Errors & Omissions Insurance for Life Agents
When unlikely circumstances get in your way of placing coverage.
Errors & Omissions 101
As this is a “Claims Made” policy, once expired, it will not provide coverage. Be sure to put your current carrier on notice of any potential situation that might give rise to a claim, even if the allegations made against you are unfounded.
This policy provides Errors & Omissions coverage for:
- A licensed Life A&S agent
- A licensed Mutual Fund agent for:
- Mutual Funds
- Retirement Savings Funds.
- Registered Retirement Income Funds
- Segregated Funds
- A Financial Planner, advisor or consultant for sales and service of the activities mentioned above.
(If you are rendering a service not mentioned above, please call to discuss)
Coverage for prior acts is available under this policy provided that you have had continuous coverage for a minimum of three years. Those individuals with gaps in coverage will not be provided prior acts coverage under this policy.
This coverage is available to those who sell mutual funds, however, if you receive more than 50% of your income and/or $100,000 from mutual funds, you are not eligible for this coverage.
The provinces in which you do business will determine the endorsements added to your policy. Where required higher aggregate limits, reporting periods and other coverages will be automatically provided as per provincial requirements.
Not necessarily. We will have to forward your application to the insurer for their review, but are unable to bind coverage. Previous claims are reviewed on a case-by-case basis. In some situations, if coverage is issued a surcharge may apply. We strongly recommend that those individuals with previous claims stay with their current carrier.
Product Info
Errors & Omissions Insurance for Life Agents
As an expert, you want to provide options to your clients when selling life insurance or financial products. You also know that the biggest value for your clients is dealing with you, an expert. So when it comes to buying your Life Agent E&O Insurance in the Pickering area, shouldn’t you be looking at dealing with true experts in the field?
Just like the products you sell, when buying E&O, you’re not buying something tangible, you are buying a promise. A promise that if in the future you need to rely on the product you have invested in, 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 Ltd. 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 throughout Pickering and Ajax, Ontario.
In today’s litigious climate, quality protection has never been more important. The consequences of inadequate E&O insurance coverage are potentially devastating and certainly not worth the risk. Don’t take any chances, give our experienced E&O brokers for life insurance agents a quick call or simply click for a quote!
Customized Protection
Perfect Fit
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 Ltd. 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 Errors and Omissions life agent insurance is built with you in mind and does not come with additional fees. Give us a call or click for a quote!
No Two Policies Are The Same
Like the policies you sell, no two policies are the same and each carrier pays claims differently. When you come to First Durham Insurance & Financial for your Life Agent Errors & Omissions insurance in Ontario, you’ll get solid protection from a broker and Insurer that has decades of unmatched experience.
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 to provide expert advice with a focus on excellent customer service.
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. Do it now, get the cover you need – after all, you could be on the brink of saving not only money but also your livelihood. Give us a call or click for a quote!
Have a Claim, Who’s In Your Corner?
Our E and O for life 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. Give us a call or click for a quote!
Testimonials
Walt H.
West Kelowna, B.C.
“Thx for looking after this E.& O. requirement for another year for me. Glad to report that you are maintaining your high efficiency. If no one has confirmed it to you today…then I want to be the first. U are GOOD.”
Margaret W.
Toronto, ON
“Thank you for the very good service.”
Tara D.
Toronto, ON
“Thank you SO much Angela. It is always a pleasure doing business with you.”
Helen Y.
Toronto, ON
“It was such a pleasant surprise that you were the person dealing with the discrepancies on my policy today. It has been quite a while ago since we last communicated. As always, you are very pleasant, professional and knowledgeable. The situation analysis and problem solving were completed efficiently within a short period of time. Thank you again! Now I am reassured that my policy was not renewed twice and my duplicate payment was refunded.”