Disclosure of Commisions

Ivantage Insurance Brokers is compensated through commissions and fees paid by Property and Casulty Insurers for the sale of insurance products. Below is the percentage range in compensation that Ivantage Insurance Brokers receives as commission on the sale of insurance products.

Company Commission Range
Aviva Canada 10% to 20%
Chubb Insurance 10% to 15%
Gore Mutual 10% to 20%
Hagerty Canada 15%
Pafco Insurance 10% to 12.5%

In addition to the commissions and fees received for the sales of insurance products, periodically we have the potential to receive a contingent commission. This commission is dependent upon the profitability and growth of business written with the Insurance Company.

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