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Liability | Accident | Property | Contacts $2,000,000 Liability Limits and $5,000,000 limits are available. Pays for Liability Imposed by law or assumed under contract for damages because of Bodily Injury or Property Damage. Included in this policy:
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
Punitive damages are
assessed against the wrongdoer as a punishment and are paid directly to the
claimant.
Directors and Officers Liability Included
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:
Pays: On behalf of the
Loss:
Claim:
Wrongful Act:
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.
Overview of Coverage
Class I – Directors: Benefit Amount – $100,000 – Search
and Rescue operations and Business Travel Loss Schedule
Loss of Life or Loss of Speech and Hearing
100% 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 Funeral
Expense – Up to $6,500 for funeral expenses Child Care – Up to $5,000/child/year, maximum of $25,000 for Child Care Expenses Education – Up to $7,500/child/year for higher education Spouse Employment Training – Up to $15,000 for higher education Living Benefits (insured person must suffer a covered loss): Temporary Total Disability Weekly Benefit: – $500/week for 26 weeks after 14 elimination period if employedd – $100/week for 26 weeks after 14 elimination period if not employeded Excess Medical – Up to $10,000 for covered medical services In-Hospital – $100 per day for 31 days if hospitalized for more than 3 days Family Transportation – up to $15,000 for transportation to injured insured person Home/Vehicle Adaptation – Up to $15,000 for home alterations or vehicle modifications Psychological Therapy – Up to $5,000 for psychological therapy Rehabilitation – Up to $15,000 if rehabilitation is required The above is a brief description of the benefits only. Certain exclusions and restrictions apply. Property $ 100,000 Property of Every Description All Risk Rep. Cost $ 5,000 Extra Expense $ 10,000 Valuable Papers $ 10,000 Accounts receivable $ 10,000 Gross rental Income $ 5,000 Sign $ 5,000 Professional fees $ 5,000 Commercial Blanket Bond $ 5,000 Broadform Money and Securities $ 500 Deductible Also included : $ 10,000 Equipment Floater – Equipment leaving premises OR $ 25,000 Equipment Floater – Equipment leaving premises OR $ 50,000 Equipment Floater – Equipment leaving premises OR $ 100,000 Equipment Floater – Equipment leaving premises Premium and coverage availability shall be determined by your Broker contact. British Columbia Baron Insurance Broker Group Newfoundland Labrador Anthony Associates Alberta Jardine Lloyd Thompson Canada Nova Scotia MacDonald Chisholm Trask Insurance Quebec Soly Chabot Ranger Ltee Ontario Algoma Insurance Brokers Limited
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SARVAC