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Errors & Omissions Insurance

Commonly known as E&O Insurance, it is increasingly becoming a requirement for all professional service providers in the business world to carry this coverage. This coverage protects your business from professional liability lawsuits and compensatory damages awarded to clients.

Errors & Omissions Policy Highlights:

  • $2,000,000 Limit / $5,000 Deductible
  • Broad definition of insured services
  • First dollar defense coverage (the $5,000 deductible does not apply to defense costs) to a yearly program aggregate of $10,000,000
  • Duty to defend
  • Provides liability protection arising out of insured services performed in Canada and the United States (claims must be brought forth in Canada)
  • Coverage for bodily injury and property damage arising out of professional services
  • Provides coverage for compensatory damages as well as punitive damages where insurable by law
  • Provides liability against damages resulting from a delay in the performance of any contract or agreement due to an error or omission on the part of the professional
  • 6 month extended reporting period included in the event a claim manifests after you leave (term expires)
  • Claims -made policy

Commercial General Liability Insurance

Commercial General Liability coverage is designed to protect your business from claims that arise for bodily injury, property damage, or personal injury to a third party as a result of your negligence from bodily injury, property damage, or personal injury (i.e. libel, slander).a third party.

Commercial General Liability
  • $2,000,000 Limit / $1,000 Deductible
    • Section A - Bodily Injury and Property Damage includes: products and completed operations, contractual liability and contingent employer's liability
    • Section B - Personal Injury and Advertising Injury
    • Section C - Medical Payments
    • Section D - Tenant's Legal Liability
  • Occurrence-based policy
  • Provides liability protection arising out of insured services performed in Canada and the United States, subject to suit brought in Canada.
Policy Exclusions
Both the E&O and CGL policies contain exclusions which can be found in the master policy wording.
Below are additional exclusions that apply to the policy:

E&O Policy Exclusions
Insured Services Extension
Accounting Services Exclusion
CGL Policy Exclusions
CGL Exclusions
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