Name of Company |
Compensation Range |
AIG Canada |
12.5 - 15% |
Aviva Insurance Company of Canada * |
7.5 - 20% |
Chubb Insurance Company of Canada * |
10 - 20% |
CNA Canada * |
10 - 20% |
Coast Underwriters Limited |
0 - 15% |
Definity Insurance Company * |
12.5 - 20% |
Elite Insurance * |
12.5 - 20% |
Gore Mutual Insurance Co. * |
12.5 - 20% |
Hagerty Canada (Aviva) * |
12.5% |
Intact Insurance Company * |
7 - 20% |
Jevco Insurance Company * |
5 - 12.5% |
Markel Canada Limited |
0 - 20% |
Nordic Facility (Flat Fee) |
0 - 10% |
Northbridge Insurance * |
12.5 - 20% |
Optimum Insurance Co. |
12.5 - 20% |
Pafco Insurance Co. (Pembridge) |
10 - 12.5% |
Pembridge Insurance Company * |
12.5 - 20% |
Technology Insurance Company |
0 - 10% |
The Boiler Inspection & Insurance Company |
0 - 20% |
Travelers Canada * |
12.5 - 25% |
Unica Insurance * |
12.5 - 20% |
Wawanesa Insurance Company * |
12.5 - 20% |
Zurich Insurance Company Ltd. * |
10 - 20% |
Managing General Agents (MGA) |
0 - 20% |
In addition to the Insurance Companies we represent under contract, as indicated above, Cornell Insurance
Brokers Ltd will place risks with Specialty Markets when it is our client’s best interest. In most cases,
these specialty markets provide compensation at a lower rate than the Insurers we represent. In some cases,
it may be necessary for us to charge a fee in lieu of, or in addition to the commission payable under the
insurance policy. In these cases we will disclose both the fee and any commission payable under the
insurance policy.
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 and asterisk (*) recognize our efforts through a Contingent
Commission contract. Payment of this Contingent Commission depends on a combination of profitability (loss
ratio) and/or growth (usually over a number of years) and/or increased services that we provide on behalf of
the Insurer.
In some instances, the occurrence of a few large losses on our book of business can disqualify us from
receiving a contingent payment for one or more years. For detailed information on Contingent Commission,
please go to the individual company’s website.
If you have any additional questions or require other information regarding any of the compensation received
by Cornell Insurance Brokers Ltd for any of its insurance brokerage services, please do not hesitate to
contact your account executive.
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