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CGL for Existing Policyholders
Victor’s Commercial General Liability (CGL) insurance for existing policyholders provides protection against a range of potential claims that may result from bodily injury, property damage, personal injury or advertising injury.
Eligibility
This coverage is available to most classes of ENCON’s policyholders, as a complement to their existing coverage, including:
- Professional liability or errors and omissions (E&O) insurance
- Non-profit directors and officers (D&O) liability insurance (where there is low to moderate CGL risk)
- Technology insurance for hardware manufacturers
Coverage Details
- Policy Form – Occurrence (claims-made for some classes)
- Policy Period – Concurrent with that of the firm’s professional liability or E&O policy
- Capacity –
- Limits up to $25,000,000 with property damage deductibles starting at $500 (maximum limit available in Quebec is $20,000,000)
- Limits up to $5,000,000 are available for policyholders in ENCON’s Small Firm Programs for Architects and Engineers, the Information Technology sector and ENCON’s CGL program
- Annual minimum premiums – Starting at $495 for a $1,000,000 limit
- Territory – Services anywhere in the world subject to suit first brought in Canada or the United States
Policy Features
- Victor utilizes the same pool of insurers who provide the professional liability or E&O insurance coverage; this reduces the risk that a gap in coverage may occur if two policies are placed with different insurers
Additional Coverages Available
- Non-owned automobile including S.E.F. 94, 96, 99
- Employer’s liability (bodily injury)
- Employee’s benefits errors and omissions
- Tenants’ legal liability
- Personal injury and advertising injury
Submission Requirements
- A completed Victor Commercial General Liability application form (Errors & Omissions Insurance)
- A completed Victor Commercial General Liability application form (Professional Liability Insurance for Architects & Engineers)
- A completed Victor Commercial General Liability application form (Directors & Officers Insurance in Non-Profit Organizations)