Compensation Disclosure


Thank you for your business. As your Independent Insurance Broker, we purchase insurance products and services
on your behalf that are available, affordable, and understandable.

Our role is to provide you with the best insurance value that combines coverage, service, and price. We also provide
personalized, quality service that includes professional insurance advice, ongoing policy maintenance and claims
support. When any issue arises regarding your insurance coverage, we are your advocate, using our professional
experience to best represent your individual interest.

Unlike many brokerages, no insurance company controls or owns, in whole or in part,
any aspect of Hubbard Insurance Brokers Inc. We are 100% family owned.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below Insurers that we
represent and have included the range of compensation each provides as a percentage of your overall premium.

  • Aviva Insurance – 7.5 to 20%
  • Berkeley Canada – 7.5% to 20%
  • Economical Insurance – 7.5%-20%
  • Encon Insurance Managers – 10% to 15%
  • Chubb Canada – 10% to 15%
  • Burns and Wilcox – 10% to 15%
  • Coast Underwriting – 10% to 15%
  • Guarantee Co. of N.A. - 12.5%-20%
  • Beazley Insurance – 10% to 15%
  • RSA Insurance – 7.5%-20%
  • Markel Insurance – 10% to 15%
  • Totten Group – 10% to 15%
  • Travelers Insurance – 7.5% to 15%
  • Intact Insurance – 7.5%-20%

In addition, some of the insurers we place coverages with on your behalf, pay less than standard commissions. In
these cases, we may, with prior notice to you, charge a professional brokerage fee that brings the compensation for
the work we do more in line with standard commission rates. These will be fully disclosed and itemized to you in

This commission percentage is paid annually for both new business and renewals.

Should there be an increase in the commission schedule we receive from your insurer, or, any other material change
that affects compensation arrangements, we will notify you.

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 with an asterisk noted above recognize our efforts through a Contingent (Profit)
Commission contract. Payment of this Contingent (Profit) Commission may depend on a combination of growth,
profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer.
Contingent (profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go to
the individual company’s website.

Your Insurer will be providing you with a Consumer Code of Rights and Responsibilities which will be forwarded to
you with your new business policy. If you have any questions regarding this or any other aspect of your insurance,
please do not hesitate to contact us.