Our role is to be involved in every detail of your bond program, from assisting you with the selection of your surety company, to negotiating terms, conditions and rates, to servicing your ongoing requirements. We devote 100% of our effort to servicing your bonding needs. We are your advocate with your surety company representing your best interests.
As an insurance broker licensed under Ontario’s Registered Insurance Brokers Act (RIBO), we are required to share information about being RIBO licensed, commissions information and conflicts like ownership.
Brokerage compensation is included in the premium paid for your bonds. Surety commissions range from 5% to 35% of the premium. Should your surety company increase commission, you will be notified. For your benefit, listed below are the surety companies with whom we currently have a contract.
- Amynta Surety Solutions Canada (MGA)
- Arch Insurance Company
- Aviva Insurance Company of Canada *
- Berkley Insurance Company
- Chubb Insurance Company of Canada
- Continental Casualty Company
- Euler Hermes North America Insurance Company (Allianz)
- Everest Insurance Company of Canada
- Great American Insurance Company
- Hartford Fire Insurance Company *
- Intact Insurance Company *
- Liberty Mutual Insurance Company
- National Liability & Fire Insurance Company, a Berkshire Hathaway Company
- Sompo Japan Insurance Inc., Canada Branch
- Swiss Re Corporate Solutions America Insurance Corporation
- Travelers Insurance Company of Canada
- Trisura Guarantee Insurance Company *
- Western Surety Company *
- XL Specialty Insurance Company
- Zurich Insurance Company Ltd
In order for us to maintain strong relationships with quality surety companies, we work with each to provide the type of business they desire. The surety companies above marked with an asterisk (‘*’) 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 surety. It is based on our entire portfolio of business with that surety and not on individual bonds. Contingent commission is not guaranteed. For detailed information on Contingent Commission or your surety company’s Code of Conduct, please refer to the individual company’s website.
No insurance company has common ownership with Rosenberg & Parker of Canada, Inc. Rosenberg & Parker of Canada, Inc. has never had a loan guaranteed by any insurance company. Rosenberg & Parker of Canada, Inc. does not participate in sales incentives offered by insurance companies.
Should you require further details, please do not hesitate to contact us at information@suretybond.com.
