Broker Disclosure

Thank you for choosing Ensurco as your insurance broker. Our goal is to provide you with professional insurance advice, ongoing policy reviews and claims support.  It’s our role as your broker to represent your interest and manage your risks; whether personal, financial or commercial.      

As a consumer, we know that you have many options available to you when it comes to insurance.  For this reason and more, we’re grateful that you have placed your trust and faith in us to advocate on your behalf.  We will not let you down!  

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below the insurers that we represent, along with the product and the corresponding commission compensation.

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Note, the commission levels indicated above are correct as at the date posted.  Any changes to these commission levels will be amended accordingly.  When it’s in the best interest of our client, we may also arrange coverage through specialty intermediaries not listed above.  These intermediates also pay a commission typically at a rate equal to or lower than the rates indicated above.  In some cases we may charge a fee over and above the commission paid or in lieu of commission.  Either way, we always disclose our total compensation.  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 marked with an asterisk (*) above, recognize our efforts through a Contingent (Profit) Commission contract (CPC).  Payment of this CPC depends on a combination of growth, profitability, volume, retention and increased services that we provide on behalf of the insurer.  It is based on our entire portfolio with that insurer and not on individual policies.  Either way, CPC is not guaranteed.  From time to time,  our insurers may offer sales contests, assistance with marketing and on occasion, invitations to sales conferences.  We encourage you to review the commitments made by the insurance industry and individual companies by consulting their respective websites.  Over the years, we’ve partnered with various insurers to grow our business.  Partnerships take various forms ie:  loans for acquisitions and or marketing dollars for advertising campaigns. In the interest of transparency, Equisure Financial Network Inc., an affiliate of Intact Insurance Company, has a minority ownership interest in our brokerage.  As well, we currently have interest-bearing financing at market rates provided by 9289-3932 Quebec Inc., an affiliate of Intact Insurance Company.  The acquisition of other brokerages is a strategy that has worked well for Ensurco because it’s helped us build our business and employ our staff.  Going forward, we expect that they will be offered an opportunity to provide further financing for additional acquisitions as required.