Transparency and your Independent Insurance Broker
Transparency is one of HUNTERS Core Values. To maintain independence, we enter into and nurture relationships transparently and free from conflict. We believe that HUNTERS adds value and hope our Clients feel the same way.
As your Independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable and understandable. 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.
We are compensated for this value as described below.
Insurer Payments - Brokerage compensation is part of your insurance premium. For your benefit, we have listed the Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium that appears on your invoice.
In addition to the Insurance Companies we represent under contract, as indicated above, HUNTERS will place risks with Specialty Markets when it is in our Client’s best interest. In most cases, these specialty markets provide compensation at a lower rate than the Insurers we represent. Some specialty markets are wholesale brokers and/or managing general agents which are intermediaries through which retail brokers, like HUNTERS, may place coverage. HUNTERS does not own any interest in any Wholesale Insurance Brokers or Managing General Agents.
The individuals at HUNTERS who broker your business are NOT paid compensation which varies directly with the commissions we receive.
Client Fees - A fee may be negotiated for placement of insurance coverage or additional services. Fees charged for the placement of insurance will be outlined in our proposal and approved by our Client in writing before execution. On occasion, we may receive both commissions and client-paid fees for placing insurance, which will be disclosed by HUNTERS and approved in writing by our Clients before execution.
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 noted as such recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission depends on a combination of profitability (loss ratio) and/or growth incentive (usually over a number of years) and/or increased services that we provide on behalf of the Insurer. In some instances, the occurrence of a few large losses on our book of business can disqualify us from receiving a contingent profit payment for one or more years. For detailed information on contingent compensation arrangements, please go to the individual insurance company’s website.
Other Sources of Revenue - We may receive revenue or further benefits from our insurance brokerage activities including fees paid to us for the administration of premium finance contracts, interest paid to us by financial institutions earned on trust accounts in which we hold your premium payments pending remittance to the insurance company, and fees paid to us for policy and/or claims administration services that we provide.
Related Party Transactions - No insurance companies have an equity or debt position in HUNTERS. HUNTERS does NOT own any interest in any insurance companies nor do we have an interest in any wholesalers/managing agents. HUNTERS does NOT broker reinsurance for any insurance companies nor are we related to companies that do so.
If you have any additional questions or require other information regarding any of the compensation received by HUNTERS for any of its insurance brokerage services, please do not hesitate to contact your account manager or contact our President, Brooke Hunter at 416-323-9300.
Range of Commission Payable (% of Premiums)
HUNTERS International. By Our Major Insurers and Line of Business as of March 2024.
| Insurer | Personal Property | Personal Automobile | Commercial Property | Commercial Automobile | Commercial Casualty | Specialty Lines | Contingency Income (Y/N) |
|---|---|---|---|---|---|---|---|
| AIG | – | – | 7.5-10 | – | 7.5-10 | 7.5-10 | N |
| Aviva Insurance | 20 | 5-12.5 | 20 | 5-12.5 | 20 | 10-20 | N |
| AXA/XL Insurance Company | – | – | 20 | – | 5-20 | 10-25 | N |
| Affiliated FM | – | – | 10-20 | – | N | ||
| Allianz Insurance | – | – | 10-20 | 5-10 | 5-20 | 10-25 | N |
| Axis Insurance | – | – | 20 | 5-10 | 5-20 | 10-25 | N |
| Beazley | 15-20 | – | 15-20 | 10-22.5 | N | ||
| Berkley | – | – | 10-20 | – | 15-20 | 10-22.5 | N |
| Berkshire Hathaway | – | – | 10-15 | 10-15 | 10-15 | N | |
| BI&I Insurance | – | – | 10-22.5 | – | – | – | N |
| Chubb Insurance Company | 20 | 5-10 | 5-20 | 5-10 | 5-20 | 10-25 | Y |
| CNA Canada | – | – | 10-20 | 5-12.5 | 15-20 | 10-25 | N |
| Ecclesiastical | – | – | 10-20 | – | 15-20 | 15-20 | N |
| Everest Insurance Co | – | – | 10-22.5 | – | 10-22.5 | 10-22.5 | N |
| Great American | – | – | 10-20 | – | – | 15-22.5 | N |
| HDI Canada | – | – | 10-20 | – | 15-20 | 15-20 | N |
| Intact Insurance | 20 | 5-12.5 | 20 | 5-12.5 | 20 | 10-20 | Y |
| Jevco Insurance Company | n/a | 15 | – | – | – | – | N |
| Liberty Mutual Insurance | n/a | n/a | 10-22.5 | 5-12.5 | 10-22.5 | 10-22.5 | N |
| Markel Insurance Co. | – | – | 10-22.5 | – | 10-22.5 | 10-22.5 | N |
| Travelers Insurance | 20 | 5-12.5 | 10-20 | 5-12.5 | 10-20 | 10-25 | Y |
| Zurich Insurance Company | – | – | 10-20 | 5-12.5 | 10-20 | 10-25 | N |
| Various MGAs | 10-15 | – | 10-15 | – | 10-15 | 10-15 | N |
“–” indicates line of business not written with Insurer.