www.algomafinancialgroup.com

 

   SARVAC

 Liability | Accident | Property | Contacts


Liability

 $5,000,000 Liability Limits, pays for Liability Imposed by law or assumed under contract for damages because of Bodily Injury or Property Damage. 

  Included in this policy:

·         Defense Costs Included

·         The rendering or the failure to render your Services

·         Paying premiums on appeal bonds required in defense of a suit

·         Includes tax and interest accruing after judgment upon you

·         Liability imposed for Medical Surgical relief to others imperative at the time of the accident.

·         Watercraft liability for boats owned, less than 10 meters in length.

·         Intentional Force – For use of reasonable force for purpose of protecting persons or property

·         Wrongful entry or eviction

·         Invasion of the right of private occupancy

·         Discrimination

·         Mental anguish, shock, humiliation, harassment

·         False detention

·         Cross Liability Clause

·         Libel, slander, defamation of character

·         Punitive and Compensatory awards:

Punitive Damages awards for both Compensatory and Punitive Damages. To further explain:

                 

Compensatory damages are designed to repay a claimant for actual costs of securing needed medical care after
an injury, repairing damaged property, restoring any lost income and the like as well as to provide more
generalized compensation for physical and/or psychological pain and suffering.

 

Punitive damages are assessed against the wrongdoer as a punishment and are paid directly to the claimant.
The punitive damages are awarded in the cases of gross negligence. These cases can arise in medical and first
aid type law suits (or any others the court deems necessary). The limit for punitive damage is $100,000.

 

·         Legal expense up to $50,000 per charge for Provincial inquests, tribunals’ inquests, hearings. Includes 100% of legal fees including disbursements incurred in defense of a charge laid for an alleged offense under the act.

·         Non-owned automobile liability – Liability for damage to property of others or injury to others as a result of Volunteers using vehicles not owned by the SAR Unit.

·         Advertisers Liability - $5,000,000 limit of coverage – Even if such suit is groundless, false, or fraudulent

·         Tenants legal Liability, $5,000,000 all Locations. – Legal liability coverage for Property damage to surroundings you occupy as a tenant.

 

  Directors and Officers Liability Included

·         $2,000,000 limit (higher limits available upon request)

 

  Protects you as a Board Member and your Board of Directors. Director and Officer coverage protects your personal assets as
  they are, in fact, are vulnerable to legal suits (when you fulfill your duties as a Board Member). These suits may rise as a result
  of actions or decisions made by you or your Board of Directors.

 

  Our program goes further. We include Association liability, which is a broader for of Director and Officer Liability Coverage.

  

  Insured:

·         The association (named insured – SAR Unit), Directors and Officers, Employees and Trustees, Volunteers,
Committee Members, and any other person acting on behalf of the Association or of an Officer of the Board of Directors of the Association. This is also extended to include spouses of the insured.

 

  Pays: On behalf of the

·          ‘Insured’ for ‘loss’ sustained as a result of any claim arising from a ‘wrongful act’.

 

  Loss:

·          Damages, Judgments, settlements and costs, charges and expenses.

 

  Claim:

·          Any judicial or administrative proceeding initiated against any insured for damages or other relief.

 

  Wrongful Act:

·          Any actual or alleged error or misstatement or misleading statement or act or omission or negligent breach of duty
by any 'Insured' or any other matter claimed against any 'Insured' arising out of the administration of the Association.

 

This provides a very brief summary of coverages only and is subject to the terms, conditions and limitations of the policy in force. Policy coverages and limits and rates are subject to change without notice. Please contact your insurance representative should there be any further information required. 

 


Accident

 

 Overview of Coverage

 

  Class I -  Directors: Benefit Amount – $100,000 – Search and Rescue Operations and 24 Hour Business Travel
  Class II - Volunteers: Benefit Amount – $100,000 – Search and Rescue Operations

  Accidental Death & Dismemberment Benefits:   This benefit applies to all Classes of Insured Persons.    

  The following are Losses insured and the corresponding Benefit Amount expressed as a percentage of the
  Principal Sum:

 

 Loss Schedule

Accidental

Benefits Amounts (percentage of Principal Sum)

Loss of Life

100%

Loss of Speech and Loss of Hearing

100%

Loss of Arms (both) or Loss of Legs (both)

200%*

Loss of One Arm or Loss of One Leg

80%

Loss of Hands (both), Loss of Feet (both), Loss of Sight or a combination of any two of Loss of Hand, Loss of Foot or Loss of Sight of One Eye

100%

Loss of Hand, Loss of Foot or Loss of Sight of One Eye (Any one of each)

75%

Loss of Speech or Loss of Hearing

75%

Loss of Thumb and Index Finger of the same hand

33%

Loss of Hearing in one ear

33%

Loss of All Toes of the same foot

25%

Paralysis: Quadriplegia, Paraplegia, Hemiplegia

200%*

 

*To a maximum Benefit Amount of $1,500,000 

 

  Additional Benefits Included:

  Loss of Life Benefits (insured person must suffer a covered loss of life):

 

