2845 Highway 6

Lion's Head, ON

Give us a call

Welcome to Davis & McLay Insurance Brokers

September 21, 2018

2845 Highway 6

Lion's Head, ON

Give us a call

Disclosures

Automotive Disclosure

As your independent insurance broker, we purchase insurance products and services that are affordable, understandable and available on your behalf. Our commitment to you, our customer, is to provide you with the best insurance value that combines coverage, service and price. Our personal, professional service will provide you with insurance advice, ongoing policy review and claims support that you require. When any issue arises regarding your insurance coverage, we are your advocate, using our experience to best represent your individual interest.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed the Automobile Insurers that we represent and included the range of compensation each provides as a percentage of your overall premium:

  • Echelon General Insurance 12.5% – 13.5%
  • Economical Insurance Group 7.5% – 12.5% *
  • Facility** (Royal) 5% – 11%
  • Germania Mutual Insurance 12.5%*
  • Gore Mutual 10% – 12.5% *
  • Intact 10% – 12.5% *
  • Jevco Insurance 10% – 15.0% *
  • Perth Insurance 10% – 12.5%
  • Trillium Mutual Insurance 10% – 12.5% *
  • Wawanesa Insurance 7.5% – 12.5%

**Commission is capped at $250.00

This commission percentage is paid annually for both new business and renewals. Should there be any changes in commission percentages or changes to the compensation arrangements made by your insuring company, we will notify you.

In order for us to maintain strong relationships with quality insurers, we work with each company 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 the Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent (Profit) Commission is not guaranteed. Detailed information on Contingent Commission can be obtained on the individual company’s website or by contacting our office. For your information, Davis & McLay Insurance Brokers Limited owns the common shares of our brokerage.

Your Insurer will be providing you with a Customer Code of Rights and Responsibilities that will be forwarded to you with your policy. If you have any questions regarding this or any other aspect of your insurance, please contact us.

Sincerely,

Davis & McLay Insurance Brokers Limited

Property Disclosure

As your independent insurance broker, we purchase insurance products and services that are affordable, understandable and available on your behalf. Our commitment to you, our customer, is to provide you with the best insurance value that combines coverage, service and price. Our personal, professional service will provide you with insurance advice, ongoing policy review and claims support that you require. When any issue arises regarding your insurance coverage, we are your advocate, using our experience to best represent your individual interest.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below Property Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium:

  • Economical Insurance Group 20% *
  • Germania Mutual Insurance Company 17.5% – 20%*
  • Gore Mutual 20% – 25% *
  • Intact 20% *
  • Perth Insurance 15%
  • Trillium Mutual Insurance 20% *
  • Wawanesa Insurance 20%
  • Totten Insurance Group 12.5%
  • Southwestern Insurance Group 10% – 15%

This commission percentage is paid annually for both new business and renewals. Should there be any changes in commission percentages or changes to the compensation arrangements made by your insuring company, we will notify you.

In order for us to maintain strong relationships with quality insurers, we work with each company to provide the type of business they desire. The Insurers with an asterisk (*) noted above recognize our efforts through a Contingent (Profit) Commission contract (Wawanesa Insurance contributes to a retirement pension plan). Payment of the Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent (Profit) Commission is not guaranteed. Detailed information on Contingent Commission can be obtained on the individual company’s website or by contacting our office.

Your Insurer will be providing you with a Customer Code of Rights and Responsibilities that will be forwarded to you with your policy. If you have any questions regarding this or any other aspect of your insurance, please contact us.

Sincerely,

Davis & McLay Insurance Brokers Limited

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