Compensation Disclosure

Compensation Disclosure

At Bullfrog Insurance Ltd., our role is to provide you with the best insurance value that combines coverage, service, and price. We also provide personalized service that includes professional advice, ongoing policy maintenance and claims support. When an issue arises regarding your insurance coverage, we are your advocate using our experience and leverage with our insurance companies to best represent your interests.

Business Insurance

Broker compensation is part of your premiums. For your benefit, we have listed below our contracted insurance companies and Managing General Agents.

  • Aviva Insurance Company of Canada*
  • Northbridge Insurance*
  • Lloyds of London (accessed through South Western Insurance Group Ltd.)*

We are paid commissions for each policy that we issue (new business and renewals) which ranges from 15% to 25% for property and liability insurance and 15% to 25% for specialty lines.

We will notify clients if this commission structure changes or if commissions increase.

Contingent Bonuses

In order for us to maintain strong relationships with our contracted insurance companies we work with them to place business that best fits their target niches. Some insurance companies provide an incentive through profit sharing arrangements if we achieve certain growth, retention and portfolio profitability targets.

The insurance companies noted with a star(*) beside their name have these arrangements in place with our office. These contingent bonuses are never guaranteed and do not influence where we place our clients’ business.

Your insurance company should have provided you with a consumer code of rights and responsibilities. If you do not have a copy it can easily be obtained from their website. If you have any questions regarding this or any other aspect of your insurance please contact us.

Financial Relationships

Bullfrog Insurance has a financial relationship with Northbridge Insurance and Aviva Insurance Company of Canada. Both insurance companies have provided financing to support Bullfrog’s general business strategies.

An Important Update About Bullfrog Insurance 

Please be aware that due to a change in our operations, Bullfrog Insurance has made the difficult decision to start winding down our business. This means we are no longer accepting new clients. 

Are you an existing Bullfrog Insurance client? Rest assured that your coverage remains valid, and you’ll continue to be protected up until your policy expiry date. Watch your inbox for more details from our team.