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Commission Disclosure

At Surex, we facilitate the placement of insurance products and services on your behalf with the top insurance companies in Canada. As an insurance marketplace, we confidently find the most efficient way to deliver the best insurance products at an affordable price.

By combining great online tools with a dedicated insurance advisor, we can help you secure the best value for your needs by shopping around and bringing together the right coverage, service and price. When issues arise, our dedicated insurance advisors are your advocate, armed with their professional experience to best represent your individual interests under the terms of the insurance you choose.

We want to be transparent with you and let you know that the brokerage compensation is part of your insurance premium. We have separate commission agreements with each insurance company we represent. This is similar to how it works with any other brokerage in Canada. These commissions are paid annually both for new business and renewals and are no additional cost to you. The list below outlines these companies along with the range of the commission percentage we receive.

There may be a policy fee applied for ‘unique’ policies where it is determined there is a limited or no commission based scope of work. This policy fee could range based on the policy type and/or premium along with exposure involved to us. Please note this policy fee, at all times, would be disclosed separately over and above the premium, to the customer both verbally and on a customer statement.

Insurer

Commission Range

Insurer

Commission Range

Agile Underwriters

12.5% - 20%

Intact*

10% - 20%

April Canada

15% - 17.5%

Jevco

5% - 12.5%

Auto Glass Maintenance

12.5% - 15%

Milnco Insurance

15% - 20%

Aviva*

12.5% - 20%

Nordic

7.5% - 12.5%

Burns & Wilcox

10% - 20%

Pafco*

10% - 12.5%

CAA

12.5% - 20%

Pembridge Insurance*

10% - 20%

Cambrian Special Risk

15% - 20%

Premier Marine

15%

Coachman Insurance Company

10% - 12.5%

SGI Canada*

10% - 20%

Definity/Economical*

7.5% - 20%

Special Risk

10% - 15%

Elite Insurance Company

12.5% - 20%

Sports & Fitness Insurance Canada

10% - 20%

Gore Mutual*

10% - 20%

Travelers*

10% - 20%

Hagerty

12.5%

Wawanesa*

12.5% - 20%

The insurance companies indicated with an asterisk (*) on the list above pay 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. Contingent Profit Commission is not guaranteed income to the brokerage. For further information, you may go to the various insurance company websites. The insurance companies also post the Code of Consumer Rights and Responsibilities on their websites.

Surex 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. We simply shop around to compare and find the best coverage and price among the carriers we represent.

Pembridge/Pafco/Gore Portfolio

Intact has agreed to provide Surex with small additional compensation which is intended to assist in the cost of this replacement process.  We want to emphasize that this additional payment to Surex is not a factor in our selection of a replacement insurer for your policy, as we will never place our interests above those of our clients. Our choice of replacement insurers is based only on providing the best possible outcome for our clients.

On the transfer of our Pembridge/Pafco/Gore book of business effective January 1, 2024, we have in place the following override commission agreement:

Intact 2% – 15% additional commission on first year

RIBO Disclosure

As an independent insurance broker, we adhere to the direction provided by The Registered Insurance Brokers of Ontario (RIBO). RIBO regulates the licensing, ethical conduct and professional competence of insurance brokers who provide services for customers in Ontario.

As part of our commitment to you, we believe transparency is key. All RIBO licensees are required to provide customers with access to two explanatory documents – Principles of Conduct for Insurance Intermediaries and About Your Registered Insurance Broker. Combined, these resources outline expectations around how we operate as a brokerage, and the kind of professional behaviour and support you can expect to receive from your dedicated insurance advisor.

Please take the time to review these documents to better understand how we work with you and our insurance partners.

If you have any questions about these documents, please contact your Advisor or visit RIBO's website for more information: www.ribo.com/information-for-consumers

Thank you.
We appreciate your business!

Commission Disclosure

At Surex, we facilitate the placement of insurance products and services on your behalf with the top insurance companies in Canada. As an insurance marketplace, we confidently find the most efficient way to deliver the best insurance products at an affordable price.

By combining great online tools with a dedicated insurance advisor, we can help you secure the best value for your needs by shopping around and bringing together the right coverage, service and price. When issues arise, our dedicated insurance advisors are your advocate, armed with their professional experience to best represent your individual interests under the terms of the insurance you choose.

We want to be transparent with you and let you know that the brokerage compensation is part of your insurance premium. We have separate commission agreements with each insurance company we represent. This is similar to how it works with any other brokerage in Canada. These commissions are paid annually both for new business and renewals and are no additional cost to you. The list below outlines these companies along with the range of the commission percentage we receive.

There may be a policy fee applied for ‘unique’ policies where it is determined there is a limited or no commission based scope of work. This policy fee could range based on the policy type and/or premium along with exposure involved to us. Please note this policy fee, at all times, would be disclosed separately over and above the premium, to the customer both verbally and on a customer statement.

Insurer

Commmission
Range

Agile Underwriters

12.5% - 20%

April Canada

15% - 17.5%

Auto Glass Maintenance

12.5% - 15%

Aviva*

12.5% - 20%

Burns & Wilcox

10% - 20%

CAA

12.5% - 20%

Cambrian 
Special Risk

15% - 20%

Coachman 
Insurance Company

10% - 12.5%

Definity/Economical* 

7.5% - 20%

Elite 
Insurance Company

12.5% - 20%

Gore Mutual*

10% - 20%

Hagerty

12.5%

Intact*

10% - 20%

Jevco

5% - 12.5%

Milnco Insurance

15% - 20%

Nordic

7.5% - 12.5%

Pafco*

10% - 12.5%

Pembridge 
Insurance*

10% - 20%

Premier Marine

15%

SGI Canada*

10% - 20%

Special Risk 

10% - 15%

Sports & Fitness 
Insurance Canada

10% - 20%

Travelers*

10% - 20%

Wawanesa*

12.5% - 20%

The insurance companies indicated with an asterisk (*) on the list above pay 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. Contingent Profit Commission is not guaranteed income to the brokerage. For further information, you may go to the various insurance company websites. The insurance companies also post the Code of Consumer Rights and Responsibilities on their websites.

Surex 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. We simply shop around to compare and find the best coverage and price among the carriers we represent.

Pembridge/Pafco/Gore Portfolio

Intact has agreed to provide Surex with a small additional compensation which is intended to assist in the cost of this replacement process. We want to emphasize that this additional payment to Surex is not a factor in our selection of a replacement insurer for your policy, as we will never place our interests above those of our clients. Our choice of replacement insurers is based only on providing the best possible outcome for our clients. 

On the transfer of our Pembridge/Pafco/Gore book of business effective January 1, 2024, we have in place the following override commission agreement:

Intact 2%-15% additional commission on the first year. 

RIBO Disclosure

As an independent insurance broker, we adhere to the direction provided by The Registered Insurance Brokers of Ontario (RIBO). RIBO regulates the licensing, ethical conduct and professional competence of insurance brokers who provide services for customers in Ontario.

As part of our commitment to you, we believe transparency is key. All RIBO licensees are required to provide customers with access to two explanatory documents – Principles of Conduct for Insurance Intermediaries and About Your Registered Insurance Broker. Combined, these resources outline expectations around how we operate as a brokerage, and the kind of professional behaviour and support you can expect to receive from your dedicated insurance advisor.

Please take the time to review these documents to better understand how we work with you and our insurance partners.

If you have any questions about these documents, please contact your Advisor or visit RIBO's website for more information: www.ribo.com/information-for-consumers

Thank you.
We appreciate your business!

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