How Echelon Brokers are Compensated
As an insurer, Echelon Insurance contracts with independent insurance Brokers across Canada. Brokers are independent business people who maintain relationships with several insurance companies. They have the expertise to assess your insurance needs, provide advice and recommend coverage on your behalf. We take great care in ensuring that Echelon Insurance and our Brokers operate to the highest professional standards.
Brokers are compensated in the form of a commission payment derived from a percentage of your insurance premium. Brokers are obligated to disclose their commission earnings on a client’s policy, if so requested.
The following is a breakdown of the commissions paid by Echelon Insurance to contracted Brokers:
|Base Commission||Commission Paid if the Broker orders MVR and/or Autoplus Report|
|Private Passenger Automobile||
Contingent Profit Commission (CPC)
Echelon Insurance pays contingent profit commission to its brokers.
From time to time, Echelon Insurance may produce contests designed to improve efficiency of operation.
Broker Ownership and Business Loans
Echelon Insurance or one of its affiliates may provide brokers with financial support through loans, bank guarantees and/or equity positions.
If you have any queries, please email us at email@example.com or contact your insurance Broker.