At Zensurance, we work hard to find you the best coverage at a competitive price. Zensurance is a brokerage that believes in a simple and transparent process for our clients. Because of this, we would like to disclose how our brokerage gets compensated by you, our client.
Brokerage compensation is part of your insurance premium. For your benefit, we have listed the Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium that appears on you invoice.
An affiliate of The Travelers Companies, Inc. is one of our investors. The Dominion of Canada General Insurance Company, St. Paul Fire and Marine Insurance Company (Canada Branch) and Travelers Insurance Company of Canada are the Canadian licensed insurers affiliated with The Travelers Companies, Inc.
A client fee may be negotiated for placement of insurance coverage for certain products and services. All fees will be outlined in the client proposal and approved by the client prior to the placement of the policy. On occasion, we may receive both commission and client-paid fees for placing insurance, which will be disclosed by Zensurance and approved in writing by our clients before placement of the policy.
If you have any additional questions regarding the compensation structure of Zensurance please don’t hesitate to contact at 1-888-654-6030.
Zensurance Brokers Inc
Contracted Insurers- Range of Commission Payable ( % of premiums )
By Major Insurers and line of Business as of June 2018
|Intact Insurance Company of Canada||20||20||12.5||20||no|
|Chubb Insurance Company of Canada||10-15||N/A||N/A||N/A||no|
|The Guarantee Company of North America||10-20||10-20||N/A||N/A||no|
|ABEX Affiliated Brokers Exchange||10-30||10-30||N/A||10-30||no|
|A.M. Fredericks Underwriting Management||10-30||10-30||N/A||10-30||no|
|Burns & Wilcox Canada||10-30||10-30||N/A||10-30||no|
|The Guarantee Company of North America||10-30||10-30||N/A||10-30||no|
|K&K Insurance Canada||10-30||10-30||N/A||10-30||no|
|Linx Underwriting Solutions||10-30||10-30||N/A||10-30||no|
|Markel Canada Limited||10-30||10-30||N/A||10-30||yes|
|Risk-Can Underwriting Managers||10-30||10-30||N/A||10-30||no|
|Special Risk Insurance Managers||10-30||10-30||N/A||10-30||no|
|South Western Insurance Group||10-30||10-30||N/A||10-30||no|
|Trinity Underwriting Managers||10-30||10-30||N/A||10-30||no|
* Contingency profits are based on the quality of the business we write over a multi-year period. This ensures we are focused on writing good quality business.
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