Insurance company E&O
In Canada, insurance companies are subject to a number of federal and provincial regulations designed to protect both policyholders and the insurer.
As one of few companies with a dedicated Financial Institutions team, we understand the nuanced exposures insurance companies face on a day-to-day basis. Our team of dedicated underwriters can custom-tailor our product offerings to provide protection from the unexpected.
A protective partnership
Solutions for complex risks
Target classes
- Life insurance companies
- Mutual insurance companies
- Property and casualty insurance companies
- Reinsurance companies
- Managing General Agents (MGA’s)
Generally excluded from appetite
- Specialty insurers with significant focus in the U.S.
- Viatical/life settlement insurance companies
Policy highlights
- Claim includes a regulatory investigation against an Insured
- Broad definition of professional services, which includes services performed by outside vendors on behalf of the insureds
- Ability to settle a claim without Liberty’s prior written consent if the total loss from the claim does not exceed 50% of the retention
- Reporting language is as soon as practicable, but in no event later than 60 days after the end of the policy period or discovery period
- Non-cancelable by Liberty except for non-payment of premium
Capacity
$15M
Our difference
- Dedicated underwriting team in Canada offering local service in both English and French
- Client focused underwriting team that understands complex risks and are dedicated to providing unparalleled service
- Strong claims reputation for mutual cooperation and sophistication in Canada with a claims team staffed with lawyers
The materials herein are for informational purposes only. All statements made are subject to provisions, exclusions, conditions, and limitations of the applicable insurance policy. Any such case study, example, or illustration cannot guarantee you will achieve similar results or outcomes. Individual outcomes may vary based on your particular facts and circumstances, policy language, and applicable law. Coverages and features are not available in all provinces and territories. Eligibility is subject to meeting applicable underwriting criteria. Learn more about Liberty Mutual Canada, including our privacy policy, at libertymutualcanada.com or call us toll-free at 800-461-5079.
Liberty Mutual Canada is the registered business name under which the Canadian branch of Liberty Mutual Insurance Company operates in Canada. Coverage provided and underwritten by Liberty Mutual Insurance Company.
