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Disclosure Statement

ONTARIO REGULATION 410/04 DISCLOSURE STATEMENT

Regulations governing insurance brokers require that we make certain disclosures to you our clients and members of the public that we deal with. There is no direct or indirect ownership interest of any kind in our brokerage by an insurer or by us in an insurer.

We hold no common ownership of another brokerage or an insurer by a financial conglomerate or other holding company or group of companies. ICD Insurance Brokers Ltd. has loan facilities which are supported under ROINS Financial Services Limited. This agreement has no influences on the placement of insurance policies.
We have no financial or non-financial network affiliation.

We are brokers with multiple markets and do not have one market or exclusive contracts only. We are not under any volume or mix of business requirements. We have and will have various contractual relationships with various carriers from time to time, which may include the carrier we have placed you with, who provide for payment of contingent commissions. In order for us to maintain strong relationships with quality insurers we work with each to provide the type of business they desire. Payment of this contingent commission depends on a combination of growth, profitability, volume, retention and increased services that we provide on behalf of the insurer. It is based on our entire portfolio of business with that insurer and not on individual policies. Contingent commission is not guaranteed.

On occasion, some of our insurers will over incentive programs to encourage us to submit more new business, however, we maintain our principal to place clients coverage with the insurers who best suits their needs regardless of these incentives. Brokerage compensation is part of your insurance premium.

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

 
Aviva Insurance *

 

 
12.5% - 25% based online type

 

 
Intact  Insurance *

 

 
12.5% - 20% based on line type

 

 
Chieftain Insurance*

 

 
12.5% - 20% based on line type

 

 
Chubb Insurance

 

 
12.5% - 20% based on line type

 

 
Travelers*

 

 
12.5% - 20% based on line type

 

 
Economical Insurance Group*

 

 
12.5% - 20% based on line type

 

 
Ecclesiastical Insurance Office Group

 

 
15% - 20% based on line type

 

 
Jevco General Insurance

 

 
5% - 20 % based on line type

 

 
Perth Insurance

 

 
12.5% - 20% based on line type

 

 
Royal and Sun Alliance*

 

 
12.5% - 20% based on line type

 

 
Royal and Sun Alliance Facility

 

 
7.5 % capped at $250.00 for personal auto

 

 
Heartland Mutual*

 

 
12.5% - 20% based on line type

 

 
Unica*

 

 
12.5% - 20% based on line type