OUR BROKER COMPENSATION

As your independent Insurance Brokers, 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 the insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.

 Companies   Intact*  Western*  Wawanesa*  RSA*   Nordic 
 Policy Group          
 1)Personal Auto   10-12.5%  10-12.5%  10-12.5%     -    $250  
 2) Personal Property 20 %     20 %    20 %    20 %    n/a
 3) Comm - Auto  12 %    -  12.5 %  12.5%  10%  
 4) Comm - Property  20 %     -   20%   20%  -
 5) Jevco / Premier Marine / CBUS / Aviva / Genmark / Guarantee } 6-15%  

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 (i.e. profit) commission contract. Payment of this contingent (profit) commission may depend on a combination of growth, profitability (i.e. loss ratio), volume, retention and increased services that we provide on behalf of the insurer. Contingent (profit) commission is not guaranteed. For detailed information on contingent commission, please go to the individual company’s website.

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.

Sincerely,

Tailored Insurance Services Inc

Gary J. Spry, C.I.P., C.A.I.B

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Thank you for visiting Tailored Insurance Services Inc.

Unfortunately, due to Covid-19 we ask that all visits to the office be on appointment basis or that you call in advance so we can adequately prepare for your visit.

Giving the Ontario Governments recent Lockdown protocols we will not be accepting visits and may introduce reduced office hours to accommodate our staff during these troubling times.

We appreciate your trust in us and we hope you all a safe and happy New Year.