Compensation disclosure

Monteiro Insurance Brokers Ltd. is an independent, family-owned brokerage registered with the Registered Insurance Brokers of Ontario (RIBO). No insurance company holds an ownership interest in our business, and we have no loans or credit facilities from any insurer.

What we do for you

• We represent you, not the insurer, and advise you on the coverage that fits your needs.
• We compare options from the insurers below and explain the differences.
• We set up your policy, handle changes and review your coverage at renewal.
• We help you report and work through claims.

Our compensation

We are paid a commission by the insurance company that issues your policy. The commission is a percentage of your premium and is already included in the price you pay. Rates vary by insurer and type of policy.

Click here to view our schedule of commissions.

Commission on commercial (business) policies varies by insurer and type of coverage. We will tell you the commission on your policy before you buy, and you can ask us about it at any time.

Some insurers may also pay a contingent (profit-sharing) commission based on the overall growth, profitability, volume and retention of all the business we place with them. It is not based on any single policy, it is not guaranteed and it does not change the price you pay.

We will let you know if our commission increases or if there is any other material change in how we are compensated.

Property and casualty insurers we represent

• Aviva Insurance Company of Canada
• HD Mutual Insurance Company
• Intact Insurance Company
• Pembridge Insurance Company
• Jevco Insurance Company
• Pafco Insurance Company
• Echelon Insurance
• Hagerty Canada
• Facility Association
• Forward Insurance Managers Ltd.
• Premier Group
• Totten Group Insurance
• Southwestern Group Insurance
• Special Risk Insurance Managers

Facility Association is Ontario’s residual market for drivers who cannot get coverage elsewhere. We may place auto coverage there when no other insurer will offer it.

Life insurers we represent

Life insurance is arranged by our life-licensed brokers: Paul Monteiro, Carlos Simoes and Susy Santos.

• Wawanesa Life
• The Manufacturers Life Insurance Company (Manulife)
• The Equitable Life Insurance Company of Canada
• The Canada Life Assurance Company

Your rights as a client

Please also read the Fact Sheet About Your Registered Insurance Broker and the CISRO Principles of Conduct for Insurance Intermediaries.

Questions about any of this? Call us at 519-623-7031.