We always provide our services with your best interest in mind. As part of that goal, we want to be completely transparent about our company structure and how we are paid. Read our disclosures below for more information.
Brand InSureU comprises InSureU! Brokers Inc. a Registered Insurance Brokers of Ontario (RIBO) licensed brokerage distributing Property and Casualty Insurance Products under the brand, and InSureU! Insurance & Investments Solutions Inc., a licensed corporation administered by Financial Services Regulatory Authority of Ontario (FSRA), distributing Insurance products in Life, Health, Disability, Group, Registered Investments etc.
As your 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 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. The Insurance Brokers Association of Ontario in combination with the Registered Insurance Brokers of Ontario have deemed it necessary for us to explain the way in which we are compensated. For your information, we have listed below the standard range of compensation by line of coverage which varies by insurer as a percentage of the overall premium, please note, if your account is on a fee-for-service / net of commission based compensation arrangement, the below does not apply:
Commercial Property / Boiler & Machinery 10%-20%
Commercial Automobile 7.5%-12.5%
Commercial General Liability 10%-20%
Fidelity / Crime 10%-20%
Umbrella / Excess Liability 7.5%-15%
Professional Liability 10%-15%
Management Liability 10%-17.5%
Ocean Marine / Cargo 10%-20%
This commission 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.
Any of the above insurers may pay our brokerage a Contingent Profit Commission or Profit Sharing. Payment of this Contingent Commission may depend on a combination of growth, profitability, volume, mix of business, retention and increased services that we provide on behalf of the insurer. Contingent Commission is not guaranteed and is not tide to any single account. 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 that will be forwarded to you with your new business policy. If you have any questions regarding this or any other aspect of your insurance please contact us.
Our firm is privately owned, and completely independent. There is no direct or indirect ownership interest by any Insurance Company or financial institution, nor any loan or financial guarantee. We confirm that there are no conflicts of interest in our relationship with you, and that our overall recommendations to you are based on our understanding and assessment of your needs.