RCCAQ Insurance and its partner Swiss Re would like you to be able to engage in your professional activities with full peace of mind! For that reason, a number of improvements have been made to the errors and omissions insurance program, as indicated in the table below.
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Coverage
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New limits
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Regulatory investigation expenses
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$50,000 $75,000
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Additional expenses in the event of a disaster (per event)
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$20,000 $50,000
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Subpoena expenses
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$10,000 $25,000
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Reimbursement for lost profits in the event of a claim
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$1,000 $5,000
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The policy wording contains a coverage expansion clause, which means that current policyholders will benefit from these changes straight away. In other words, there's no need to wait to renew your policy in order to implement these changes!
Additional program improvements are on the way in 2017. Please keep an eye out for our communications in this regard for full details on our enhanced product and service offerings.
Protect yourself… Contact us today!
Richard Giroux, CIB, Director, RCCAQ Insurance
(450) 674-6258, ext. 235 rgiroux@rccaq.com
Nadia Karam, Insurance Broker
(450) 674-6258, ext. 224 nkaram@rccaq.com
