Consumer Disclosure
The Co-operators mission - to provide financial security for Canadians and their communities - begins and ends with you,
our client. We aim to understand and anticipate your insurance needs and build long lasting relationships with you.
We believe that our ability to meet your needs and expectations is impacted by your perception and level of understanding
of insurance, insurance-related issues, and The Co-operators as an organization.
Compensation for frontline Licensed Insurance Representatives (LIRs), is predominantly salary based with a small bonus
component for acquiring new business. The bonus amount is based on the volume of sales per LIR and is tied to the
adherence to our pricing and underwriting rules.
Corporate Advisor Compensation - Quebec Only
Quebec uses a network of Corporate Advisors to sell auto, home and business insurance. They are paid a fee or
percentage (depending on the product) for generating new business in addition to receiving a base salary. For your
information, we have listed the rates below:
Product |
Fee/Percentage |
Personal Auto Insurance |
$40 per Vehicle |
Commercial Auto Insurance |
10% |
Product |
Fee/Percentage |
Home Insurance |
$40 per policy |
Business Insurance |
22% - 25% |
* The Co-operators does not underwrite auto insurance in BC and MB. Extension policy offered in SK.
Code of Consumer Rights and Responsibilities
The Code of Consumer Rights and Responsibilities provided by The Insurance Bureau of Canada is available for review on
their website. Please visit IBC.ca for additional information.