Broker Disclosure

Last updated: November 3, 2023

Thank you for choosing Northern Insurance Brokers Inc. as your insurance broker. Our goal is to provide you with professional insurance advice, ongoing policy reviews and claims support. It’s our role as your broker to represent your interest and manage your risks, whether personal or commercial.

As a consumer, we know that you have many options available to you regarding insurance. For this, we’re grateful that you have placed your trust and faith in us to advocate on your behalf.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below the Insurers that we represent, along with the corresponding commission compensation.

Algoma Mutual Insurance Company * 10 – 20
Aviva Canada Inc. * 10 – 20
Aviva Elite * 12.5 – 20
Chieftain Insurance * 12.5 – 20
Coachman Insurance Company * 12.5
Echelon General Insurance Company * 12.5 – 15
Gore Mutual Insurance Company * 10 – 20
Hagerty Canada, LLC 12.5
Intact Insurance Company * 10 – 20
Jevco Insurance Company * 5 – 12.5
Northbridge General Insurance Corporation * 10 – 20
Novex Insurance Company * 10 – 17.5
Pacific Marine Underwriting Managers Ltd. * 20
SGI Canada * 12.5 – 20
The Dominion of Canada General Insurance Company * 10 – 20
The Wawanesa Mutual Insurance Company * 10 – 20
Travelers Insurance Company of Canada * 10 – 20

*    Insurers also recognize our efforts through a Contingent (Profit) Commission contract (CPC). Payment of this CPC 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 with that Insurer and not on individual policies. Either way, CPC is not guaranteed. From time to time, our Insurers may offer sales contests, assistance with marketing and, on occasion, invitations to sales conferences. We encourage you to review the insurance industry’s commitments and individual companies by consulting their respective websites.

**   Commission or fee, as mandated by the facility association.

Note: The commission levels indicated above are correct as of the date posted. Any changes to these commission levels will be amended accordingly. When it’s in our client’s best interest, we may also arrange coverage through specialty intermediaries not listed above. These intermediates also pay a commission typically at a rate equal to or lower than the rates indicated above. In some cases, we may charge a fee over and above the commission paid or in lieu of commission. Either way, we always disclose our total compensation. To maintain strong relationships with quality Insurers, we work with each to provide the type of business they desire.

Over the years, we’ve partnered with various Insurers to grow our business. Partnerships take multiple forms, i.e., loans for acquisitions and or marketing dollars for advertising campaigns. In the interest of transparency, Equisure Financial Network Inc., an affiliate of Intact Insurance Company, has a minority ownership interest in our brokerage. As well, we currently have interest-bearing financing at market rates provided by 9289-3932 Quebec Inc., an affiliate of Intact Insurance Company.

The acquisition of other brokerages is a strategy that has worked well for Northern Insurance Brokers Inc. given it has allowed us to grow our business and employ additional staff. Going forward, we expect that we will utilize further financing for additional acquisitions as required.