Disclaimer

Find out more about our policies

Privacy Notice

This privacy notice discloses the privacy practices for halpenny.com. This privacy notice applies solely to information collected by this web site. It will notify you of the following:

  1. What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
  2. What choices are available to you regarding the use of your data.
  3. The security procedures in place to protect the misuse of your information.
  4. How you can correct any inaccuracies in the information.
 

Information Collection, Use, and Sharing

We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.

We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your request, e.g. to ship an order.

Unless you ask us not to, we may contact you via email in the future to tell you about specials, new products or services, or changes to this privacy policy.

Your Access to and Control Over Information

You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:

  • See what data we have about you, if any.
  • Change/correct any data we have about you.
  • Have us delete any data we have about you.
  • Express any concern you have about our use of your data.
 

Security

We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.

Wherever we collect sensitive information (such as credit card data), that information is encrypted and transmitted to us in a secure way. You can verify this by looking for a closed lock icon at the bottom of your web browser, or looking for “https” at the beginning of the address of the web page.

While we use encryption to protect sensitive information transmitted online, we also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.

If you feel that we are not abiding by this privacy policy, you should contact us immediately via call or email

Broker Compensation Outline

Thank you for your business. 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, and if, 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. As trusted insurance brokers, we have always been willing to reveal our compensation terms if asked by our clients.

With new guidelines provided by governing bodies such as the Insurance Brokers Association of Ontario (IBAO), and RIBO, our insurance brokers now give point-of-sale disclosure of compensation for our insurance products. Information can also be obtained on the respective insurance company websites.

You have the right to ask who is providing compensation to your insurance broker or agent for the sale of your insurance. Your insurance broker or agent will provide information detailing for you how he or she is paid, by whom, and in what ways.

Insurance companies will disclose their compensation arrangements with their distribution networks. Insurance brokers and agents are committed to providing information relating to ownership, financing, and other relevant facts.

 

2021 Commission Disclosure Summary

Since 1912, Halpenny Insurance Brokers Ltd (“Halpenny Insurance”) has been committed to delivering you the best insurance value that combines coverage, service and price. We are your advocates when any issue arises regarding your insurance coverage, using our professional experience to represent your individual interests best.

Brokerage compensation is part of your insurance premium. We earn our income from the commission paid to us on your insurers’ new and renewal business. We have listed the insurers we represent below and include the compensation range each provides as a percentage of your overall premium.

Insurer

Auto

Property

Boiler/EB

Liability

Excess/ Umbrella

D&O / E&O

Cyber / Crime / Other

AIG

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Allianz

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Allied World

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Aviva*

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

AXA XL

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Axis

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Beazley

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

BI&I

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

CAA*

0-12.5%

0-20%

0-22%

0-22%

0-22%

0-22%

0-25%

Chubb

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Coalition

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

CNA

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Ecclesiastical

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Echelon

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Economical*

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Everest

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

FM Global / Affiliated FM

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Gore*

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Great American

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

HDI Global

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Intact*

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Liberty

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Lloyds

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Markel

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Northbridge

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

QBE

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Sovereign

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Starr

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Swiss Re

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Travelers*

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Trisura

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Wawanesa

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Wynward

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

Zurich

0-12.5%

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

MGA’s

 

0-22%

0-22%

0-22%

0-22%

0-22%

0-25%

* To maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. The Insurers with an asterisk noted above recognize our efforts through a Contingent Profit Commission contract. Payment of this Contingent Profit Commission may depend on a combination of growth, profitability, volume, retention and increased services that we provide on behalf of the Insurer. Contingent profit is not guaranteed. For detailed information on contingent commission, please go to the individual company’s website.

FINANCIAL DISCLOSURE: Halpenny Insurance currently has an operating loan from Intact Insurance.

Halpenny Insurance is regulated by The Registered Insurance Brokers of Ontario (“RIBO”). Established in October 1981, RIBO regulates the licensing, professional competence, ethical conduct, and insurance-related financial obligations of all independent general insurance brokers in the province.

Every employee at Halpenny Insurance that advises clients about their insurance needs is a licensed, Registered Insurance Broker who has passed the RIBO qualification exams. As registered insurance brokers, they must represent your best interests when negotiating a contract on behalf of you and the insurer. Insurance brokers must also exercise utmost good faith in performing their duties.

If you require any further information regarding our compensation, please feel free to contact us.