Individuals and companies of all sizes rely heavily on the expertise of financial professionals for success with their investments and business ventures. However, this high level of trust comes with considerable liability exposure. ENCON’s Errors and Omissions (E&O) insurance protects financial professionals against allegations of errors, omissions and negligent acts.

The following provides examples of a few of the financial professions eligible for ENCON’s E&O insurance:

• Accountants
• Bookkeepers
• Chartered general accountants (CGA)
• Chartered management accountants (CMA)
• Collection agencies
• Management consultants
• Premium financing companies

• Policy Form – The insurance is written on a claims-made basis
• Policy Period – Annual and multi-year policies
• Capacity –  Limits up to $5,000,000 with higher limits available on an individual basis
• Territory – Services rendered anywhere in the world, however, suits or judicial proceedings must first be brought against the insured in Canada

• Broad definition of insured
• Broad definition of insured services
• CGL insurance is available for E&O policyholders

• Commercial Umbrella Liability New!
• Security and Privacy Liability Coverage Endorsement New!
• Employment practices wrongful act liability coverage endorsement available for firms with less than 50 employees

• A completed profession-specific ENCON E&O application form (see list below) or a completed generic ENCON Errors and Omissions Insurance application form
• All applications must be submitted to ENCON through a licensed insurance broker

Profession-specific applications:

• Accountants (CGA and CMA) and bookkeepers
• Chartered accountants
• Collection agencies

Professional Liability & Construction