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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 premiumCommission
Under $100,00010%
$100,000 to $200,0008%
$200,000 to $400,0006%
$400,000 to $600,0005%
$600,000 to $1,000,0004%
$1,000,000 and above3%

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.

RiskX Insurance Brokers Inc. is a licensed Canadian benefits brokerage paid through standard insurance carrier commissions disclosed to every client. The group benefits commission schedule is published in full below and scales down as a plan grows: 10% under $100,000 in annual premium, 8% from $100,000 to $200,000, 6% from $200,000 to $400,000, 5% from $400,000 to $600,000, 4% from $600,000 to $1,000,000, and 3% at $1,000,000 and above. RiskX discloses the commission earned on each client's plan in writing every year. RiskX is independent - not owned by any insurer - and discloses every insurer relationship, commission structure, and conflict of interest below. On group retirement plans, advisor compensation varies by provider: on some platforms it is billed separately, and on others it forms part of the plan's management fee. We tell you which applies to your plan, in writing, before you decide.

RiskX is a Canadian independent employee-benefits and group-retirement brokerage, founded in 1994, serving group retirement employers across Canada outside Quebec, with health and dental licensing in Alberta and Ontario.

Last updated: August 2026