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Statement of Brokerage Services and Compensation

Thank you for your business. As your Independent Insurance Broker, our role is to provide you with the best insurance products that combine coverage, service and price. We provide you with personalized service, expert insurance advice, ongoing policy maintenance and act as an advocate when any issues arise regarding your insurance coverage.

Brokerage compensation is part of your insurance premium. For your reference, outlined below is a list of the insurance providers we represent and the range of compensation each provides as a percentage of the premium that appears on your invoice. In order for us to maintain strong relationships with quality insurers we work with insurers to provide the type of business they desire.

The insurers noted below with an asterisk recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission is dependent on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the insurer. It is based on our entire portfolio of business with that insurer and not on individual policies. Contingent Commission is not guaranteed. Stevenson & Hunt may from time to time enter in to non standard arrangements which could have compensation terms that fall outside these ranges. We may carry out additional services such as data entry, processing claims payments and conducting site surveys. This additional work is compensated by payment of an agreed fee or commission.

From time to time, insurance companies will offer incentives to individual brokers, including contest entries, trips and other forms of hospitality. Such sales incentives are typically based on performance criteria established by the insurer. Our brokers are committed to providing objective advice to their customers and notwithstanding the receipt of any such incentives are primarily concerned with servicing our clients best interests.

For detailed information on Contingent Commission, please refer to the individual insurer's website. Should there be an increase in the compensation provided by your insurance provider, we will notify you.

ACE INA Insurance Company 10% to 15%
Affiliated FM Insurance Company 15%
Allianz Insurance Company 5% to 20%
Aviva Insurance Company of Canada* 4% to 27.5%
Berkley Canada‐Surety 30%
Boiler Inspection & Insurance Company of Canada 15% to 20%
CAFO 0% to 1%
Catlin Canada Inc. 15% to 20%
Chartis Insurance Company of Canada 7.5% to 15%
Chubb Insurance Company of Canada* 5% to 20%
CNA Canada (Continental Casualty Company) 10% to 25%
Commonwell Mutual Insurance Group 12.5% to 20%
Creechurch International Underwriters Ltd. 10% to 20%
Ecclesiastical Insurance Canada 15% to 20%
Economical Insurance Group* 7.5% to 25%
Economical Select 10% to 17.5%
EDC Corporation 5% to 15%
Elliott Special Risks LP 7.5% to 15%
Encon Group Inc. 7.5% to 20%
Equity Premium Finance 0%*
FIRST Insurance Funding of Canada 0% to 1%
Frank Cowan Company 10% to 15%
Gore Mutual Insurance Company 12.5% to 25%
Grain Insurance & Guarantee Company 20%
Hagerty Insurancey 12.5%
Intact Insurance* (including Novex) 7.5% to 35%
Liberty Mutual Insurance Company 12.5% to 27.5%
Lloyds’ of London 15% to 25%
L’Unique (Surety) 27.5%
MedThree Insurance Group 10% to 15%
Nordic Insurance Company of Canada 10%
Northbridge Insurance* 7.5% to 20%
Pafco Insurance Company 7.5% to 20%
Pembridge Insurance Company* 10% to 20%
Perth Insurance Company* 5% to 15%
Premier Marine Insurance Managers Group 10% to 20%
Royal & Sun Alliance Insurance Company of Canada* 7.5% to 30%
Sovereign General Insurance Company 12.5% to 30%
St. Paul Fire & Marine Insurance Company 15% to 25%
The Dominion of Canada General Insurance Company 7.5% to 20%
The Guarantee Company of North America* 10.5% to 27.5%
Travelers Insurance Company of Canada* 12.5% to 27.5%
Trisura Guarantee Insurance Company* 15% to 27.5%
Western Assurance* 10% to 20%
Western Surety Company 27.5%
XL Insurance Company 12.5% to 15%
Zurich Insurance Company Ltd.* 7.5% to 27.5%

Your insurance provider will be providing you with a Consumer Code of Rights & Responsibilities, along with your new business policy. If you have any questions regarding this, or any other aspect of your insurance, please feel free to contact us.

*Stevenson and Hunt Insurance Brokers Limited and its subsidiaries share common ownership with Arthur J. Gallagher & Co., a public company listed on the New York Stock Exchange.