McKillop Mutual Insurance Company, as an insurer, has contracts with
agents and brokers who
provide professional advice and purchase insurance on behalf of their
clients.Our agreements require that your agent/broker and McKillop
Mutual exercise the utmost good
faith and honesty in performing their duties, in properly and promptly
servicing policies. The
brokers have a duty to disclose their commission earnings on a given
policy to their client, if so
requested. The annual commissions paid by McKillop Mutual to brokers are
as follows:
- Private Passenger Automobile 10%
- Personal Household Property and Liability 20%
- Commercial Property 20%
- Commercial Casualty 20%
- Farm Property and Liability 15%
Agents of McKillop Mutual also receive compensation for the sale and
service of the company’s
insurance products.
From time to time, as part of normal business practice, the company
may invest in joint
advertising with an agent/broker.
If you have any questions you can contact us at
mckillo@tcc.ca or contact your
agent or broker. |