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 Company | Compensation varies by Line of Business |
|---|---|
| AIG Insurance Company of Canada | 5 - 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 Canada | 7.5 - 20% |
| AXA XL | 7.5 - 20% |
| Boiler Inspection Insurance | 10 - 25% |
| Brant Mutual Insurance | 7.5 - 20% |
| CAA Insurance | 7.5 - 20% |
| CAIM Ltd. (Canadian Aviation Insurance Managers) | 5 - 20% |
| Certain Underwriters at Lloyds | 5 - 25% |
| Chubb Insurance Solutions | 10 - 25% |
| Coachman Insurance Company | 10 - 20% |
| Dominion of Canada | 10 - 20% |
| Ecclesiastical Insurance | 7.5 - 20% |
| Economical | 10 - 25% |
| Edge Mutual Insurance Co. | 10 - 20% |
| Elite Insurance Company | 7.5 - 20% |
| Export Development Canada | 7.5 - 20% |
| Gore Mutual | 10 - 25% |
| Hagerty Canada, LLC | 7.5 - 20% |
| Halwell Mutual Insurance | 7.5 - 20% |
| Hartford Steam Boiler (US) | 7.5 - 20% |
| Heartland Farm Mutual Inc. | 7.5 - 20% |
| Intact Insurance | 10 - 30% |
| Intact Public Entities | 7.5 - 20% |
| Jevco Insurance Company / Intact | 7.5 - 20% |
| Markel Canada Limited | 7.5 - 20% |
| Old Republic Insurance Company | 7.5 - 20% |
| Optimum Insurance Co. | 7.5 - 20% |
| Optimum West Insurance Company | 7.5 - 20% |
| Optiom Inc | 7.5 - 20% |
| Pafco Insurance | 7.5 - 20% |
| Peace Hills | 7.5 - 20% |
| Pembridge Insurance | 7.5 - 20% |
| Perth Insurance | 5 - 20% |
| Portage Mutual | 10 - 20% |
| Red River Mutual | 10 - 25% |
| Royal Sun Alliance - Facility | 5 - 20% |
| Sask Mutual | 10 - 20% |
| SGI Canada | 10 - 25% |
| Sovereign General Insurance | 10 - 20% |
| St. Paul's Travelers | 7.5 - 20% |
| Travel Underwriters /TuGo | 5 - 20% |
| Travelers Insurance Co of Canada | 10 - 30% |
| Unica Insurance Company | 5 - 20% |
| Various MGA's and other | 5 - 25% |
| Wawanesa Mutual Insurance Company | 10 - 25% |
| Western Assurance Company | 10 - 25% |
| Wynward Insurance Group | 10 - 20% |
| Zurich Insurance Company | 7.5 - 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 Property | Personal Auto and Umbrella | Personal Property | Commercial Auto and Surety | Commercial Property |
|---|---|---|---|---|
| *AVIVA INSURANCE COMPANY | 9 – 12.5% | 12.5 – 20% | 10 – 12.5% | 15 – 20% |
| *ECONOMICAL MUTUAL INSURANCE COMPANY | 10 – 12.5% | 17.5 – 20% | 10 – 12.5% | 20% |
| *INTACT INSURANCE COMPANY | 10 – 12.5% | 15 – 20% | 10 – 12.5% | 20% |
| *PORTAGE LAPRAIRIE MUTUAL INSURANCE COMPANY | 10 – 12.5% | 15% | 10 – 12.5% | 20% |
| *PERTH | 10 – 12.5% | 15% | N/A | N/A |
| *RSA, FACILITY | 10 – 12.5% | 20% | 6 – 12.5% | 15 – 20% |
| AGILE UNDERWRITING SOLUTIONS | N/A | 15% | N/A | 15 – 20% |
| *WAWANESA MUTUAL INSURANCE COMPANY | 10 – 12.5% | 20% | 10 – 12.5% | 20% |
| CAA INSURANCE COMPANY | 10 – 12.5% | 15 – 20% | N/A | N/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.
