ABS

Provincial regulations in most provinces state that an "agency" is equal to an "agent" and therefore must hold its own separate and distinct E&O coverage.

Regulators have determined that it is no longer sufficient or compliant for advisors to add your company name as an additional insured to provide full E&O protection to the company.

Due to limitations in Vicarious Liability coverage within personal E&O policies Regulators have determined that this in insufficient protection for companies when compared to stand-a-lone corporate coverage.

Corporate E&O for Financial Advisor Agencies Protects Against Legal Action/Claims from:
  • Suits arising from the conduct of a former broker/agent
  • Loss arising from the conduct of an unlicensed agency representative
  • If an agent/broker fails to maintains personal E&O coverage
  • When the agency/firm is named solely in a claim
  • Losses arising from negligence including failure to supervise
Key Features
  • Meets all new provincial regulatory requirements
  • Coverage and Liability Limits dedicated to the corporation
  • Parent-Subsidiary Coverage
  • Branch Office locations coverage
  • Travel Insurance activities
  • Option to combine Office Contents/Property Coverage
  • Option to combine Commercial General Liability Insurance

Advocis Broker Services | 390 Queens Quay West, Suite 210, Toronto, ON M5V 3A2 | (416) 646-9888
(877) 646-9888