Policy Period: May 1, 2016 - May 1, 2017 (premiums are prorated based on the date you apply)
Limits of Insurance Available: $1,000,000 - $5,000,000. There is no program aggregate.
Deductible: $1,000 Life and Mutual Fund Claims
Defence Costs: In excess of the Limit of Liability. The deductible is not applicable to defence costs.Applies only to claims which give rise to suits or judicial proceedings brought against the insured within Canada.
Prior Acts: The inception date of the Insured's first claims made professional liability policy for Professional Services as , provided such coverage has been maintained in force and without interruption.
Coverage for Appearance before a Disciplinary Body: $10,000 Sub-limit per Insured Agent, no policy aggregate (every Insured Agent may trigger this coverage).
Vicarious Liability Coverage for Firms: Coverage extends to the MGA through which the Agent is contracted to do business.
Extended Reporting Period Coverage: 1-10 years is available for purchase
Privasure: Provides coverage to a maximum of $50,000 less $5,000 deductible (maximum payable by the insurer=$45,000) Additional premium is $75.00