The impact of property damage or some form of crime can be devastating for a business. ENCON offers Property and Crime insurance to protect against these exposures. Property insurance covers building(s) and business contents and indemnifies an insured whose property is stolen, damaged or destroyed by a covered peril. Crime insurance provides coverage for the perils of burglary, theft and robbery.

This coverage is available to most classes of ENCON’s policyholders as a complement to their professional liability or errors and omissions (E&O) insurance. Property and Crime packages are available for risks underwritten in the:

• Technology insurance program
• Architects and Engineers, and Errors and Omissions programs
• Non-profit Directors and Officers program (to policyholders with low to moderate property and crime exposures, such as offices)

• Policy Form – The insurance is written on an industry-standard  “all risk” form
• Policy Period – Annual policies (the expiry dates shall coincide with the anniversary date of the professional liability or E&O policy)
• Capacity – Business contents basic limit starting at $30,000 (higher limits available upon request)
• Property Deductible – $1,000 except for major perils as follows:
• $10,000 flood
• $2,500 sewer back-up
• Five per cent or minimum $100,000 earthquake (may be higher for certain locations in Quebec and British Columbia)
• Premiums – Starting at $500
• Territory – Canada and the continental United States

General Features

• Financial security and claims service are provided by Aviva Insurance Company of Canada
• Standard broker commission for Property and Crime insurance packages is 20 per cent

Property Insurance Features

• Broad “all risks” form (including coverage for the perils of earthquake, flood and sewer back-up) for building(s) and business contents for amounts of insurance quoted
• Coverage includes extensions for building bylaws, inflation guard and replacement cost

Crime 3D Insurance Features

• Comprehensive 3D Rider, including employee dishonesty form A, loss inside/outside, money orders, counterfeit currency and depositors forgery

• Frequently requested coverage extension endorsements are included or available upon request for additional premium

• A completed ENCON/Aviva Property and Crime application form for professional liability or E&O policyholders or a completed ENCON/Aviva Property and Crime application form for Technology policyholders
• All applications must be submitted to ENCON through a licensed insurance broker

Once we receive the application, the Property and Crime business will be serviced by the ENCON underwriter who handles the applicant’s professional liability or E&O policy.

Professional Liability & Construction