Notice to Our Clients About our Broker Compensation for Brokers Trust Insurance Group Inc.
First and foremost, we want to thank you for your business. As your independent insurance broker, the Brokers Trust team purchases insurance products and services on your behalf that are available, affordable and understandable.
Our role is to provide each and every one of our clients with the best insurance solution that combines coverage, service and price. We also provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance and attentive claims support. When any issue arises regarding your insurance coverage, Brokers Trust is your advocate. Our team uses professional experience to best represent your individual interest.
Brokerage compensation is part of your insurance premium. For your benefit, we have listed below automobile insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.
|Aviva Insurance Company *||7.5% to 20%|
|Coachman Insurance *||7.5% to 20%|
|Chubb Insurance *||7.5% to 20%|
|Facility Insurance||12.5% to 20% or max $375|
|Hagerty Insurance *||12.5%|
|Jevco Insurance||5% to 20%|
|Travelers Insurance *||7.5% to 20%|
|Economical Mutual Insurance Company *||7.5% to 20%|
|Gore Mutual*||7.5% to 20%|
|Intact Insurance Company*||7.5% to 20%|
|Optimum Insurance *||7.5% to 20%|
|Pembridge Insurance||7.5% to 20%|
|RSA Group *||7.5% to 20%|
|SGI Insurance *||7.5% to 20%|
|Wawanesa Insurance *||7.5% to 20%|
This commission percentage is paid annually or semi-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.
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 refer 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 don’t hesitate to Contact Us.