Coverage for activities related to a securities registrant registered with the Investment Industry Regulatory Organization of Canada, including:
- Mutual Funds *
- Review Engagements
- Executor of Estates
- Notary Public
- Commissioner of Oaths
- Fee for Servicing Planning
- Financial Divorce Specialist & Certified Divorce Specialist
Coverage also applies to services provided on a fee basis within the scope of a Certificate Holder’s licensing and designations.
*Representative registered with IIROC to sell mutual funds.
Limits & Policy Aggregate
Available limits are $1M, $2M, $3M, $4M, $5M, or $10M per claim (single limit aggregate per policy period applies to each Certificate of Insurance).
Please note that Coverage B and Coverage C are subject to a shared $50M policy aggregate for all Certificate Holders.
$5,000 per claim.
For Coverage B, legal Defence Costs and supplementary payments are part of, and not in addition to, the limit of liability selected.
Worldwide coverage is provided (subject to the claim being made and brought within Canada, the United States, and its territories and possessions, including the District of Columbia).
The E&O program does not apply to any known claim or known circumstances which may reasonably result in a claim, whether reported in the application or not, known to any Insured before the effective date of this policy. When this replaces, without interruption, a policy previously issued by that Insurer, this exclusion applies only to claims previously known to an Insured before the inception date of the first policy issued by the Insurer.
Extended Reporting Period Coverage (also referred to as ERP)
Leaving the business? Your exposure to allegations of negligence does not end when you cease practice. You can elect to purchase two to five years and unlimited Extended Reporting Period Coverage under the policy. For more information, review the Extended Reporting Period Coverage application below.
Discount for Loss Prevention and Control Seminars
Members attending a Loss Prevention and Control/ Protect Your Practice Seminar may be entitled to a 5% discount* on their renewal premium for three consecutive years. Contact your local Advocis Chapter for seminar dates.
*Some conditions may apply for members with current or prior claims history.