Brokerage Compensation 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. The Insurance Brokers Association of Ontario in combination with the Registered Insurance Brokers of Ontario have deemed it necessary for us to explain the way in which we are compensated. Below are the insurers that we represent and the range of compensation each provides as a percentage of your overall premium.

Dominion of Canada General Insurance20%10% – 12.5%
Economical Insurance20%10% – 12.5%
Gore Mutual Insurance20%10% – 12.5%
ING Insurance20%10% – 12.5%
Portage Mutual Insurance20%10% – 12.5%

This commission 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.

Any of the above insurers may pay our brokerage a Contingent Profit Commission or Profit Sharing. Payment of this Contingent Commission may depend on a combination of growth, profitability, volume, mix of business, retention and increased services that we provide on behalf of the insurer. Contingent Commission is not guaranteed and is not tide to any single account. 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 that 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.

Jeff Reuter

Reuter & Reilly Insurance Brokers (Welland) Ltd.

Insurance Brokers Association of Ontario –

Registered Insurance Brokers of Ontario –