To Clients of St. Clair Insurance Inc.

OUR BROKER COMPENSATION

As your Independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable and understandable. We represent over 20 markets, including Canada’s leading insurers, allowing us to shop the market to find the best solution for your specific insurance needs. We also provide personalized 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. Your insurance premium may also contain premium taxes that are paid to the government, which are not shown on your policy declaration.

Please be advised that as of August 2017, our brokerage has a loan that is guaranteed by Gore Mutual Insurance Company. This loan was used to expand our business and does not influence our advice or recommendations to our customers in any way. Gore Mutual Insurance Company is our parent Company as well as one of the insurance companies that we represent. We want to confirm that this relationship has absolutely no impact on our decision to place your insurance with any one company.

The following is a listing of all the insurers we represent along with the range of compensation each provides as a percentage of your overall insurance premium.

Aviva*, Coachman, Echelon, Economical, Heartland, Kent & Essex, Gore Mutual*, Guarantee Company of North America, Intact*, Travellers, Trillium Mutual, Northbridge, RSA*, Wynward, Zurich – Commission Range – 12.5% – 20%. * With regard to the Gore Employee Group Program St. Clair Insurance receives 0% commission Specialty Insurance Markets – Commission Range – 10 – 20%

From time to time we may also participate in insurance company incentive programs. We confirm that any such incentive program has no impact on our decision to place your 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 noted above with an asterisk, recognize our efforts through a contingent profit contract. As the name implies, this is not guaranteed, rather it is dependent on a number of factors including, profitability, volume, growth and retention. Since the requisite factors are not uniform across all companies, please visit the individual company’s websites for information.

Your insurer will be providing you with a Consumer Code of Rights and Responsibilities, which 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.

 

Disclosure

While our advice and recommendations are not impacted, we want to advise you that we have a loan guaranteed by Gore Mutual Insurance Company that was used to expand our business. Gore Mutual is our parent company and is also one of the insurance companies we represent. We want to confirm that this relationship has no impact on our decision to place your insurance with any one company.