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Terms and Conditions
Read this notice before using this website.
By accessing and browsing this website, you accept -- without limitation or qualification -- these terms and conditions.
In these terms and conditions, any reference to "PC® Insurance", "we", "us", or "our" refers collectively to PC Financial Insurance Agency Inc. and PC Financial Insurance Broker Inc. unless otherwise stated.
All coverage is subject to the terms and conditions, limitations and exclusions of your policy or certificate of insurance.
Product and Website Availability
Applicable Law
Information Accuracy
Ownership of Intellectual Property
Trademarks
Links to Third Party Websites
Idea Submission and Use of Information
Disclaimer
Severed Provisions and Entire Agreement
Service Providers
Codes of Conduct
At PC® Insurance, we abide by regulatory responsibilities established by applicable federal, provincial, and territorial governmental authorities and comply with industry best practices set by professional associations.
The Canadian Insurance Services Regulatory Organizations (CISRO) has published the Principles of Conduct for Insurance Intermediaries to help ensure the fair treatment of customers in the life & health insurance and property & casualty insurance sectors. Click this link to review the Principles of Conduct document. Alternatively, you can access it by visiting the CISRO’s website.
As a customer, you have the right to professional advice from brokers or agents who are well informed about the products they are selling.
Codes of Conduct for PC Financial Insurance Agency Inc.
You have the right to be treated with fairness and integrity. Click this link for the Code of Consumer Rights and Responsibilities from the Insurance Bureau of Canada.
Code of Conduct for PC Financial Insurance Broker Inc.
Click this link to review what you should expect when dealing with a licensed insurance broker in Ontario. Alternatively, you can access it by visiting the RIBO’s website.
What We Earn
PC Financial Insurance Agency Inc.
Agency compensation is part of your insurance premium.
For auto and home insurance, we earn a percentage of the premium when a new policy is sold or an existing policy is renewed. This commission percentage is paid annually for both new business and renewals. Based on the financial performance of the policies that we have sold, we also earn additional compensation, which is not guaranteed (collectively called “Contingency Income”). That Contingency Income is determined based on the profit (if any) that is generated over time by all of the auto and home insurance policies we have placed with Aviva General Insurance Company. In other instances, we may earn additional commissions calculated on the overall business we hold with Aviva General Insurance Company.
There is no direct or indirect ownership interest of any insurance company in PC Financial Insurance Agency Inc., nor any loan to or financial guarantee in favour of PC Financial Insurance Agency Inc. from Aviva General Insurance Company. PC Financial Insurance Agency Inc. is an affiliate of President’s Choice Bank, both of which are affiliated companies of Loblaws Inc.
PC Financial Insurance Broker Inc.
Broker compensation is part of your insurance premium.
For auto and home insurance, we earn a percentage of the premium when a new policy is sold or an existing policy is renewed. This commission percentage is paid annually for both new business and renewals. Based on the financial performance of the policies that we have sold, we also earn additional compensation, which is not guaranteed (collectively called “Contingency Income”). That Contingency Income is determined based on the profit (if any) which is generated over time by all of the auto and home insurance policies we have placed with a particular insurance company. In other instances, we may earn additional commissions calculated on the overall business we hold with an insurance company, or we may have some of our operating and marketing expenses reimbursed by those insurers (“Supplemental Income”).
Below, we have listed the insurance companies with whom we have broker contracts, and we show the range of commission percentages that are paid to us, each policy term, for both new policies and renewals.
Insurance Company | Commission | Contingency Income | Supplemental Income |
|---|---|---|---|
Aviva Insurance Company | 7.0% - 20.0% | Y | |
The Dominion of Canada General Insurance Company (Travelers) | 10.0% - 20.0% | Y | |
Economical Insurance Company | 10.0% - 20.0% | Y | |
Intact Insurance Company | 10.0% - 20.0% | N | N |
PAFCO Insurance Company | 10.0% - 20.0% | Y | Y |
Pembridge Insurance Company* | 10.0% - 20.0% | Y | Y |
The Wawanesa Mutual Insurance Company | 12.5% - 20.0% | Y |
There is no direct or indirect ownership interest of any insurance company in PC Financial Insurance Broker Inc., nor any loan to or financial guarantee in favour of PC Financial Insurance Broker Inc. from any insurance company. PC Financial Insurance Broker Inc. is an affiliate of President’s Choice Bank, both of which are affiliated companies of Loblaws Inc.
Our Insurance Providers
PC® Insurance is proud to work with the following insurance companies to provide you with competitive rates and coverage options.
PC Financial Insurance Agency Inc.
Aviva General Insurance Company, a subsidiary of Aviva Canada Inc.
PC Financial Insurance Broker Inc.
Parent Company | Insurance Company |
|---|---|
Aviva | Aviva Insurance Company Elite Insurance Company Scottish & York Insurance Company Traders General Insurance Company |
Travelers Canada | Chieftain Insurance Company The Dominion of Canada General Insurance Company |
Definity | Economical Insurance Company |
Intact | Intact Insurance Company |
PAFCO | PAFCO Insurance Company |
Pembridge | Pembridge Insurance Company |
Wawanesa | The Wawanesa Mutual Insurance Company |
About Aviva Insurance Company
Aviva Insurance Company of Canada provides a broad range of personal and business insurance products and services to policyholders through a network of independent insurance brokers.
About Chieftain Insurance Company
Founded in 1999 by The Dominion of Canada General Insurance Company, Chieftain Insurance offers Ontario residents home, condo, auto, and tenant insurance.
About Economical Insurance Company
Headquartered in Waterloo, Ontario, Economical is one of Canada’s leading property and casualty (P&C) insurance companies and proudly serves Canadians across the country.
About Elite Insurance Company
Elite Insurance is Canada’s largest insurer of leisure lifestyle products and services, offering coverage for specialty personal insurance products.
About Intact Insurance Company
Intact is Canada’s largest home and auto insurance company.
About PAFCO Insurance Company
Pafco provides personal automobile insurance for drivers who do not qualify for coverage in the standard insurance marketplace.
About Pembridge Insurance Company
Backed by Allstate Insurance Company of Canada, Pembridge offers home and auto insurance to Canadians.
About Scottish & York Insurance Company
Scottish & York Insurance Co. Limited provides traditional home and auto coverage, with a focus on providing competitively priced products.
About the Dominion of Canada General Insurance Company
Operating since 1887, The Dominion is one of Canada’s largest property and casualty insurers.
About the Wawanesa Mutual Insurance Company
As a mutual company owned by its policyholders, Wawanesa Insurance is one of the largest property and casualty insurers in Canada.
About Traders General Insurance Company
One of Canada’s leading group insurers, Traders General Insurance Company provides home and auto insurance to large and mid-sized groups nationwide.