Disclosure Statement
Commission Disclosure
Disclosure Statement
Verdant Insurance is proud to be your chosen insurance broker. We are dedicated to helping you find the right insurance products and services that best suit your needs based on coverage, value, and price. Our professional services include personalized insurance advice, ongoing policy management, claims assistance, and client representation.
Our brokerage compensation is included in your annual insurance premium and is paid by your insurance company as a percentage commission. The commission applies to both new and renewing policies and is based on a percentage range that varies based on the product purchased. Below is a list of the property and casualty insurance companies that we represent.
Verdant Insurance Inc. is an independent and privately owned company with no affiliation or ownership ties to any insurance company or financial institution. Our recommendations to you are based solely on your needs and the best available coverage options.
We maintain strong relationships with high-quality insurers by providing the type of business they desire. Some of these insurers, marked with an asterisk, reward our efforts through a contingent commission contract. This commission is not guaranteed and is based on factors such as growth, profitability, volume, retention, and additional services we provide for the insurer. The commission is reviewed annually for our entire portfolio of business with that insurer and not on individual policies. Please visit your insurance company's website for more information on the contingent commission.
Occasionally, our insurers may offer sales contests or invite us to exclusive sales conventions, but this does not affect our recommendations to you, which are based solely on your needs and the best available coverage options.
If any changes to our commission schedule or any other compensation agreements may impact our compensation, we will inform you. Similarly, if there are any changes to our ownership or financing that may create potential conflicts of interest, we will notify you.
Your insurance company will provide you with a Customer Code of Rights and Responsibilities, which will be sent to you with your policy. If you have any questions regarding this or any other aspect of your insurance, please feel free to reach out to us
| Company | Personal Auto | Personal Property | Commercial Auto | Commercial Property | |
|---|---|---|---|---|---|
| Aviva/Scottish & York* | 7.5% to 12.5% | 20% to 22% | 7.5% to 12.5% | 20% | |
| CAA* | 10% to 12.5% | 20% | N/A | N/A | |
| Chieftain | 10% to 12.5% | 20% | N/A | N/A | |
| Coachman | 5% to 12.5% | N/A | N/A | N/A | |
| Echelon | 5% to 12.5% | N/A | 5% to 12.5% | N/A | |
| Economical* | 5% to 12.5% | 20% | 5% to 12.5% | 20% | |
| Gore Mutual | 10% to 12.5% | 20% | 10% to 12.5% | 20% | |
| Intact* | 10% to 12.5% | 20% | 10% to 12.5% | 20% | |
| Jevco* | 5% to 12.5% | N/A | N/A | N/A | |
| Nordic | 10% to Max $300 | N/A | N/A | N/A | |
| Pafco | 5% to 12.5% | N/A | N/A | N/A | |
| Pembridge* | 10% to 12.5% | 20% | N/A | N/A | |
| SGI* | 10% to 12.5% | 20% | 10% to 12.5% | 15% to 20% | |
| Travelers Canada* | 10% to 12.5% | 20% | 10% to 12.5% | 15% to 20% | |
| Unica* | 10% to 12.5% | 20% | 10% to 12.5% | 15% to 20% | |
| Wawanesa* | 10% to 12.5% | 20% | 10% to 12.5% | 15% to 20% |