Errors & Omissions Insurance for Canadian Life Agents
When selling life insurance or recommending financial products to your clients, you likely advise your clients that investing in these products is critical in protecting their future prosperity. Best of all these products come with the advise and guidance of an expert whose qualified opinion will help ensure they make the right decisions.
Then shouldn’t you take a similar approach to buying E&O to protect yourself! After all in both cases, you are not purchasing a tangible product, you are buying a promise. A promise that if in the future you need to rely on the product you have invested in today that it will protect you, your assets and everything you have worked so hard to build.
Whether you sell only Life Insurance, Mutual Funds, Segregated Funds or all of the above. First Durham Insurance & Financial is proud of our track record as one of the largest and longest standing brokers who specialize in providing professional liability and E and O insurance for life agents, financial advisors and their corporations.
In today's litigious climate protection has never been more important. The consequences of inadequate E&O insurance coverage are potentially devastating.
Why First Durham Insurance & Financial for your Life Agent E&O Insurance?
It's not just that we've been protecting a wide variety of individuals and businesses for decades, it’s because our Canadian Life Broker Plan was specifically built for and specially priced to meet the needs of Independent Agents and Advisors across Canada.
Our expert team at First Durham Insurance & Financial has in depth knowledge of the life agents E&O market place and prides itself on being the preeminent provider of E and O to the financial services sector. That is why thousands of agents across Canada have trusted us to arrange their Errors and Omissions coverage on their behalf.
Our coverage is competitively priced, easy to buy and even easier to renew. Our E &O Insurance is built with you in mind and does not come with additional fees.
Our E and O insurance is built with Canada’s independent agent in mind and in our view independence makes a big difference. In the event of a claim you can feel confident that you will have access to the best legal advice and guidance from experts whose number one priority is protecting you and not the interests of an insurer or association.
Furthermore, we can provide insight into how to minimize the risk of lawsuits, pinpointing the most common source of claims in your particular business area.
No Two Policies are the same – Features of the Canadian Life Brokers Plan
Like the policies you sell, no two polices are the same and each carrier pays claims differently. When you come to First Durham Insurance & Financial for your Life Agent errors & omissions insurance, you'll get solid protection from a broker and Insurer that has decades of experience. Our plan includes:
- High liability limits – Up to $5 Million
- Defense costs are covered over and above your policy limit
- Coverage extends to corporations (where you trigger the claim)
- NO deductible
- Coverage for Life Insurance, A&S, Mutual Funds, Segregated funds and more
- Full Prior Acts coverage available where no gap in coverage exists
- World wide coverage, provided the lawsuit is brought in Canada or the United States
- Ability to purchase “Extended Reporting Period” Tail coverage for up to 10 yrs.
- Reduced cost for licensed assistance available
- Corporate Coverage Available
- NO Additional fees
- NO Membership dues or minimum volume commitments
- Easy online application process
- Simplified Renewal Process
And, of course, you can feel safe in the knowledge that whether you have a simple question, need a copy of a certificate or have a claim, our E&O insurance specialists are available to respond swiftly and provide expert advice with a focus excellent customer service.
Get The Information You Need Now
Ready to learn more about how to get better protected for less with errors and omissions insurance for life insurance agents and financial advisors from First Durham Insurance and Financial?
It's easy to connect, for free and without obligation, with our experts. Call, email or click the Free Quote request button at the top of this page. Do it now -- you could be on the brink of saving not only money but also your livelihood.