Disclosures
At Lloyd Sadd Insurance, we listen, we think, and we deliver. We take the time to understand your business, reducing your total cost of risk and helping you build a better organization. We are a commercial insurance broker specializing in key sectors such as construction, hospitality, public entity, manufacturing, not-for-profit, transportation and realty.
Our company is 100% owned by its employees. Over 100 staff members develop long-term relationships with their clients, providing advice, competitive rates, and proactive, customized solutions for your insurance needs.
As a brokerage, Lloyd Sadd can provide you with a wide variety of services to meet your insurance needs because of the insurance companies we represent. With access to fifty insurers in our practice, we canvas the market for the right combination of insurance features to make sure our clients are getting the best coverage and price possible. In the list below we have provided you with some of the insurers we represent, including the range of compensation each one provides as a percentage of your overall premium.
When it is in your best interest, we place risk in specialty markets, which typically provide lower compensation rates than contracted insurers. In the cases where a fee is charged in lieu of or in addition to commission, the breakdown of numbers is always disclosed.
Some insurers under contract recognize our efforts through Contingent Commission contracts. Payment of these contracts depends on profitability (loss ratio) and/or growth (usually over a number of years) and/or increased services that we provide on behalf of the insurer. When there are large losses, it can disqualify Lloyd Sadd from receiving a contingent profit payment for one or more years. For detailed information about Contingent Commission, please go to the individual insurance websites.
The chart below provides typical broker compensation for some of the insurers we represent. For any additional information or inquiries about compensation, insurance brokerage services, and Lloyd Sadd’s insurance contracts, do not hesitate to contact your account executive.
Commercial Insurance
|
Insurer |
Contingent Agreement |
Commercial Auto |
Commercial Property |
Commercial Liability |
|
Aviva Canada |
Y |
7.5% to 12.5% |
20% |
15% |
|
Chubb Insurance Company |
Y |
N/A |
20% |
15% to 20% |
|
Dominion of Canada Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
|
Intact Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
|
Northbridge Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
|
RSA Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
|
Sovereign General Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
|
Travelers Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
|
Zurich Insurance Company |
Y |
7.5% to 12.5% |
20% |
15% to 20% |
Surety/Bonding
|
Insurer |
Contingent Agreement |
Commercial Auto |
Commercial Surety |
|
Aviva Canada |
Y |
N/A |
25% |
|
Guarantee Company of North America |
Y |
N/A |
27.5% |
|
Sovereign General Insurance Company |
Y |
N/A |
25% |
|
Trisura Guarantee Insurance Company |
Y |
N/A |
27.5% |
|
Western Surety |
Y |
N/A |
30% |
Personal Insurance
|
Insurer |
Contingent Agreement |
Auto |
Property |
Personal Liability |
|
Aviva Insurance Company |
Y |
7.5% to 12.5% |
20% |
15%to 20% |
|
Chubb Insurance Company |
Y |
N/A |
15%to 20% |
15%to 20% |
|
Guarantee Company of North America |
Y |
10% to 12.5% |
25% |
20% |
|
Intact Insurance Company |
Y |
7.5% to 12.5% |
20% |
15%to 20% |
|
Jevco Insurance Company |
Y |
15% |
N/A |
N/A |