Brokerage Compensation Disclosure


Thank you for your business. As your Independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable, and understandable.

Multirisk Insurance Brokers is a truly Independent Broker. Unlike some brokerages no insurance company has any financial interest in the ownership of Multirisk

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 advocates, using our professional experience to best represent your individual interest.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below the majority of the Insurers that we represent and have included the range of compensation each provides as a percentage of the overall premium.

  • Aviva Canada 0-20% *
  • AM Fredericks 0-15%
  • Atlantic Marine 0-15%
  • Boiler Inspection 0-20%*
  • Chieftain 0-12.5% *
  • Chubb 0-20%
  • Coast Underwriters 0-15%
  • Cowan Dalton 0-15%
  • Creechurch 0-15%
  • Dominion of Canada 0-20%
  • Economical Mutual 0-20% *
  • Elliott Special Risks 0-12.5%
  • EMC Underwriting 0-15%
  • Encon 0-15%
  • Frank Cowan 0-20%
  • Genmark 0-15%
  • Intact Insurance Company 0-20%
  • Jevco 0-12.5%
  • RSA Facility Fee Capped $250
  • PAL Insurance 0-10%
  • Premier Marine 0-15%
  • Southwestern Insurance 0-15%
  • Travellers 0-9.6%
  • Totten Group 0-15%
  • Unica 0-20%
  • RSA Insurance 0-20%
  • Wholesale Group 0-15%
  • Zurich 0-20%

Should there be a change in the commission schedule we received from your insurer, or, any other material change that affects compensation arrangements, we will update this disclosure accordingly.

This commission percentage is paid annually for both new business and renewals.

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 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 go to the individual Company’s website.

If you have any questions regarding this or any other aspect of your insurance please contact us.