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It has become an essential element for anyone in the professional services field today to have professional liability insurance, also known as errors and omissions insurance. In the last tough insurance market, the Appraisal Institute of Canada (AIC) launched a dedicated member insurance program to provide custom tailored insurance for all of its members and to establish predictable and stable pricing. The manner by which professional liability policies respond to claims is quite different to a homeowners or automobile policy. This is for one very simple reason -- most complaints, concerns or legal action over an appraisal are generally initiated at least 12 months after the work is done and, in many cases, years later.
... written proof that it holds the minimum liability insurance coverage and endorsement referred to in ...
It is likely wise to increase your liability coverage to the Autopac maximum of $5 million. You also need to check with the jurisdiction you are travelling to if you are planning to stay in the United States for any extended length of time. Some states have restrictions on how long you can stay in their jurisdiction with Manitoba or other non-resident plates. No. Their car rental program extends only to the United States and other parts of Canada. Their policy will give you $5 million dollars third-party liability, plus a couple of other benefits they suggest are important. A car rental company can charge you for the down time during the period a damaged vehicle is being repaired. Autopac coverage not only covers the down time, but allows for you to get a replacement vehicle. Forward...
...Insurance -- Liability insurance -- Insurer's duty to defend -- Commerciaal general liability policy -- Scope of coverage -- Claims against insured for negligence in constr...
Previously, a homeowner who apologized for what happened to a lady who slipped and fell on his front sidewalk might have had his coverage denied under a home-insurance policy he's faithfully paid premiums on for years. Or, similarly, an endodontist who acknowledged an error in root-canal surgery might have seen his professional- liability coverage denied, leaving him to defend a negligence suit out of his own pocket. The Apology Act now overrides standard policy terms that would otherwise be a basis for denial of insurance coverage. An injured client of mine received an apology. A written one, in the form of a letter. The apologizer's letter was accompanied by his lawyer's cover letter that stated the apology was made "pursuant to the provisions of The Apology Act of Manitoba," and invo...
..., it could be useful to check your coverage ahead of time rather than when a mover drops your ... insurance for your belongings; and liability coverage. "We would encourage people not to try an...
..., the CGL insurance policy excluded coverage for losses "arising out of the actual, alleged, po...
...(ing): Time to Revisit the Nuclear Liability Exclusion Revisiting the Duty to Defend: A Case... that is, an increased need for insurance coverage and market capacity. In order to provide nuclear...
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