  Identification – Up to $15,000 for transportation for identification of the body
  Medical Evacuation or Repatriation – Maximum Benefit Amount $15,000;
  Benefit Amount (Hospital Admission Guaranty) $5,000;
  Family Travel Expense (Maximum per Day) $100 (Maximum Number of Days) 7

  Funeral Expense – $5,000 for funeral expenses

  Child Care Expense – Benefit Amount $5,000 annually/Dependant Child, Maximum Benefit amount $25,000

   

  Education Expense – Benefit Amount $7,500 annually/Dependent Child, Maximum Benefit amount $30,000

 

  Spouse Employment Training – Benefit Amount $15,000 for higher education

 

  Living Benefits (insured person must suffer a covered loss):

 

  Temporary Total Disability Weekly Benefit:

 

            – Benefit Amount $500 if employed/week for 26 weeks after 14 days elimination period

 

            – Benefit Amount $100 if not employed/week for 26 weeks after 14 days elimination period  

 

  Excess Accident Medical – Up to $10,000 for covered medical services

 

  In-Hospital – Daily Benefit Amount $100; Maximum Number of Days 31 days; if hospitalized for more than 3 days

 

  Family Transportation – Benefit Amount $15,000 for transportation to injured insured person

 

  Home Alteration or Vehicle Modification – Benefit Amount for Home Alteration $15,000;
  Benefit Amount for Vehicle Modification $15,000; Maximum Benefit Amount $15,000 

 

  Psychological Therapy – Benefit Amount $5,000   

 

  Rehabilitation – Benefit Amount $15,000  

 

  The above is a brief description of the benefits only. Certain exclusions and restrictions apply.


 Property

 

Limits

Property of Every Description As Per Schedule

As Per Schedule

Contents of Every Description $100,000

$100,000

All Risk/Replacement Cost

 

Extra Expense  

$25,000

Valuable Papers

$25,000

Accounts Receivable

$25,000

Exterior Signs

$25,000

Professional Fees

$10,000

Broad Form Money and Securities

$10,000

Non Owned: ATVs, Snowmobiles, Boats and Motors up to 10 meters in length

$10,000

    Deductible $500

Equipment leaving the premises (floater) can be purchased in the following increments:  

Limits

$ 0 - $10,000

$10,001 - $25,000

$25,001 - $50,000

$50,001 - $100,000

$100,001 – $150,000

$150,001 - $200,000

 

            Premium and coverage availability shall be determined by your Broker contact.


Contacts In Canada

Alberta

Del Fisher Insurance Inc.
2202 Edmonton Tr NE
Calgary, Alberta T2E 3M5
(403) 230-3811
Contact:  Robert Klewchuk
Email:  rob@delfisher.ca

British Columbia

Baron Insurance Broker Group
PO Box 437
604 Cliff Ave
Enderby, British Columbia V0E 1V0
(250) 838-7707
Contact: Chuck Melanson
Email: cmelanson@baroninsurance.com

Manitoba

Arthur J. Gallagher (Canada) Group
300-1400 Jack Blick Avenue
Winnipeg, Manitoba R3G 0L4
(204) 631-0734
Contact:  Bryan Miller
Email:  bryan_miller@ajg.com

New Brunswick

MacDonald Chisholm Trask Insurance
21 Dartmouth Road
Bedford, Nova Scotia B4A 3X7
(888) 861-0665
Contact:  Stephen McLeave
Email: stephen.mcleave@mcti.ca

Newfoundland and Labrador

MacDonald Chisholm Trask Insurance
21 Dartmouth Road
Bedford, Nova Scotia B4A 3X7
(888) 861-0665
Contact:  Stephen McLeave
Email: stephen.mcleave@mcti.ca

Nova Scotia

MacDonald Chisholm Trask Insurance
21 Dartmouth Road
Bedford, Nova Scotia B4A 3X7
(888) 861-0665
Contact:  Stephen McLeave
Email: stephen.mcleave@mcti.ca

North West Territories

Del Fisher Insurance Inc.
2202 Edmonton Tr NE
Calgary, Alberta T2E 3M5
(403) 230-3811
Contact:  Robert Klewchuk
Email:  rob@delfisher.ca

Ontario

Algoma Insurance Brokers Limited
200-855 Queen Street East
Sault Ste. Marie, Ontario P6A 2B3
(705) 949-6555
Contact: Cale Krezek
Email: ckrezek@algomains.com

Prince Edward Island

Cooke Insurance Group
125 Pownal Street
Charlottetown, PEI C1A 3W4
(800) 566-5666
Contact:  Ron Hately
Email:  rhately@cooke.ca

Quebec

Groupe SCR
3901 Jarry Est Bureau 200
Montreal, Quebec H1Z 2G1
(514) 376-8191
Contact:  Sylvain Dupre
Email:  sdupre@legroupescr.com

 

 

Algoma Insurance Brokers Limited | 200-855 Queen Street East | Sault Ste. Marie, ON | PH: (705) 949-6555 | Toll-Free: 1-888-525-4662
This website is intended for use by residents of the Province of Ontario.