AWN Insurance Inc. is an independent specialty insurance intermediary. In Ontario, AWN Insurance Inc. is a R.I.B.O. licensed insurance broker. AWN Insurance Inc. is a licenced broker in Newfoundland & Labrador. In all territories and all other provinces except Quebec and carrying on business as AWN Insurance Services in BC, AWN Insurance Inc. is a licensed insurance agency.

AWN Insurance Inc. has no direct or indirect ownership or financial interest in any insurer nor does any insurer have any direct or indirect financial interest in our company, whether through equity ownership or loans of any kind. We are not a member or affiliated with any insurer owned, financed or affiliated financial or non-financial network.

Our role requires us to perform risk assessment, underwriting, risk management and deploy technology-based solutions on their behalf to allow us to make specialty insurance products available to you.

As a specialty insurance broker/agency, 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, ongoing policy maintenance and claims support. When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.

Our compensation is part of your insurance premium. We will update this listing if compensation changes or if we begin to represent new insurers.

Lloyd’s Underwriters*: Our commission is 2.5 – 10% of the premium paid by you.

Northbridge General Insurance Corporation: Our commission is 1 – 5% of the premium paid by you.

Starr Insurance & Reinsurance Limited: Our commission is 1 – 2.5% of the premium paid by you.

Tokio Marine Canada Ltd.: Our commission is 1 - 6% of the premium paid by you.

Additional commissions are allowed in some circumstances when we are required/requested to pay promotional, technology, risk management or financial services expenses on behalf of our underwriters.

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.

Wholesale Operations: We offer specialty insurance through other licensed insurance intermediaries, who, have a relationship and deal directly with their clients, place coverage on their client’s behalf. In these cases, both AWN Insurance Inc. and the retail broker/agent will earn commissions and the client’s premium payment is generally not impacted.

For us to maintain strong relationships with quality insurers, we work with these insurers to provide the type of business they desire. The insurers with an asterisk (*) noted above recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission depends on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent Commission is not guaranteed.

We also draw your attention to these additional disclosure documents that can be found on our website:

CISRO Principles of Conduct for Intermediaries - Consultation Document

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