Policy Period: 12:01 a.m. May 15th, 2016 to 12:01 a.m. May 15th, 2017
Limits: See the "Cost" Tab for limit options and premiums.
Deductible: $1000 Life, $10,000 Securities.
Defense Costs: Included within the limit of liability.
Prior acts: Full Prior Acts, subject to a Prior and Pending Litigation Endorsement Exclusion (some conditions may apply for members with current or prior claims history).
Coverage for Regulatory Investigation Included for both Life and Securities related investigations, $25,000 sublimit for defense costs only.
Extended Reporting Period Coverage for Cessation of Business: 1-10 years is available for purchase.
PrivaSure Privacy Breach Protection Coverage (Optional): $50,000 limit, $5,000 deductible for privacy breach coverage $75 Additional Premium. Click here to view a PrivaSure Sample Endorsement.
Corporate E&O: While your individual E&O insurance may provide some coverage to
your licensed company under certain circumstances, this coverage may not
satisfy regulatory requirements in the provinces where your company is licensed.
If your corporation is a
‘personal corporation’ and is licensed in the provinces of Saskatchewan,
Newfoundland, or Quebec, it cannot share limits with you, and must have
its own separate limit of insurance. This application for this is done
separately, and can be obtained from Lesley.firstname.lastname@example.org, there is an additional premium cost associated with
If your corporation is
licensed in other provinces, you may be able to include your corporation under
“Personal Corporation” on the application, which will allow your personal
corporation to share a limit with you.
Corporation” means a corporation owned solely by the Insured Individual, or
their spouse, and exists for the purpose of limiting personal liability. A
Personal Corporation does not have partners or employees.
This policy is underwritten by AXIS Reinsurance Company (Canadian Branch). A leader in financial institutions Professional Liability insurance. AXIS Reinsurance Company is rated A+ (Superior) by A.M. Best Company as at April 19, 2016 for financial strength.