As trusted advisors to their clients on the issue of property and casualty risk management, insurance brokers face a range of their own liability exposures. ENCON’s Errors and Omissions (E&O) insurance protects insurance brokers against allegations of errors, omissions and negligent acts.

• Licensed insurance agents and brokers

• Policy Form – The insurance is written on a claims-made and reported basis with full coverage for prior acts
• Policy Period – Annual and multi-year policies
• Capacity – Limits up to $10,000,000 available with many attractive deductible options (higher limits also available upon request)
• Territory – Services rendered and claims made anywhere in the world New!

• First dollar defence coverage (deductible does not apply to defence costs)
• Defence costs are excess of the limit
• Punitive and exemplary damages coverage, where insurable by law New!
• Loss of earnings coverage (up to $500 per day) for an insured who attends discoveries and/or trial as part of the defence of a claim New!
• Disciplinary matters coverage, subject to a sublimit of $25,000 Enhanced *
• Penal defence costs reimbursement, subject to a sublimit of $50,000 New!
• Outside directorship coverage (ODL) for non-profit organizations, subject to a sublimit of $500,000 New!
• Extended Reporting Period – 90 day basic (no charge) plus one year optional (max 50% of expiring annual premium) New! **
• Automatic confirmation of coverage to licensing bodies
• Brokers deal directly with ENCON, affording two major advantages: the first, saving of the broker’s commission and, the second, confidential information is not revealed to competitors
• Broad definition of insured
• Broad definition of insured services
• CGL insurance is available for E&O policyholders

* New coverage for insureds in Quebec and an enhanced coverage for insureds elsewhere in Canada.
** New coverage for insureds outside of Quebec.

• Commercial Umbrella Liability New!
• Security and Privacy Liability Coverage Endorsement New!
• Incidental Life Agent Coverage for General Insurance Brokers
• Hail Insurance
• Travel Insurance
• 3D Fidelity Bond Coverage
• Employment practices wrongful act liability coverage endorsement available for firms with less than 50 employees

• A completed ENCON Insurance Agents and Brokers application form
• All applications must be submitted to ENCON through a licensed insurance broker

Professional Liability & Construction