Brokerage Relationships & Compensation
Last updated: August 2026
At RiskX Insurance Brokers Inc., we believe in full transparency. While not all disclosures are mandated by law, we choose to be open about our compensation because we believe our clients deserve to know how we are incentivized.
How We Are Paid
Our compensation is built into your insurance premium and is paid to us by the insurance providers. We are compensated in two primary ways:
Commissions
We receive a percentage of the premium paid for the life of the policy. For Group Benefits, the percentage is set by the size of the plan: the larger the annual premium, the lower the rate. This is our published schedule.
| Annual premium | Commission |
|---|---|
| Under $100,000 | 10% |
| $100,000 to $200,000 | 8% |
| $200,000 to $400,000 | 6% |
| $400,000 to $600,000 | 5% |
| $600,000 to $1,000,000 | 4% |
| $1,000,000 and above | 3% |
We disclose the commission we earn on your plan to you in writing every year, so you always know what we are paid and how it changes as your plan grows.
Contingent Commissions (Bonuses)
Some insurers may provide additional compensation based on the overall performance of our entire portfolio with them (e.g., growth or profitability). This is not guaranteed and never influences our recommendation for an individual client.
Insurers We Represent
We work with Canada's leading carriers to find the right fit for your business. We hold contracts with:
- Sun Life
- Manulife
- Canada Life
- Equitable Life
- Desjardins
- Industrial Alliance (iA)
- Empire Life
Conflict of Interest Disclosure
RiskX Insurance Brokers Inc. is a proudly independent brokerage. No insurance company holds an ownership interest in our firm, and we do not hold any financial interest in any insurance company.
Principles of Conduct
We are committed to the fair treatment of our customers. We strictly adhere to the CISRO Principles of Conduct for Insurance Intermediaries, a national standard that ensures we act with integrity and prioritize your interests.
View the CISRO Principles of Conduct (PDF) →Professional Standards (E&O)
RiskX Insurance Brokers Inc. meets all regulatory requirements for professional liability. We maintain Errors and Omissions (E&O) Insurance with a minimum of $1,000,000 per occurrence, including extended coverage for loss resulting from fraudulent acts, as required by the Financial Services Regulatory Authority of Ontario (FSRA).
Privacy & PIPEDA Compliance
Your data security is paramount. We are fully compliant with the Personal Information Protection and Electronic Documents Act (PIPEDA).
Data Protection
We use industry-leading safeguards to protect sensitive employee information.
Purpose
Information is collected solely for the administration and placement of your group benefits.
Client Rights
You and your employees have the right to access and verify any personal data we hold.