Statement on Brokerage Services & Compensation
The primary insurer for all EasyCover Professional Liability Insurance products is Lloyd’s of London, one of the world’s most prestigious specialist insurance service providers.
EasyCover is an independent insurance brokerage, which means we purchase Professional Liability Insurance products and services on your behalf that are comprehensive, affordable and understandable. Our role is to provide you with the best insurance value that combines coverage, service and price.
We also provide personalized quality service that includes professional insurance advice, on-going policy maintenance and claims support. Should any issues arise regarding your Professional Liability Insurance coverage, we are your advocates, using our professional experience to best represent your individual interests.
EasyCover works closely with Lloyd’s of London to ensure that we offer services and products that meet our client’s needs and expectations. It may be possible that Lloyd’s of London will recognize these efforts through a contingent commission contract. Payment of this contingent commission depends on a combination of profitability (loss ratio) and/or growth (usually over a number of years) and/or increased services that we provide on behalf of the Insurer.
In some instances, the occurrence of a few large losses on our book of business can disqualify us from receiving a contingent commission for one or more years. For detailed information on contingent commission, please go to the Lloyd’s of London website.
EasyCover is a department in Rogers Insurance Ltd that focuses on making the buying of insurance as convenient as possible. With over 500 employees in the Rogers group of companies, licensed in all jurisdictions in Canada, and dealing with over 90 different insurance companies and underwriting facilities – Rogers Insurance Ltd is one of the largest independent brokerages in Canada. Independent means we are not in a conflict position with being owned by one insurance company. Rogers Insurance is employee owned and is a 9 time winner of Best Employer in Alberta status and two time winner of one of the Top 50 SME Employers in Canada (Small and medium enterprise).
If you have any additional questions or require other information regarding any of the compensation received by EasyCover for any of our insurance brokerage services, please don’t hesitate to contact us.
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