/ Disclosure

Disclosure

How we get Paid

If you are a client with one of our Ontario locations, please read How We Get Paid – Ontario.

If you purchased your policy as a client of Westland Express Insurance Services in any other province, please read  How We Get Paid – Westland Express.

Our compensation is included in your insurance premium. For the services that we provide, we primarily receive commissions and contingency amounts paid by insurance companies or other insurance intermediaries. Where agreed in advance, we may also be compensated by specific service fees paid by clients or third parties.

Commission – Commission is normally calculated as a percentage of the premium paid to the insurer. The insurer pays us the commission amount for the services that we provide to you. Our commission is included in the premium that you pay.

Contingency Amounts – Contingent commissions are typically based on the total premium volume placed with an insurer with payment to the broker contingent on a predefined ratio of claims paid to premium volume. Some insurers may include eligibility criteria such as premium growth or retention. Not all markets include contingent commissions. It is important to note that contingent commissions are not paid at the account or policy level.

Fees Paid by Clients – On occasion, with more complex business insurance programs requiring additional resources, products or services, a fee may be negotiated for additional services. Fees charged will be outlined in a proposal and approved by the client in advance.

Other Compensation and Benefits – We may receive compensation or other monetary benefits from insurers in other ways, including participation in promotions, sales incentives to individual brokers such as nominal gift cards, financial support for marketing or employee training, interest paid to us by financial institutions earned on fiduciary or trust accounts in which we hold your premium payments until they are sent to the insurance company, and fees paid to us for additional services that we provide such as claims adjudication.

How we get paid – Ontario

Westland Express Insurance Services Limited is proud to ensure that you have the insurance portfolio and pricing that suits you best by sharing our insurance expertise and market access. We are available at your convenience to answer any questions you may have, make changes to your policies and to support you in the event of a claim.

Our compensation is included in your insurance premium. For the services that we provide, we primarily receive commissions and contingency amounts paid by insurance companies or other insurance intermediaries. Where agreed in advance, we may also be compensated by specific service fees paid by clients or third parties.

Commission – Commission is normally calculated as a percentage of the premium paid to the insurer. The insurer pays us the commission amount for the services that we provide to our clients. Our commission is included in the premium that you pay. It is paid to us on the effective date of the insurance policy.

Contingency Amounts – Contingent commissions are typically based on the total premium volume placed with an insurer with payment to the broker contingent on a predefined ratio of claims paid to premium volume placed. Some insurers may include eligibility criteria such as premium growth or retention. Not all markets include contingent commissions. It is important to note that contingent commissions are not paid at the account or policy level.

Fees Paid by Clients – On occasion, with more complex business insurance programs requiring additional resources, products or services, a fee may be negotiated for additional services. Fees charged will be outlined in a proposal and approved by the client in advance.

Other Compensation and Benefits – We may receive compensation or other monetary benefits from insurers in other ways, including participation in promotions, sales incentives to individual brokers such as nominal gift cards, financial support for marketing or employee training, interest paid to us by financial institutions earned on fiduciary or trust accounts in which we hold your premium payments until they are sent to the insurance company, and fees paid to us for additional services that we provide such as claims adjudication

