Professional Liability Insurance
ADR Institute of Canada has negotiated a competitive professional liability insurance rate for our members with Encon Group Inc. through Marsh Canada.
| OPTION 1 | OPTION 2 | OPTION 3 |
|---|---|---|
| $1,000,000 per claim limit | $2,000,000 per claim limit | $3,000,000 per claim limit |
| $2,000,000 aggregate limit | $4,000,000 aggregate limit | $6,000,000 aggregate limit |
| $10,000,000 program aggregate | $10,000,000 program aggregate | $10,000,000 program aggregate |
| $1,000 deductible | $1,000 deductible | $1,000 deductible |
| $150 annual premium | $200 annual premium | $250 annual premium |
| or | or | or |
| $1,000,000 per claim limit |
$2,000,000 per claim limit |
$3,000,000 per claim limit |
| $2,000,000 aggregate limit | $4,000,000 aggregate limit | $6,000,000 aggregate limit |
| $10,000,000 program aggregate | $10,000,000 program aggregate | $10,000,000 program aggregate |
| $0 deductible | $0 deductible | $0 deductible |
| $157 annual premium | $209 annual premium | $262 annual premium |
For further information call Adèle E. Laurin, Insurance Assistant at:
Marsh Canada Ltd.
600-1565 Carling Avenue
Ottawa, ON K1Z 8R1
Tel: 613.725.5135 | 1-888-725-5137 | Fax: 613.725.1108
adele.e.laurin@marsh.com.
EXEMPTION FROM INSURANCE
As part of the requirements for the chartering designations, chartered members are required to provide proof of insurance in the amount of $1,000,000 per claim.
Please note that you are NOT required to provide proof of insurance if you are:
(a)conducting mediations or arbitrations for an organization that is your employer, or
(b) retired and not conducting any mediations or arbitrations.
Please click here, complete the form and fax to the ADR Institute of Canada at 416-487-4429.
(c) If you are a member of a Law Society
Most Law Societies have indicated that the member should ask the Law Society to forward proof of coverage to the Institute and the Law Society will do so at no charge. For information about your provincial requirements please see the table below which we understand reflects the present status and forward the appropriate documentation to us.
Proof Required |
|||
Province |
Covers ADR? |
Certificate of Insurance |
Other |
Alberta |
Yes |
Yes |
|
British Columbia |
Yes |
Yes |
|
Manitoba |
Yes |
Yes |
|
New Brunswick |
Yes |
Yes |
|
Newfoundland/Labrador |
Yes |
Proof of being “practicing insured member” |
|
Nova Scotia |
Yes |
Yes |
|
Ontario |
Yes |
Declaration Page |
|
PEI |
Yes |
Yes |
|
Québec |
Yes |
Yes |
|
Saskatchewan |
Yes |
Yes |
|
(d) Professional Association Insurance Coverage
If you are a member of a professional organization you cannot assume that the insurance these organizations provide to their members covers you as an ADR practitioner. In these situations we would ask that you provide us with the specific clause indicating that you are so covered. Your insurer can assist you in locating the appropriate wording in your insurance coverage.
Tail Coverage
In the first year following retirement, your premium will be 75% of your last premium paid. Any following year, it is 50%.
This insurance covers you for claims made against you after you have stopped practising. For more information please click here.
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