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New Errors and Omissions Insurance Program for Members
of the Institute of Municipal Assessors
The Institute of Municipal Assessors (IMA) is pleased to announce a new errors & omissions liability insurance program for those members who require such coverage. This program has been designed for IMA members engaged in providing property assessment and taxation services, and representation at property assessment and taxation tribunals within the Province of Ontario. The program is competitive, provides superior service, and has been specially designed to meet the needs of the IMA membership.
We have selected Insurance Portfolio Inc. as the broker and ENCON Insurance Managers as the underwriters for this program.
Some of the details of this coverage are as follows:
· Policy wordings compliant with the Law Society of Upper Canada (LSUC) requirements.
· Exclusive and lowest premiums/rates.
· Flexibility of Liability limits.
· The following chart outlines the base limits offered through this program, please
note customized packages are also available.
|
Per Claim |
Per Policy Period |
Deductible |
Premium |
|
$1,000,000 |
$2,000,000 |
$1,000 |
$725 |
|
$2,000,000 |
$2,000,000 |
$1,000 |
$875 |
|
$2,000,000 |
$4,000,000 |
$1,000 |
$1,200 |
· No exclusion for Libel/Slander.
· Retirement/Death/Disability/Cessation of Business Endorsement available.
· Penal Defense Reimbursement sublimit of $50,000. included.
· No Retroactive Date for new claims taken against prior service.
· Existing ENCON Policy holders (must be a member of the IMA) may take advantage of IMA premiums/liability rates by converting current stand alone policies to the IMA group policy. For further details or assistance, please contact Insurance Portfolio directly.
· Application easy to complete and tailored to your needs.
For more information about this program or to apply, please contact:
Bonnie Williamson at Insurance Portfolio Inc.
Toll Free:1-800-773-8638 or 416-754-3910
Fax: 416-754-3914
CLICK HERE to download the application form. Please fax all application forms directly to Insurance Portfolio.
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