Broker affiliation and compensation.
To our customers,
Thank you for your business.
We're a privately owned insurance brokerage with no financial affiliation to any individual insurance company.
The brokerage is compensated in two ways:
For the underwriting and administration work, efforts and expenses borne by us, a base commission of 9-20% of the premium is paid by the insurance company.
A contingent commission may also be paid to DirectRate.ca if an insurance company represented by us achieves certain underwriting results.
The methodology for calculating the payment varies by insurance company but, in general, the contingent commission, if paid, ranges from 0.25% to 2.2% of the premium that Direct Rate Insurance Services Inc. produces for that insurance company.
We represent the following insurers:
Aviva Canada Inc.
Chieftain Insurance | Travelers
Elite Insurance Company | Aviva
Pafco Insurance Company
Pembridge Insurance Company
Royal & Sun Alliance Insurance Company of Canada Inc.
Zenith Insurance Company | Northbridge
Please note that your insurance company will be providing you with a Consumer Code of Rights and Responsibilities.
It will be forwarded to you with your policy.
If you have any questions regarding the above or any aspect of your insurance please contact us at:
Direct Rate Insurance Services Inc.
P.O. Box 489, Station A