Auto, Agribusiness, Commercial and Residential Protection We Still Believe Insurance is About People

Agent & Broker Compensationdecorative canadian leaf

Disclosure Agent/Broker Compensation

Usborne & Hibbert Mutual Fire Insurance is your company, owned by you, and we are committed to serving you with professionalism and integrity. The Insurance Industry recently demonstrated its commitment to keeping consumers fully informed – we have nothing to hide.

In keeping with this Code, we feel that you have the right to know how our distributors are compensated. Usborne and Hibbert Insurance distributes it insurance products through licensed agents (distribute only Usborne & Hibbert products) and brokers (distribute Usborne & Hibbert’s products along with others). Our agents and brokers live in the communities that Usborne & Hibbert serves. Our policyholders are therefore able to choose the type of insurance professional that best suits their needs and expectations.

Our broker / agent agreements require that your broker / agent exercise the utmost diligence, honesty and good faith in the performance of their duties so that they can provide you with the expert advice, choice and service you require.

Line of Business Base Commission
Automotive 8% to 12.5%
Residential 12% to 20%
Agribusiness and Commercial 12% to 20%

Total commissions paid to distributors for 2014 was 15.5% of written premium. Usborne & Hibbert does not offer any other form of compensation, remuneration or loans, nor does it hold any equity in any brokerage that distributes our insurance products.