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Commission Schedule

Sovereign Insurance supports and compensates the value-added services provided by independent brokers. Building strong relationships with our broker network enables us to serve clients better and drive our purpose of helping to protect Canadian businesses and the communities they serve.

Independent Broker Compensation

Line of Business

Commercial Solutions

  • Property
  • Casualty
  • Automobile

Specialty Lines Solutions

  • Surety
  • Errors & Omissions
  • Equipment Breakdown
  • Director's & Officers
  • Warranty
  • Marine
  • Technology & Cyber

Standard Commission


  • 20% - 25%
  • 15% - 25%
  • 7.5% - 12.5%


  • 20% - 30%
  • 15%
  • 20%
  • 15%
  • 20% - 30%
  • 24% - 29%
  • 15%

Commissions may vary on individual policies based on the value-added services provided by the independent broker. For some business, Sovereign distributes products through Managing General Agents (MGA), which have underwriting and administration expertise. An MGA does not provide independent services to the insurance public, rather their products are distributed by independent brokers. The above commissions include the fees charged by the MGA for these services.

Contingent Commissions

Sovereign's contingent commission programs allow for payments to qualifying brokers annually, applicable to their total portfolio of business with the company. Such payments are made based primarily on the profit performance and growth over a period of three years. The total amount of contingent commissions that Sovereign expects to pay in any one year are about 3% of the company's gross written premiums.