Limitation of Liability

McVey Insurance Service Ltd., its affiliates and related companies take no responsibility for the accuracy or validity of any claims or statements contained in the information, or related graphics of this site.

Further, McVey Insurance Service Ltd. makes no representations whatsoever about the suitability of any of the information contained in the information or graphics on this site for any purpose. All such information and related graphics are provided without warranty of any kind.

McVey Insurance Service Ltd. makes no representations whatsoever about any other Website which you may access through this site. When you access a non-McVey Insurance Service Ltd. Website, you understand and acknowledge that it is independent from McVey Insurance Service Ltd., and that McVey Insurance Service Ltd. has no control over the content on any such Website.

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IN NO EVENT WILL MCVEY INSURANCE SERVICE LTD. BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THE INFORMATION AVAILABLE OR REFERRED TO ON THIS SITE.
 
UPDATED BROKER COMPENSATION
OUR BROKER COMPENSATION
 
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 any 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 Automobile insurers and Property Insurers hat we represent and have included the range of compensation each provides as a percentage of your overall premium.
 
Automobile Insurers
 
Aviva Canada* 12.5% Commonwell Mutual* 12.5%
Economical * 10% to 12.5 % Perth Insurance * 10% to 12.5%
Grenville Mutual* 12.5%   RSA Facility**      7.5 % to 11 %
Wawanesa Mutual* 7.5% to 12.5%***    
       
 
Property Insurers
 
Aviva Canada* 20% Commonwell Mutual* 20%
Economical * 20 % RSA Facility**      20 %
Grenville Mutual* 20%         
Wawanesa Mutual* 20%***    
                                            
 
** Commission is capped at $370.00      *** Company supported broker retirement plan 
 
This commission percentage is paid annually for both new business and renewals.
 
Should there be an increase in the commission schedule we receive from your insurer, or, any other material change that affects compensation arrangements, we will notify you.
 
For us 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 [loss ratio], volume, retention and increased services that we provide on behalf of the Insurer.  Contingent [Profit] Commission is not guaranteed. 
 
For detailed information on Contingent Commission, please go to the individual company’s website.
 
Your Insurer will be providing you with a Consumer Code of Rights and Responsibilities which will be forwarded to you with your new or renewal policy.  If you have any questions regarding this or any other aspect of your insurance, please contact us.
 
Barry W. McVey Sr. – President McVey Insurance Service Ltd.