Compensation

At PRL, we are committed to delivering exceptional, professional service tailored to our clients’ unique needs. As an independent insurance broker, no insurance company has a financial interest in PRL, nor does PRL have a financial interest in any insurance company – ensuring our advice is unbiased and always in your best interest.

Table of Commissions

Consistent with industry practice, we receive compensation in the form of commissions as part of the insurance premium. The range of compensation for each company and class of business varies. The following outlines the range of compensation as a percentage of the premium.

Commission Schedule

PRL-Commission-Schedule 2025

 

The insurers noted above with an asterisk may pay us contingent profit commissions. Contingent commissions are not guaranteed. This commission is contingent on specific criteria being met. Though the criteria vary, in general, contingent commissions are conditional on the growth of business with the insurer, client retention, assisting the insurer with gathering underwriting information, and maintaining set loss or claims thresholds during a specific time period, typically annually. The contingent commission depends on factors relating to the overall size and/or profitability of a group of accounts over the course of the set period, not to the placement or profitability of any particular insurance policy. As a result, the amount of contingent commission attributable to a specific insurance policy will not be known at the time of placement.

 

Premium Financing

PRL has an arrangement with Imperial PFS Canada to provide premium financing quotes to our clients. PRL is compensated by Imperial PFS Canada an amount up to 1% of the total premium for the administrative services PRL provides to Imperial PFS Canada. If you have any questions regarding premium finance quotes, please contact your client executive.