Skip to main content

Transparency Statement

At coverboo Insurance Brokers Inc O/A coverboo, we’re all about making insurance easy and affordable for Canadians. We work with different insurance companies to give you the best coverage and rates for your auto, home, business, any other insurance needs you may have.

Our team of licensed and professional brokers are experts at finding the best options for you. We’re independent, which means we’re not tied to any one insurance company, so we can shop around and negotiate on your behalf to get you the best coverage, service, and price options. As a brokerage, we offer a wide variety of insurance products from multiple providers. We handle all the boring stuff like customer acquisition, administrative and processing services, and even community impact work, so you don’t have to.

We want to be totally transparent about our compensation, which is paid in the form of a percentage of commission that the insurance provider builds into your total premium. We’ve provided a schedule below of commissions so you can see what we earn for each product class.

Auto Insurance: 0% – 15%
Home Insurance: 0% – 20%
Business Insurance 0% – 25%

In some cases we participate in insurance company Contingent (Profit) Commission programs, which incentivize us to find the best deals and offer top-notch service to our customers and are based on proprietary formulas involving: overall premium volume; growth percentages; profitability (loss ratio); business retention rates; and other service initiatives, we may qualify for compensation under the Contingent Commission programs of insurers. In addition, our

principals or other personnel may be invited to attend periodic educational or sales conferences sponsored by insurance companies.

If you ever have any questions or concerns about your insurance, don’t hesitate to give us a call at 416-712-9769. We’re always happy to help!

Join our community

Stay up to date on all things coverboo!

Please enable JavaScript in your browser to complete this form.

We love insurance, so you don't have to.

©  2024. coverboo Insurance Brokers Inc.