Type choices :
Strictly necessary cookies

These cookies are essential to provide you with services available through our website and to enable you to use certain features of our website. Without these cookies, we cannot provide you certain services on our website.

Functionality cookies

These cookies are used to provide you with a more personalized experience on our website and to remember choices you make when you use our website. For example, we may use functionality cookies to remember your language preferences or remember your login details.

Tracking cookies

These cookies are used to collect information to analyze the traffic to our website and how visitors are using our website. For example, these cookies may track things such as how long you spend on the website or the pages you visit which helps us to understand how we can improve our website site for you. The information collected through these tracking and performance cookies do not identify any individual visitor.

Targeting cookies

These cookies are used to show advertising that is likely to be of interest to you based on your browsing habits. These cookies, as served by our content and/or advertising providers, may combine information they collected from our website with other information they have independently collected relating to your web browser's activities across their network of websites. If you choose to remove or disable these targeting or advertising cookies, you will still see adverts but they may not be relevant to you.

At Goldstandard Insurance we work on your behalf to provide you with a complete customized policy at the best possible price.

Broker Compensation

We are an independent, privately owned brokerage, Gold Standard Insurance works for you, and its not bound to a single insurance company, we represent some of the largest insurance carriers in Canada allowing us to provide you with the best coverage to fit your lifestyle at the best possible price. Our insurance professionals are licensed and trained to provide you with experienced based insurance advice, coverage, service and will advocate for you if an issue or claim should arise. There is no direct or indirect ownership interest by any insurance company or financial institution; our compensation structure will never impact our advice to you.

As we invest in our clients, we receive compensation for our services through a commission percentage, which is already built into your total premium. For transparency purposes below you will find a schedule of commissions organized by insurer and product type.

Commission percentages are paid annually to the broker and apply to new and renewed policies. Should there be any commission increase or other material change in compensation from your insurance carrier, you will be duly notified.


Companies Property Automobile Watercraft
April Marine - - 15%
CHUBB 15% - -
Echelon Insurance - 12.5% -
Economical Insurance (Definity) 20% 10% – 12.5% -
Facility Insurance -

6% - 11%

(Capped at $250)

-
Forward Insurance Managers Ltd. 15% - -
Hagerty Insurance - 12.5% -
Intact Insurance 20% 10% – 12.5% -
Optimum 20% 12.5% -
Pacific Marine - - 15%
PAFCO Insurance - 12.5% -
PAL Insurance - - -
Pembridge 20% 12.5% -
Premier Group 7% - 15% - 7% - 15%
Travelers Insurance Company of Canada 20% 12.5% -
Unica 20% 12.5% -
Wawanesa Insurance 20% 12.5% -

*This company offers incentives under Contingent (Profit) Commission or Growth contracts.

Insurance providers carefully select and price business so that total premiums exceed the cost of claims paid to be successful. They may provide programs that incentivize growth, profitability, and retention in desired lines of business. Billyard Insurance Group may qualify for compensation under such Contingent Commission programs. Commission through these programs is calculated using proprietary formulas based on overall written premium, growth rates, profitability (loss ratio), and retention percentages.

Important Documents



Additionally, our brokers. executives or other employees may be provided with the occasion to attend sales or educational conferences held or sponsored by our insurance company partners.

Please refer to the Consumer Code of Rights and Responsibilities to learn of the commitments made by your insurance company. This information is available to you at any time through our website, for which a link is provided to all our clients on all correspondence and has been placed on our staff email signature.

Should you have any questions about this declaration or questions related to your insurance, please contact us.