ZAG Insurance (o/a A Division of Oracle RMS) is an independent broker working on your behalf to secure competitive insurance products with coverage and terms that best protect your property and cover for liabilities you may incur.
The “independent” part of our role means we are not beholden to a single insurance company and your interests are always our priority. Our trained and licensed professionals: provide advice on markets offering the best price, coverage, and service; maintain your policies and manage mid-term changes; advocate for you in the case of policy issues and insurance claims.
Commission percentages apply to new business and renewal policies and are paid to the broker annually.
| Companies | Property | Automobile |
|---|---|---|
| Allianz | 15 – 20% | NA |
| Aviva* | 20% | 10% – 15% |
| CAA Insurance Company** | 20% | 12.50% |
| Echelon* | N/A | 12.5% – 15% |
| Definity/Economical* | 20% | 10% – 12.5%< |
| Facility (RSA) | N/A | 6% – 11% Capped at $250 |
| Gore* | 20% | 10% – 12.5% |
| Intact Insurance* | 20% | 12.50% |
| Jevco* | N/A | 12.50% |
| Max | 20% | N/A |
| Pafco* | 20% | 12.50% |
| Pembridge* | 20% | 12.50% |
| Perth | 20% | 12.50% |
| RSA* | 20% | 10% – 12.5% |
| Sovereign General* | 20% | 10% – 12.5% |
| Travelers* | 20% | 12.50% |
| Wawanesa Mutual* | 20% | 7.5% – 12.5% |
| Zurich* | 15 – 20% | 7.5% – 12.5% |
| Various Specialty Markets | 10% – 15% | 7.5% – 12.5% |
* The success of insurance companies relies on business selected and priced to ensure total premiums exceed claims paid. To encourage growth of profitable business in desired classes, many insurers provide incentives under Contingent (Profit) Commission contracts. An asterisk is shown in the chart above for companies offering programs.
** ZAG Insurance is authorized to sell CAA Membership’s on behalf of CAA and is compensated upon the sale of a membership in the amount of $10 per Basic Membership and $15 per Plus or Premier memberships.
Based on proprietary formulas involving overall premium volume; growth percentages; profitability (loss ratio); business retention rates; and other service initiatives, we may qualify for compensation under the Contingent Commission programs of insurers. In addition, our principals or other personnel may be invited to attend periodic educational, or sales conferences sponsored by insurance companies.
For information specifically related to commitments made by insurance companies, you can refer to the Consumer Code of Rights and Responsibilities provided with your new business policy or refer to the corporate website of an individual insurance company.
Please do not hesitate to contact us if you have any questions related to this declaration or any other matter involving your insurance.
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