Commercial Disclosure

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 that appears on your invoice.

In addition to the Insurance companies listed some insurers may from time to time place volume or mix of business restrictions on the broker limiting your choice of company ii) some insurers from time to time may have sales incentives and iii) we may use other wholesale managing general agents/brokers for non-standard property insurance and our compensation with them varies and can be in the form of either commission or fees.

Company Commission %
Affiliated FM 10-15
Allianz Insurance Company 10-15
AVIVA Insurance Company of Canada * 7.5-20
AXA Art Insurance 20
Berkley 10-15
Beazley 15-20
Burns & Wilcox 15-20
Boiler Inspection and Insurance 15-20
Cambrian Special Risks 15-20
CFC Underwriters (Lloyd's) 15-20
CHES Special Risks 15
Chubb Insurance 15-20
Chutter Underwriting Services 15
Complete Equity Markets (Lloyd's) 10
Encon 10-15
Everest 10-15
GAMEday Insurance 10-15
Global Aerospace 10-15
Great American Insurance Group 10-20
Guarantee Co. of North America 12-30
Intact * 10-20
Liberty International Canada 10-15
Lloyd's * # 10-25
Premier Canada 10-15
RSA Insurance 10-20
Southwestern Insurance 10-15
Totten Group 10-12.5
Travelers Insurance* 10-20
Trisura General Insurance 10-20
Wynward 15-20
XL Catlin* 10-15
Zurich 10-20

If your company is not listed, please contact us if you need to know our compensation.

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 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 few large losses on our book of business can disqualify us from receiving a contingent profit payment for one or more years.

For detailed information on Contingent Commission, please go to the individual company's website.

On occasion we charge broker fees for services such as policy fee, inspections fee, site visits, certificates of insurance, contract reviews, risk management or advice based services. These fees are disclosed and negotiated with client in advance.

As a Broker we must declare to our customers if we have any other financial links that could be considered a conflict of interest. We can confirm:
  • We do not have any direct or indirect ownership interest by an insurer or financial conglomerate
  • We have no loans, credit facility with any Insurance Company.
Some Lloyd's programs# are administered by Holman Insurance Brokers Ltd. We have engaged in a marketing process to offer a competitive product on a group basis with insurers but we have not acted as a broker for any individual customer. If for any reason, you, the customer are not satisfied, you may request a full refund within 14 days of purchase (provided you have not made a claim against the policy). Should your application not be accepted for whatever reason by the insurer, the information may be used by Holman to seek an alternative insurer if available.

Our disclosure commitments are made in the best interest of consumers. We encourage you to also consult the commitments made by the insurance industry and individual companies by consulting their websites or other available 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.

If you have any additional questions or require any information regarding any of the compensation received by Holman Insurance Brokers Ltd. for any of its insurance brokerage services, please do not hesitate to contact us or visit our website at

Rev Sept 2019

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