Disclosure Statement

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 we receive for each line of business.

An affiliate of The Travelers Companies, Inc. has a majority investment in us. 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 known as Travelers Canada and are  affiliated with The Travelers Companies, Inc.

We receive a commission from the insurance providers we work with. The ranges of commissions we receive are indicated below. A client fee may be negotiated for placement of insurance coverage for certain products and services. All fees will be outlined to the client prior to the placement of the policy.

In addition to commission, in certain circumstances, we may earn additional compensation (e.g. a fixed percentage of premiums or a transaction fee) for performing services such as underwriting, data input, and administration on behalf of the insurance company. Insurance companies will occasionally offer incentives to individual brokers, such as contest entries, trips and other forms of hospitality. Our brokers are committed to providing objective advice to our customers and acting in their best interests notwithstanding the receipt of any of these incentives.

Some insurers may also pay us a contingent profit commission, which is principally dependent on a combination of one or more of the following factors: growth, profitability, volume, and retention of our entire portfolio of business with that insurer (and not on individual policies). For more detailed information on such contingent profit commission, please refer to the individual insurer’s website. Such contingent profit commission is not guaranteed.

If you have any additional questions regarding the compensation structure of Zensurance or if you would like to receive specific details about the commission structure of your policy, please don’t hesitate to contact us at 1-888-654-6030.

Insurance providers:

A.M. Fredericks Underwriting Management
ABEX Affiliated Brokers Exchange
Agile Underwriters
April Canada
ARAG
Ascent Underwriting
Associated Electric & Gas Insurance Services Limited
Atrium Underwriters*
Beazley Canada*
BI&I
Burns & Wilcox Canada
Cansure
CFC Underwriting
Chubb Insurance Company of Canada
Chutter Underwriting Services
Coalition
Evolution Insurance
Excess Underwriting
GroupAssur
K&K Insurance Canada
Liberty Mutual
Linx Underwriting Solutions
Markel Canada Limited
Next Wave Insurance
Portage Mutual*
Premier Canada
QBE*
Risk-Can Underwriting Managers
Shore Underwriting
South Western Insurance Group
Special Risk Insurance Managers
SUM Insurance
Totten Insurance Group
Travelers*
Trinity Underwriting Managers
Unique Risks
Victor Canada

* Indicates Insurers with whom Zensurance Brokers Inc. has a Contingent Profit Commission agreement

Insurance providers:

A.M. Fredericks Underwriting Management
ABEX Affiliated Brokers Exchange
Agile Underwriters
April Canada
ARAG
Ascent Underwriting
Associated Electric & Gas Insurance Services Limited
Atrium Underwriters*
Beazley Canada*
BI&I
Burns & Wilcox Canada
Cansure
CFC Underwriting
Chubb Insurance Company of Canada
Chutter Underwriting Services
Coalition
Evolution Insurance
Excess Underwriting
GroupAssur
K&K Insurance Canada
Liberty Mutual
Linx Underwriting Solutions
Markel Canada Limited
Next Wave Insurance
Portage Mutual*
Premier Canada
QBE*
Risk-Can Underwriting Managers
Shore Underwriting
South Western Insurance Group
Special Risk Insurance Managers
SUM Insurance
Totten Insurance Group
Travelers*
Trinity Underwriting Managers
Unique Risks
Victor Canada

* Indicates Insurers with whom Zensurance Brokers Inc. has a Contingent Profit Commission agreement

Commission Range by Line of Business as of August 2021

  • Commercial Casualty: 0 – 30%
  • Commercial Property: 0 – 30%
  • Automobile: 12.5%
  • Personal Property: 15 – 30%

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