How We Get Paid For Our Services

Insurance CompanyCompensation varies by Line of Business
AIG Insurance Company of Canada5 - 20%
Alliant Insurance Services (US)5 - 20%
Allianz Global Risks US Ins.7.5 - 20%
Approved Surety & Casualty Inc.10 - 25%
Arch Insurance (Canada)5 - 20%
Aviva Canada7.5 - 20%
AXA XL7.5 - 20%
Boiler Inspection Insurance10 - 25%
Brant Mutual Insurance7.5 - 20%
CAA Insurance7.5 - 20%
CAIM Ltd. (Canadian Aviation Insurance Managers)5 - 20%
Certain Underwriters at Lloyds5 - 25%
Chubb Insurance Solutions10 - 25%
Coachman Insurance Company10 - 20%
Dominion of Canada10 - 20%
Ecclesiastical Insurance7.5 - 20%
Economical10 - 25%
Edge Mutual Insurance Co.10 - 20%
Elite Insurance Company7.5 - 20%
Export Development Canada7.5 - 20%
Gore Mutual10 - 25%
Hagerty Canada, LLC7.5 - 20%
Halwell Mutual Insurance7.5 - 20%
Hartford Steam Boiler (US)7.5 - 20%
Heartland Farm Mutual Inc.7.5 - 20%
Intact Insurance10 - 30%
Intact Public Entities7.5 - 20%
Jevco Insurance Company / Intact7.5 - 20%
Markel Canada Limited7.5 - 20%
Old Republic Insurance Company7.5 - 20%
Optimum Insurance Co.7.5 - 20%
Optimum West Insurance Company7.5 - 20%
Optiom Inc7.5 - 20%
Pafco Insurance7.5 - 20%
Peace Hills7.5 - 20%
Pembridge Insurance7.5 - 20%
Perth Insurance5 - 20%
Portage Mutual10 - 20%
Red River Mutual10 - 25%
Royal Sun Alliance - Facility5 - 20%
Sask Mutual10 - 20%
SGI Canada10 - 25%
Sovereign General Insurance10 - 20%
St. Paul's Travelers7.5 - 20%
Travel Underwriters /TuGo5 - 20%
Travelers Insurance Co of Canada10 - 30%
Unica Insurance Company5 - 20%
Various MGA's and other5 - 25%
Wawanesa Mutual Insurance Company10 - 25%
Western Assurance Company10 - 25%
Wynward Insurance Group10 - 20%
Zurich Insurance Company7.5 - 20%
** Commission is normally capped at $370.00 **

How we get paid – Westland Express

Westland Express Insurance Services Limited is a registered trademark of Westland Insurance Group Limited, an insurance brokerage headquartered in Surrey, British Columbia and licensed in BC, AB, MB, NB, NS, NL, ON, PE, QC and SK. Westland Express Insurance Services Limited is owned by Westland Insurance Group Ltd.

Our compensation is included in your insurance premium. For the services that we provide, we primarily receive commissions and contingency amounts paid by insurance companies or other insurance intermediaries. Where agreed in advance, we may also be compensated by specific service fees paid by clients or third parties.

Commission – Commission is normally calculated as a percentage of the premium paid to the insurer. The insurer pays us the commission amount for the services that we provide to our clients. Our commission is included in the premium that you pay.

Contingency Amounts – Contingent commissions are typically based on the total premium volume placed with an insurer with payment to the broker contingent on a predefined ratio of claims paid to premium volume placed. Some insurers may include eligibility criteria such as premium growth or retention. Not all markets include contingent commissions. It is important to note that contingent commissions are not paid at the account or policy level.

Fees Paid by Clients – On occasion, with more complex business insurance programs requiring additional resources, products or services, a fee may be negotiated for additional services. Fees charged will be outlined in a proposal and approved by the client in advance.

Other Compensation and Benefits – We may receive compensation or other monetary benefits from insurers in other ways, including participation in promotions, sales incentives to individual brokers such as nominal gift cards, financial support for marketing or employee training, interest paid to us by financial institutions earned on fiduciary or trust accounts in which we hold your premium payments until they are sent to the insurance company, and fees paid to us for additional services that we provide such as claims adjudication.

How we get Paid for our Services

Insurance Company or Intermediary Personal Auto and Umbrella Personal Property Commercial Auto and Surety Commercial PropertyPersonal Auto and UmbrellaPersonal PropertyCommercial Auto and SuretyCommercial Property
*AVIVA INSURANCE COMPANY9 – 12.5%12.5 – 20%10 – 12.5%15 – 20%
*ECONOMICAL MUTUAL INSURANCE COMPANY10 – 12.5%17.5 – 20%10 – 12.5%20%
*INTACT INSURANCE COMPANY10 – 12.5%15 – 20%10 – 12.5%20%
*PORTAGE LAPRAIRIE MUTUAL INSURANCE COMPANY10 – 12.5%15%10 – 12.5%20%
*PERTH10 – 12.5%15%N/AN/A
*RSA, FACILITY10 – 12.5%20%6 – 12.5%15 – 20%
AGILE UNDERWRITING SOLUTIONSN/A15%N/A15 – 20%
*WAWANESA MUTUAL INSURANCE COMPANY10 – 12.5%20%10 – 12.5%20%
CAA INSURANCE COMPANY10 – 12.5%15 – 20%N/AN/A

We will notify you of any increases in the commission schedule we receive from your insurer or any other material change that affects compensation arrangements.