Compensation Disclosure
Jones & Associates Insurance Inc. (2002) (“Jones Insurance”) is your independent insurance broker dedicated to serving you with transparency and integrity. We offer personalized, high-quality services, including professional insurance advice, ongoing policy maintenance, and claims support. When issues arise regarding your insurance coverage, we act as your advocate, using our expertise to represent your interests effectively.
You Should Know
Jones Insurance cannot bind coverage via email, phone message, or fax. You must speak directly to one of our licensed brokers.
How We Earn Your Trust and Compensation
Our income is earned through commissions already included in your insurance premium, ensuring you are never charged additionally above the cost of coverage. This approach is standard practice across all brokerages. Commission rates vary depending on the type of policy and the insurer’s guidelines, with auto insurance typically at the lower end and property insurance at the higher end. Below is a breakdown of compensation rates from the insurers we
| Insurer | Commission Rate | Insurer | Commission Rate |
| Allianz | 0-30% | Gore* | 12.5-20% |
| Aviva* | 12.5-20% | GMS | 0-30% |
| CAA Insurance* | 12.5-25% | Hagerty | 12.5% |
| CAA My Pace | $100 per policy | Intact* | 7.5-20% |
| CAA Memberships | $20 per membership | Jevco | 5-12.5% |
| Economical (Definity)* | 12.5-20% | Wawanesa* | 12.5-20% |
| Facility (Nordic) | 6-11% (capped @ $250) | Various Specialty Markets | 3-20% |
Additionally, we may charge fees for non-standard insurance accounts that require specialized consideration and additional administrative resources. These fees will always be disclosed to you in advance and are based on the complexity and service requirements of the account. We will notify you promptly if there are any material changes to our compensation arrangements, including increases in commission schedules from insurers. Your Insurer will also be providing you with a Consumer Code of Rights and Responsibilities with your policy.
Contingent (Profit) Commission
Insurers marked with an asterisk (*) may reward our brokerage through contingent (profit) commission contracts. These payments depend on factors such as growth, profitability, volume, retention, or additional services but are not guaranteed. Occasionally, insurers may offer performance-based incentives, such as trips, contests, or invitations to company specific events or conventions.
Why You Can Trust Our Registered Insurance Brokers
Jones Insurance and all our Insurance Brokers are regulated by Registered Insurance Brokers of Ontario (RIBO). RIBO, as guided by provincial legislation, acts as governance among our profession to ensure that all brokers advising clients are licensed professionals who have passed RIBO qualification exams. Jones Insurance is independently owned, with no ownership or controlling interest from any insurance company. This independence allows us to provide unbiased recommendations tailored to your needs. Unlike agents who represent a single insurer, we work with multiple insurers, offering a variety of options and acting as your advocate to find the best solutions.
Our brokers must prioritize your best interests and adhere to strict professional standards. Any violation of these standards can result in disciplinary action, including license revocation. Our commitment to transparency, integrity, and customer-focused service ensures that you can trust us to meet your needs.
Contact Us: We’re here to help. If you have questions or need further clarification, contact our Broker Team at:
Phone: 807-343-9444
Website: www.jonesins.com/our-team The information from this document can also be found online here.
When you work with a small business, you empower our community. We sincerely thank you for trusting our locally owned brokerage for your insurance needs.
