Commission Disclosure

As your Independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable and understandable.  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 an issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.
Brokerage compensation is part of your insurance premium.  For your benefit, we have listed below the major insurers we represent and have included the range of compensation provided as a percentage of your overall premium.
Personal Insurance :
Commission Ranges: Automobile 5% to 12.5%; Property/Liability 10% to 20%
Commercial Insurance Companies:  
Commission Ranges: Automobile 7.5% to 12.5%; Property/Liability 10% to 20%

Commissions are paid annually for both new policies and renewals. 
In order for us to maintain our strong relationships with quality insurers, we work with each to provide the type of business they desire.  Some contracted insurers recognize our efforts through a Contingent (Profit) Commission contract. Payment of this Contingent (Profit) Commission depends on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent (profit) Commission is not guaranteed and can vary considerably from year to year. For detailed information on Contingent Commission, please visit the individual companies’ websites.
Disclosure for the purpose of Conflict of Interest
Ideal is not owned or controlled, either in whole or in part, by any insurer nor does it have any financial interest in any insurance company.
Your Insurer will provide you with a Consumer Code of Rights and Responsibilities which will accompany your new business policy documents. If you have any questions regarding this or any other aspect of your insurance please contact us.