We appreciate 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 both the Personal Automobile and Personal Property Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium:

ACE INA Insurance Company 12.5% 20%
AVIVA Insurance Company 10% - 12.5% 20%
AVIVA Elite Ins. 10% - 12.5% 20%
AVIVA Pilot Ins. 10% - 12.5% 20%
AXA Insurance Company 10% - 12.5% 20%
Chartis Insurance Company 10% - 12.5% 20%
Chieftain Insurance Company 10% - 12.5% 20%
Chubb Insurance Company 10% 20%
Coachman Insurance Company 10% - 12.5% 20%
Dominion of Canada General Insurance 10% - 12.5% 20%
Echelon Insurance Company 10%-12.5% 20%
Economical Insurance Company 10%-12.5% 20%
INTACT Insurance Company 10%-12.5% 20%
Jevco Insurance Company 10%-12.5% 20%
Kingsway General Insurance Company 10% 20%
Optimum Insurance Company 10% - 12.5% 20%
PAFCO Insurance Company 10% - 12.5% 20%
Perth Insurance Company 10% - 12.5% 20%
RSA Insurance Company 10% - 12.5% 20%
Sovereign General Ins. Co. 7.5% - 12.5% 20%
Travelers - St. Paul Fire & Marine 10% - 12.5% 20%
Traders Insurance 10% - 12.5% 20%
Waterloo Insurance 10% - 12.5% 20%
Wawanesa Mutal Insurance Company 10% - 12.5% 20%
York Fire Insurance Co. 10% - 12.5% 20%
Zurich Insurance Company 10% - 12.5% 20%

This commission percentage is paid annually for both new business and renewals. 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 we provide on behalf of the Insurer. Contingent (Profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go the individual Insurance Company website.

Financial links that could be considered a conflict of interest:

NONE - Sound Insurance is completely independent and working for you.

If you have any questions regarding this or any other aspects of your insurance please contact us.