RIBO Commission Statement

Brokerage compensation is part of your insurance premium.  For your benefit, we have listed below Automobile and Property Lines Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.   This commission percentage is paid annually for both new business and renewals.  Should there be an increase in the commission schedule we receive from your insurer, or any other material change that affects compensation arrangements, we will notify you.

  • Gore Mutual – 10% to 20%*
  • Facility** (Nordic) –7% to 10%
  • Travelers Insurance –10% to 20%*
  • Jevco Insurance – 10% to 13.5%
  • Portage Mutual –10% to 20%
  • Intact Insurance –10% to 20%*
  • Echelon – 12.5% to 13.5%*
  • Chieftain Insurance –12.5% to 20%*
  • Specialty Companies – 10% – 15%
  • Hamilton Township Mutual (HTM) – 12.5% to 20%

**Commission is capped at $380.00

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 with an asterisk noted above recognize our efforts through a Contingent (Profit) Commission contract.  Payment of this Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer.  Contingent (profit) Commission is not guaranteed.  For detailed information on Contingent Commission, please go to the individual company’s website.