Dear Customer,
Welcome to TK WoodMar Insurance and thank you for choosing us for your insurance needs. We appreciate your business and will do our utmost to maintain your confidence.
We are a full-service brokerage offering general insurance for houses, cars, businesses and institutions, as well as providing financial services including life insurance, employee benefit programs and disability insurance.
As an insurance broker; we serve as an intermediary between you and the insurance companies which we represent. We help to place your insurance with an insurer that is reliable, best suits your needs and provides a competitive price. In addition to solving problems which may arise and providing you with professional insurance advice, we are dedicated to obtaining fair treatment for you in the event of a claim.
In return for these services, we are paid a commission by the insurance company based on your premiums. These commissions vary from company to company and also on the type of policy that is being written. The list below shows the companies that we represent and the range of commission we earn when placing your insurance policy with them.
|
Insurance Company |
Commission Range |
Commission Range |
Commission Range |
|
|
Automobile |
Property |
Commercial |
|
*Aviva Insurance Co. |
7.5 – 12.5 % |
20% |
NA |
|
*Intact Insurance Co. |
10 – 12.5% |
20% |
15 – 20% |
|
*Jevco Insurance Co. |
5 – 12.5% |
NA |
NA |
|
*Coachman General |
10 – 12.5% |
20% |
15 – 20% |
|
*SGI Canada |
10 – 12.5% |
20% |
15 – 25% |
|
*Echelon Insurance |
5 – 12.5% |
NA |
12.5% |
|
*Economical Mutual |
10 – 12.5% |
20% |
15 – 20% |
|
* Gore Mutual |
10 – 12.5% |
15 – 20% |
15 – 20% |
|
*Pembridge Insurance |
10 – 12.5% |
20% |
NA |
|
*Pafco insurance |
10 – 12.5% |
NA |
NA |
|
*Portage Mutual |
10 – 12.5% |
20% |
NA |
|
The Nordic Insurance Co. (Facility Assoc.) |
7.5% – 11 % Max. $370 |
NA |
6 – 11% |
These commissions are paid annually for both new business and renewals. In addition to the commission we receive for placing insurance with these companies, we may also receive a “Contingent Commission”. Those companies marked with an asterisk (*) may pay us a contingent commission. This is payable on a book of business that is placed with an insurance company if this book is profitable for the insurance company. This contingent commission is not guaranteed and cannot be predicted in advance.
On occasion we have the need to place coverage with Wholesale Insurance Brokerages, who have access to products and insurance companies that we do not represent. Upon request we can provide you with the commission we receive from these companies
Sincerely,
Kevin Woodcox
President