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Disclosure

OUR BROKER COMPENSATION

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.

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. 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.

Auto All Other Lines of Business
Aviva Company Inc.  * 7.5% – 12.5% 15-27.5%
Chieftain Insurance Company 12.5% 20%
Chubb Insurance Company 10% 15% – 20%
Economical Mutual Insurance Co. * 7.5% – 12.5% 15% – 20%
Elite Insurance Company 12.5% Not Written
Gore Mutual Insurance Company 12.5% 15%-20%
The Guarantee Company Not Written 15% – 27.5%
INTACT Insurance Company * 7.5% – 12.5% 15% – 27.5%
Jevco Insurance Company 10% – 12.5% Not Written
Lloyds of London Not Written 10% – 25%
Nordic Insurance Co. ** 7.5% – 11% Not Written
Northbridge Insurance Not Written 15% – 20%
Pafco Insurance Co. * 10% – 12.5% Not Written
Pembridge Insurance Co. * 10% – 12.5% 20%
RSA Insurance Group * 7.5% – 12.5% 15% – 20%
Travelers Insurance Company 7.5%-12.5% 7.5% – 27.5%
Trisura Guarantee Insurance Co. Not Written 27%
Unica Insurance Company 12.5% 15%-20%
Zurich Insurance Co. * Not Written 15% – 27.5%


This commission percentage is paid annually for both new business and renewals.
**commission is capped at $250.00 for personal automobile insurance

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.

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.

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.

Lyon & Butler Insurance Brokers Ltd.

Ray Arndt

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