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Sheehan & Rosie Ltd.

Personal Compensation

Thank you for your business.  As your Independent Insurance Broker, it is our job to purchase insurance products and services on your behalf that best suit your individual needs. 

Our role is to provide you with the best insurance value that combines coverage, service and price.  We also provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance and claims support.  When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.

A portion of your insurance premium includes brokerage commission.  This commission percentage is paid annually for both new business and renewals.

For your benefit, the insurers that we have contracts with are listed below:
Insurance Company Commission Range
Automobile Property
Aviva Elite Insurance 12.5% 20%
Aviva Insurance 13.5% 20% - 22%
Chieftain Insurance 12.5% 20%
Dominion of Canada (Travelers) 10% – 12.5% 20%
Echelon Insurance 6% – 13.5%
Intact Insurance 10% – 12.5% 20%
Jevco Insurance 5% – 12.5% 15%
Nordic Insurance (Facility)*** 11%
Heartland Farm Mutual 10% - 12.5% 20%
Optimum Insurance 10% – 12.5% 20%
*** commission capped at $310.00 per vehicle

Should there be an increase in the commission schedule we receive from your insurer, we will notify you.                

In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire.  The insurers with an asterisk noted above recognize our efforts through a Contingent (Profit) Commission contract.  Payment of this Contingent (Profit) commission depends upon a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the insurer.  Contingent (Profit) Commission is not guaranteed.  For detailed information on Contingent Commission, please go to the individual company’s website.

In some cases, where our customer has special insurance needs, we will place the insurance with non-contracted markets which are either specialty markets or insurance wholesalers.

Additionally, the Insurance Industry has developed a Consumer Code of Rights and Responsibilities.  You can access the Code on the website of most of the companies listed above or on the Insurance Bureau of Canada website.  If you have any questions regarding this or any other aspect of your insurance please contact us.