Cornell Insurance Brokers Ltd.

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In addition to the Insurance Companies we represent under contract, as indicated above, Cornell Insurance Brokers Ltd will place risks with Specialty Markets when it is our client's best interest. In most cases, these specialty markets provide compensation at a lower rate than the Insurers we represent. In some cases, it may be necessary for us to charge a fee in lieu of, or in addition to the commission payable under the insurance policy. In these cases we will disclose both the fee and any commission payable under the insurance policy. In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. The insurers with and asterisk (*) recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission depends on a combination of profitability (loss ratio) and/or growth (usually over a number of years) and/or increased services that we provide on behalf of the Insurer. In some instances, the occurrence of a few large losses on our book of business can disqualify us from receiving a contingent payment for one or more years.

As your independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable and understandable. Our role is to provide you with the best insurance value that combines coverage, service and price. We also provide personalized quality service that includes professional insurance advice, ongoing policy maintenance and claims support. When any issue arises regarding your insurance coverage, we are your advocate using our professional experience to best represent your individual interest. Brokerage compensation is part of your insurance premium. For your benefit, we have listed Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium that appears on your invoice. Cornell Insurance Brokers Ltd may from time to time enter into non-standard arrangements which could have compensation terms that fall outside these ranges. We may carry out additional services such as data entry, processing claims payments and conducting site surveys. This additional work is compensated by payment of an agreed fee or commission.

PARTIAL LOSSA - loss under an insurance policy which does not either (1) completely destroy or render worthless the insured property, or (2) exhaust the insurance applying thereto. PERIL - Cause of a possible loss. For example, fire, theft, or hail. PERSONAL ARTICLES FLOATER - Provides all risk coverage, subject to reasonable exclusions for valuable items such as furs, jewellery, cameras, silverware, etc. formerly insured under separate contracts. The items are generally listed by description and value. This can be contrasted to the personal effects floater. PERSONAL EFFECTS FLOATER - An inland Marine policy covering world-wide except in the insured's domicile, personal effects usually carried by a tourist. In two forms, "All Risk" or Broad Form and "Specified Perils" form. PERSONAL INJURY - Injury other than bodily injury arising out of false arrest or detention, malicious prosecution, wrongful entry or eviction, libel or slander, or violation of a person's right to privacy committed other than in the course of advertising, publishing, broadcasting or telecasting. Contrast with Advertising Injury. PERSONAL PROPERTY - Any property of an insured other than real property.

Business Insurance You Can Count On Manage your business risks with an insurance broker that understands the unique needs of Ontario companies in many industries. Get customized coverage of your property, fleet, machinery, and even business partners. And have confidence that should unforeseen disasters happen, your business will go on.

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