Personal 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. "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 Automobile Property Personal Liability
Aviva* 10% to 12.5% 15% to 20% 15%
Chubb of Canada 10% to 12.5% 15% 15%
Facility (RSA) 7.5% to 11% Capped at $250.00 Do not write Do not write
Intact & Jevco Insurance * 10% to 12.5% 15% to 20% 15%
Lloyd’s* Do not write 15% to 25% 15% to 20%
Premier Canada Do not write 15% 15%
Travelers* (Dominion and Cheiftan) 10% - 12.5% 15% to 20% 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.

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 a no loans or credit facility with any insurance company.
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 www.holmanins.com

Rev Sept 2015

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