5% 12.5% - 20%
Oceanic - 15%
Optimum 12.5% 20%
Pacific Marine - 15%
Premier Marine - 15%
South Western Group - 10% - 15%
Special Risk Insurance Manager - 10% - 20%
The Guarantee Company 12.5% 15% - 20%
The Totten Group - 12.5%
*Travelers 12.5% 20%
Wawanesa 12.5% 20%
Western General 12.5% 10% - 20%
*The asterisks in the chart above denotes Insurers with whom we also have Contingent Profit Commission agreements. We may be eligible for this additional compensation, such as profit-sharing or prizes, if we meet certain requirements pertaining to volume, mix of business, retention and / or loss ratios. Contingent Profit Commissions are not guaranteed and plans vary widely from company to company.