exclusive Liability Insurance for members OF adr INSTITUTE
July 1, 2012 to July 1, 2013
We are pleased to announce that Marsh Canada Limited continues to be your appointed broker for the ADR Liability Insurance Program. The ADR Institute of Canada and Marsh have been working closely together to develop what can only be described as a new and improved insurance product for ADR members. As such, the insurance provider, effective July 1, 2012 continues to be Certain Underwriter’s at Lloyd’s of London.
PROFESSIONAL LIABILITY
Professional Liability insurance covers liability for damages arising from the rendering of or failure to render Alternative Dispute Resolution services.
To see the Marsh, ADR Canada 2012 Insurance Brochure, click here.
OPTION 1 |
OPTION 2 |
OPTION 3 |
$1,000,000 per claim limit |
$2,000,000 per claim limit |
$3,000,000 per claim limit |
$2,000,000 aggregate limit |
$4,000,000 aggregate limit |
$6,000,000 aggregate limit |
$1,000 deductible |
$1,000 deductible |
$1,000 deductible |
$136 annual cost |
$190 annual cost |
$244 annual cost |
or |
or |
or |
$1,000,000 per claim limit |
$2,000,000 per claim limit |
$3,000,000 per claim limit |
$2,000,000 aggregate limit |
$4,000,000 aggregate limit |
$6,000,000 aggregate limit |
$500 deductible |
$500 deductible |
$500 deductible |
$146 annual cost |
$200 annual cost |
$259 annual cost |
Also included in any of the options listed above are the following extensions of coverage:
COVERAGE |
DEFINITION |
SUB-LIMITS |
Legal Expense Reimbursement |
Offers reimbursement of legal expenses if a complaint is made against you and you are required to defend yourself in front of a disciplinary committee. |
$25,000 per claim |
Criminal Reimbursement |
Provides reimbursement for legal expenses incurred if you are brought into a suit for a criminal offense and were found not guilty. |
Actual Cost Incurred |
COMMERCIAL GENERAL LIABILITY
If you wish to complement your Professional Liability Insurance Policy with Commercial General Liability please see below. This covers liability for property damage and/or bodily injury arising out of your business operations.
Option 1 |
Option 2 |
Option 3 |
Option 4 |
Option 5 |
Limits: $1,000,000 per claim $1,000,000 per aggregate $500,000 Tenants Legal Liability $1,000,000 Standard Non-Owned Auto Deductible -$500 $178.00 Annual Cost |
Limits: $2,000,000 per claim $2,000,000 per aggregate $500,000 Tenants Legal Liability $1,000,000 Standard Non-Owned Auto Deductible -$500 $223.00 Annual Cost |
Limits: $3,000,000 per claim $3,000,000 per aggregate $500,000 Tenants Legal Liability $1,000,000 Standard Non-Owned Auto Deductible -$500 $267.00 Annual Cost |
Limits: $2,000,000 per claim $2,000,000 per aggregate $1,000,000 Tenants Legal Liability $2,000,000 Standard Non-Owned Auto Deductible -$500 $267.00 Annual Cost |
Limits: $3,000,000 per claim $3,000,000 per aggregate $1,000,000 Tenants Legal Liability $2,000,000 Standard Non-Owned Auto Deductible -$500 $321.00 Annual Cost |
For further information, contact:
Theresa Mukoyi, Client Representative Email: errorsandomissions.insurance@marsh.com
Janet Lobo, Assistant Vice President Email: Janet.lobo@marsh.com
Marsh Canada Ltd.
70 University Avenue
Toronto, ON M5J 2M4
Tel: 416-349-3596 | 1-888-711-9010 | Fax: 416.349.4788
Tail Coverage
In the first year following retirement, your premium will be 75% of your last premium paid. Any following year, it is 50%.
This insurance covers you for claims made against you after you have stopped practising. For more information please click here.
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