Commonly Asked Question About this Coverage:
1. What do I need to know when switching carriers?
  As this is a "Claims Made" policy, once expired, it won't 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.
2. What services are insured under this policy?
  This policy provides Errors & Omissions coverage for:
  1. A licensed Life A&S agent
  2. A licensed Mutual Fund agent for:
    • Mutual Funds
    • Retirement Savings Funds
    • Registered Retirement Income Funds
    • Segregated Funds
  3. A financial planner, advisor or consultant for sales and service of the activities mentioned above.
If you're rendering a service not mentioned above, please email [email protected] to discuss.
3. Does this policy contain "Prior Acts Coverage"?
  Coverage for prior acts is available under this policy provided that you've had continuous coverage for a minimum of three years. Individuals with gaps in coverage are ineligible for prior acts coverage under this policy.
4. Can I add my corporate name to my certificate?
  In most situations, your corporate name can be added to your individual certificate; however, this is an individual policy and, as such, coverage will only extend to a corporation if you, the individual insured, trigger the claim.
5. I sell Mutual Funds, do I qualify?
  This coverage is available to those who sell mutual funds; however, if you receive more than 50% of your income and/or $250,000 from mutual funds, you're ineligible for this coverage.
6. I'm licensed in several provinces. Can I obtain the mandatory endorsements?
  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.
7. I had a previous claim. Do I qualify for coverage?
  We strongly recommend individuals with previous claims stay with their current carrier.
If you've had previous claims, we're unable to find coverage. We'll forward your application to the insurer for their review and they'll determine whether you are eligible.
Previous claims are reviewed on a case-by-case basis. If coverage is issued, a surcharge may apply if there are prior claims.