- Comprehensive coverage of professional services: public accounting, tax return preparation, tax-estate planning, management consulting, some eldercare services, etc.
- Automatic protection of services rendered prior to the inception of policy or by predecessor firms.
- Limits of coverage from $250,000 to $10,000,000, depending on your needs.
- First dollar defence: the deductible does not apply to legal expenses unless specified.
- Defence costs are in addition to the policy limit, unless specified.
- Extensive coverage territory protects the professional services rendered worldwide by the CA provided that the lawsuit is brought within Canada, Bermuda, or the United States of America, and their territories/possessions (some restrictions may apply).
Effective April 1st, 2012, the program is being underwritten by the following subscribers: Aspen Insurance UK Ltd Canadian Branch: 60% participation, GCAN Insurance Company: 20% participation, Berkley Insurance Company: 20% participation.
The insurance broker of record for the program is AON Reed Stenhouse Inc.
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