Disclosure
Thank you for placing your insurance through NFP Canada Corp. o/a Henry Equestrian. As your Independent Insurance Broker, we help you purchase insurance products and services 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 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 interests.
As a brokerage, we are compensated in a variety of ways including commission and contingency amounts paid by insurance companies and, in some cases, fees paid by clients or other third parties, such as premium financing firms. A breakdown of the different compensation methods can be found below.
Commission Income: Compensation from commission is part of your insurance premium and is paid to NFP by your insurance company. We have separate commission agreements with each insurance company we represent, and the amount we are paid varies by business line. See below for a list of the insurance companies NFP partners with and the range of compensation we receive. If you do not see your insurance company listed, please inquire about commission rates with your insurance advisor.
Contingency Income: For NFP Canada to maintain strong relationships with our insurance companies, we work with each of them to provide the type of business they deem desirable. The insurance companies indicated with an asterisk on the list below recognize our efforts through a Contingent Profit Commission contract. Payment may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on their behalf. It is called “contingent commission” because it is not guaranteed income to NFP. Given the complex criteria involved there is no way to determine the exact impact that any individual insurance policy could have on contingency commissions and individual employees involved in placing or servicing your insurance are not compensated directly for any contingent income received. Insurance companies may also from time to time provide NFP additional non-monetary benefits in the form of conference program attendance, goods and hospitality. For further information on Contingent Profit Commissions, you may go to the various insurance company websites. The insurance companies also post the Code of Consumer Rights and Responsibilities on their websites.
Fees paid by clients: For complex business insurance programs a fee may be negotiated for the placement of insurance coverage and additional services or products. These fees are presented up front in a proposal and approved in advance of binding coverage. On occasion, we may receive both commissions and client-paid fees for placing insurance, which would be disclosed in writing. For example, we may receive commission payments from the carrier as part of a client’s insurance premium and may receive a client-paid fee for additional services such as third-party administration of employee benefits or risk management.
Proudly independent: NFP Canada Corp. does not have any exclusive arrangements or loans which require us to place a specified portion of our business with one insurance company. Our independence allows us to always work in the best interests of our clients.
Conflicts of interest: NFP commits to avoiding conflicts of interest, and where a conflict cannot be avoided, to disclosing the conflict to our clients prior to binding of coverage.
Affiliations: NFP Canada Corp., an Aon owned company, is affiliated with NFP Management (Alberta) Corp., Group Force Benefits Inc., Mondelis Corporation, NFP Insurance Services Corp., CHES Special Risks Inc., and Northern Premium Financing Corp. through common ownership. Northern Premium Financing Corp. is a premium payment option available to some NFP Canada Corp. clients.
If you have any questions regarding our brokerage compensation or any other aspect of your insurance program, please do not hesitate to contact us.
INSURANCE COMPANIES AND COMPENSATION PERCENTAGES
Commissions are broken down by major lines of business (minor lines are included within the broader categories). Commissions are paid annually for both new policies and for 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. More information regarding commissions is available on each of the respective insurance company websites. While NFP regularly reviews our insurance partners, NFP does not guarantee the solvency of any underwriter with which you ultimately decide to place your business. We encourage our clients to review publicly available information.
