Travelers Canada Broker Compensation Notice
Travelers Canada distributes its insurance Policies through contracted, independent licensed Insurance Brokers.
These brokers may receive a commission from us for placing insurance with Travelers Canada. These brokers may also receive additional compensation based on their overall relationship with us or for writing additional policies with us. As in other industries, this additional compensation rewards these producers for such things as achieving pre-set profitability goals, volume levels, growth targets, sales contest objectives or other measures we may set.
Insureds should direct any specific questions about their insurance representative's compensation to him or her.
Maximum Commission Schedule
|
Line of Business
|
Commission |
|
|
Commercial Automobile
|
5%-12.5% |
|
|
Property, Liability, Marine, Boiler and Machinery, Umbrella and Excess
|
10%-20% |
|
|
All Other
|
10%-25% |
|
|
Financial and Professional Services
|
5%-30% |