Disclosure statement
Steer Inc., is a privately held, independent Canadian insurance broker. No insurer owns shares in our company. We have no commitments or special
financial arrangements to maintain or increase insurance premiums with any insurer.
OUR STATEMENT ON SERVICES PROVIDED:
Our role is to provide you with the best insurance value combining coverage, service and price. We offer 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 advocates, using professional experience to best represent your individual interest.
OUR STATEMENT ON BROKER CONTINGENT (PROFIT) COMMISSION:
In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. Our contracted insurers recognize our efforts through a contingent commission contract. Payment of contingent commissions is not guaranteed and may depend on profitability, volume, retention and growth. For detailed information on contingent commissions, please refer to each insurance company’s website.
OUR STATEMENT ON OWNERSHIP AND FINANCIAL LINKS:
No insurer owns shares in Steer. We DO NOT have any loans from an insurance company that would require us to maintain or grow the premiums with any market.
Our disclosure statement is updated annually and is made in the best interests of customers. We also encourage you to review the commitments stated by individual insurance companies and related associations by consulting their websites or accessing other available sources.
Steer Inc.
2024
SUMMARY OF BROKER COMPENSATION
| INSURER (as % of premium) |
COMMERCIAL LINES
Auto |
COMMERCIAL LINES
Property & Casualty |
|---|---|---|
| AIG | 7.5 to 14 | 12.5 to 20 |
| Allianz Global Risks | N/A | 12.5 to 15 |
| AVIVA Insurance Company of Canada | 7.5 to 12.5 | 10 to 15 |
| Beazley Canada Ltd | N/A | 10 to 20 |
| Berkley Canada | N/A | 10 to 17.5 |
| Berkshire Hathaway Specialty Insurance | N/A | 15 to 17.5 |
| The Boiler Inspection and Insurance Company. Munich RE. | N/A | 10 to 20 |
| CannGenn Insur | 7.5 to 12.5 | 15 to 20 |
| CFC Underwriting | N/A | 10 to 20 |
| Continental Casualty Company (CNA) | N/A | 10 to 15 |
| Chubb Insurance Company of Canada | 7.5 to 12.5 | 15 to 20 |
| Echelon Insurance | 7.5 to 12.5 | 12.5 to 20 |
| Economical Insurance | 7.5 to 12.5 | 12.5 to 20 |
| Global Aerospace | N/A | 10 to 15 |
| Great American Insurance Group | N/A | 10 to 15 |
| HDI Gerling | 7.5 to 12.5 | 10 to 15 |
| Intact Insurance Company of Canada | 7.5 to 14 | 10 to 20 |
| Liberty International Underwriters Canada | N/A | 15 to 20 |
| Lloyd’s of London | N/A | 10 to 20 |
| Markel International | N/A | 10 to 20 |
| Premier Marine | N/A | 10 to 15 |
| RSA – Royal & Sun Alliance Insurance Company of Canada | 7.5 to 12.5 | 10 to 20 |
| Southwestern Group | 7.5 to 12.5 | 10 to 15 |
| Strategic Underwriting Managers Inc. | 7.5 to 12.5 | 10 to 20 |
| Tokio Marine | N/A | 12.5 to 20 |
| Travelers Canada | 7.5 to 12.5 | 12.5 to 20 |
| XL Catlin Insurance Company Ltd. | N/A | 12.5 to 15 |
| Zurich Canada | 7.5 to 14 | 15 to 20 |
NOTE: Occasionally, Steer Inc. will place insurance with other licensed Canadian insurance companies or a Managing General Underwriter that is acting on behalf of one or more licensed Canadian insurance companies. If you have not been separately advised of Steer’s commission arrangement with those companies, please contact our finance team at 416-366-1141. For all regulatory disclosures, please click here.