* Insurance companies with whom we have contingent profit commission or other bonus arrangements
Insurance Company |
Personal Property |
Personal Automobile |
Commercial Automobile |
Commercial Property/Other |
|---|---|---|---|---|
AIG Canada |
10-20% |
|||
Allianz |
15% |
|||
Allied World Specialty |
15% |
|||
Arag |
20% |
|||
Arch Insurance |
5-20% |
|||
Atradius |
15-17.5% |
|||
AXIS Re |
10-20% |
|||
*Aviva Insurance Company |
15-20% |
10-12.5% |
7.5-12.5% |
10-25% |
Berkley Canada |
10-25% |
|||
Berkshire Hathaway Specialty Insurance |
10-25% |
|||
*CAA Insurance Company |
20% |
12.5-15.0% |
15-20% |
|
*Chubb Insurance Company |
15-20% |
10% |
12.5% |
10-20% |
Chieftain Insurance |
20% |
12.5% |
||
*CNA Insurance |
12.5% |
10-20% |
||
Coface North America |
15% |
|||
Ecclesiastical Insurance |
15-20% |
|||
*Echelon Insurance |
12.5-15% |
10-12.5% |
15-20% |
|
*Definity Financial (Economical) |
17.5-20% |
10-12.5% |
12.5% |
15-20% |
*Edge Mutual |
20% |
12.5% |
8-12.5% |
20% |
Euler Hermes Canada |
15-17.5% |
|||
Everest Insurance Company |
15-25% |
|||
FM Mutual |
15% |
|||
*Germania Mutual |
20% |
12.5% |
||
*Gore Mutual |
20% |
10-12.5% |
7.5-12.5% |
15-20% |
Great American |
20% |
|||
*Halwell Mutual |
20% |
10-12.5% |
12.5% |
20% |
*Howick Mutual |
20% |
12.5% |
12.5% |
20% |
HSB Canada |
15-20% |
|||
*Intact Financial Corporation |
20% |
10-12.5% |
10-12.5% |
15-32% |
Jevco Insurance |
8-15% |
|||
Liberty International Canada |
12.5% |
10-20% |
||
*Lloyd’s |
22.5-27% |
22.5-25% |
||
Markel Corporation |
15-25% |
|||
Munich Re |
20% |
|||
National Liability & Fire Insurance |
10-15% |
|||
*Northbridge Insurance Company |
20% |
10-12.5% |
7.5-12.5% |
7.5-30% |
Old Republic Insurance |
10% |
10% |
||
Optimum Group |
12.5% |
20% |
||
*Pafco Insurance Company |
20% |
10-12.5% |
||
*Peace Hills |
20% |
10-12.5% |
7.5-12.5% |
10-20% |
*Pembridge Insurance |
20% |
10-12.5% |
||
PURE Group |
10% |
|||
QBE Insurance Group |
18% |
|||
*SGI Canada/Coachman |
20% |
10-12.5% |
7.5-12.5% |
10-20% |
SSQ |
15% |
|||
Starr International Group |
12.5% |
15% |
||
The Nordic Insurance Co. (Facility Association) |
7.5-11% |
6-10% |
||
*The Sovereign General |
12.5% |
15-20% |
||
*Travelers Insurance Canada |
20% |
12.5-15% |
12.5% |
15-30% |
*The Wawanesa Mutual |
20% |
12.5% |
12.5% |
20% |
*Trisura Guarantee |
15-30% |
|||
*Unica Insurance |
15-20% |
12.5% |
12.5% |
15-20% |
United States Fire Insurance |
8-10% |
15% |
||
United States Liability (USLI) |
12.5-17.5% |
|||
W.R. Berkley Corporation |
15-20% |
|||
Western Surety |
28% |
|||
*Wynward Insurance Group |
20% |
|||
*Zurich Insurance Company |
10-12.5% |
12.5-30% |
||
Intact Public Entities Inc. |
10% |
10-15% |
||
Totten Insurance Group Inc. |
12.5-15% |
10% |
12.5-15% |
|
CFC Underwriting Ltd |
20-25% |
|||
Victor Insurance Managers Inc. |
10-20% |
|||
Beacon Underwriting Ltd. |
15% |
|||
Stewart Specialty Risk Underwriting Ltd. |
10% |
|||
Strategic Underwriting Managers Inc. |
12.5-15% |
|||
I3 Underwriting Managers Inc. |
15% |
|||
Alternative Risk Services o/b 3303128 Canada Inc. |
10-15% |
|||
Burns & Wilcox Canada, ULC |
12.5-15% |
10% |
15-20% |
10-15% |
Three Holdings Inc. |
12.5-15% |
12.5-15% |
Life, Group Benefits and Retirement Partners
- ACE INA Life Insurance
- AIG
- Advica Health
- Agile Benefits
- Akira
- Allianz Global Assistance
- Allstate Benefits
- Assumption Life
- Bank of Montreal
- Barrington Wealth Partners Inc.
- Benecaid
- Benefit Trust
- Benefits by Design
- Beneva Inc.
- Blue Cross
- Blue Cross AB
- Blue Cross Pacific
- Canada Life
- Canada Protection Plan Inc.
- Co-operators
- Common Wealth Pension Services Inc.
- Desjardins
- Edge Benefits
- Empire Life
- Equitable Life
- Equitable Life of Canada
- Foresters
- Green Shield
- Group Source
- HumanaCare
- Humania Assurance
- Industrial Alliance
- Ivari
- La Capitale
- Manulife Financial
- NAL Insurance
- Nexim Canada Inc.
- Pacific Life
- Pro Financial Services, LLC
- RBC Insurance
- RWAM
- SSQ Insurance
- Simply Benefits
- SunLife Financial
- Sutton Special Risk
- Victor
- Victor Insurance Managers Inc.
- Wawanesa Life
- Workplace Options