Disclosure
Welcome to Assurances Palladium Insurance, operating in the Ottawa region for over 50 years. We are locally owned and active in your community. We are proud to call Ottawa home. We have three offices to serve you - Kanata, Orléans & Rockland.
We are proud supporters of various charities in our communities and like to encourage our employees to help us support charities that they are involved with. We support The OSEG Foundation, Girls on the Run, the Ottawa Food Bank, the Ottawa Regional Cancer Foundation, the Heart Institute, Kids Up Front, the TEMA Foundation, the Orleans-Cumberland Community Resource Centre, Club Champlain Rockland, Rockland Food Bank.
We are a full service independent brokerage, offering a full range of insurance products: life, home, auto, disability, group and business. Contact us today for a free review of all your insurance needs. We offer competitive rates, professional service and personal service.
Professional Codes of Conduct¶
Palladium wholeheartedly embraces the Canadian Insurance Services Regulatory Organizations (CISRO) Principles of Conduct for Insurance Intermediaries. We’re also proud members of the Registered Insurance Brokers of Ontario (RIBO) which has its own code of conduct.
What does this mean for you? As a Canadian purchasing insurance from a broker you are entitled to fair, open and honest representation by Palladium. Palladium agrees that it's our responsibility to represent your interests, and ensure that we outline everything clearly to you in plain language.
As a purchaser of insurance, it’s vital that you keep us up to date if anything changes in your business or life circumstances that may potentially affect your coverage.
Compensation¶
Assurances Palladium Insurance is committed to providing full disclosure of the compensation we receive in return for providing you, our client, with top-level insurance programs and service.
Our insurance providers and the sliding commission scales for auto, home and commercial insurance coverage are:
| Providers | Commissions |
|---|---|
| Affliated FM* | 10% to 20% |
| Aviva Canada* | 12.5% to 20% |
| Burns & Wilcox** | 12.5% to 15% |
| CNA* | 10% to 20% |
| Chubb* | 10% to 20% |
| Coalition** | 15% |
| Commonwell Mutual Insurance* | 12.5% to 20% |
| Echelon* | 12.5% |
| Economical / Denity* | 5% to 22.5% |
| IntEvolution / GroupAssur* | 10% to 20% |
| Gore Mutual* | 10% to 20% |
| Intact/Jevco* | 10% to 20% |
| LionsGate* | 10% to 20% |
| Northbridge* | 12.5% to 20% |
| Pembridge/Pafco* | 10% to 20% |
| Portage* | 10% to 20% |
| Portage* | 15% to 20% |
| Travelers Canada (Dominion of Canada)/ Chieftain* | 10% to 20% |
| Trisura* | 10% to 20% |
| Totten** | 12.5% to 13% |
| Victor** | 12.5% to 20% |
| Wawanesa* | 12.5% to 20% |
| Western | 12.5% to 20% |
| Zurich* | 10% to 20% |
*These companies also have a contingent profit agreement with our brokerage.
**Some specialty policies are subject to additional agency fees.
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 above (from list of markets) with an asterisk recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission depends on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. It is based on our entire portfolio of business with that insurer and not on individual policies. Contingent Commission is not guaranteed.