Professional Liability Insurance, Property Insurance and/or Commercial General Liability Insurance
Marsh Canada Limited continues to be your appointed broker for the ADRIC Sponsored Insurance Program, which has just recently been reviewed and improved again. The program, underwritten by Certain Underwriters at Lloyd’s of London, effective July 1, 2018, has been specially designed and allows for ADRIC Full members to benefit from the power of group purchasing for their professional liability insurance needs with additional optional coverages also available for commercial liability, cyber liability, property, legal expense insurance and now ID restoration services.
With professional liability issues continuing to be a key concern, some members have commented that access to this insurance program alone is worth the yearly cost of membership with ADRIC and its affiliates. ADRIC strongly encourages all Full members to be insured.
Please visit the Marsh website at marsh.ca/adr for a quote or contact your Marsh Canada licensed insurance broker at 1 888 711 9010 or errorsandomissions.insurance@marsh.com for more information. Several enhancements to coverage have been included and are summarized below.
The following have been applied for the 2018-2019 term:
- 15% discount for members who have ADRIC Chartered designation status;
- 5% discount for members who have ADRIC Qualified designation status;
- 10% discount for three years after completion of ADRIO’s online Ethics Course “Practical Ethics for Working Mediators”;
- Coverage is Worldwide except USA; small surcharge of $100 applicable for US coverage subject to Underwriter approval;
- Removal of retroactive date subject to 2 years continuous cover under ADR program;
- Premium reduction of 5% on the Commercial General Liability portion of your coverage (subject to being claims free for 5 years);
- Please note that all discounts are subject to a maximum combined discount of 25%.
1. Training/Teaching coverage is now offered at no additional premium.
2. Insured definition expanded to include the following categories:
- ADR Practitioner (services as defined below excluding Arbitrator)
- Arbitrator (including ADR Practitioner services as defined below)
3. Insured Services clarified to include:
- Negotiation
- Mediation
- Arbitration
- Group Facilitation
- Facilitation (2-party, not group)
- Conferencing
- Group Needs Assessment (GNA)
- Group Intervention (GI)
- Conflict Coaching
- Executive Coaching (not conflict coaching)
- Early Neutral Evaluation
- Executive Mini Trial
- Judicial Mini Trial
- Collaborative Law
- Parenting Coordination (Med/Arb)
- ADR Consultations
- Pre-ADR Process (assisting the parties to select an appropriate ADR process)
- Ombudsman
- Judicial Dispute Resolution (JDR)
- Selection and Hiring of ADR Practitioners
- Training / Instruction / Coaching of ADR Practitioners and members
- Training / Instruction / Coaching in the workplace or family
- ADR Systems Design / Implementation and/or Management
- Workplace Investigations
- Restorative Practices /Restorative Justice Circles
4. Optional DAS Legal Coverage: Legal expense insurance is now available for only $95.00 per year (plus applicable taxes) – Through an exclusive offering for Marsh Canada professional liability insurance clients, you are now eligible to purchase legal expense insurance (LEI), underwritten by DAS Canada, at the special preferred rate of only $95.00/year. In addition unlimited telephone legal advice, LEI may help pay for lawyers’ fees, disbursements for expert witnesses, medical reports, and court costs, and adverse costs if you lose your case and a judge orders you to pay the other party’s legal fees. Remember that the need for legal expense insurance can arise from everyday occurrences such as dealing with drivers’ license issues, bodily injury, employment disputes, or CRA (Canada Revenue Agency) tax matters including audits.
For further information, contact:
Theresa Mukoyi, Assistant Vice President (contact person for ADRIC members)
Email: errorsandomissions.insurance@marsh.com
Joanna Reid, Senior Vice President
Email: Joanna.reid@marsh.com
Clothilde Nyandwi, French Client Representative (francophone contact person for ADRIC members)
Email: clothilde.nyandwi@marsh.com
Marsh Canada Ltd.
120 Bremner Blvd.
Toronto, ON M5J 0A8
Tel: 416-349-6614| 1-888-711-7426 | Fax 416 815 3228
IMPORTANT NOTICE ON CLAIMS
The Professional Liability policy is a CLAIMS-MADE AND REPORTED policy which requires that all claims against you or incidents which arise that may result in a claim during the policy period be reported immediately to the Insurer before the expiration of the policy. It is prudent that you report claims or circumstances which may give rise to a claim to the Insurer to avoid denial of coverage.
Your Property and/or Commercial General Liability policy is written on an Occurrence based policy.
EXTENDED REPORTING (ERP) / Tail Coverage
Liability may not cease by virtue of retiring from the practice of ADR. As such, the policy contains a provision which allows members (in the instances of death, retirement or cessation of business) to purchase an Extended Reporting Period which provides coverage for activities conducted prior to the death, retirement or cessation of business.
Premium for the ERP coverage effective in the first year following death, retirement or cessation of business is 75% of the last annual premium paid. Any renewal of the ERP in subsequent years drop to 50% of the last annual premium paid.
This insurance covers you for claims made against you after you have stopped practicing. For more information please see: Extended Reporting Period (ERP) Options
The information on this page is only an overview of the Insurance program. The detailed terms, conditions and exclusions of coverage are set out in the Policy. The Terms and Conditions of coverage, as well as the cost of coverage, are subject to change or updating by the Insurance Company.
For further information, contact:
Theresa Mukoyi, Assistant Vice President (contact person for ADRIC members)
Email: errorsandomissions.insurance@marsh.com
Joanna Reid, Senior Vice President
Email: Joanna.reid@marsh.com
Clothilde Nyandwi, French Client Representative (francophone contact person for ADRIC members)
Email: clothilde.nyandwi@marsh.com
Marsh Canada Ltd.
120 Bremner Blvd.
Toronto, ON M5J 0A8
Tel: 416-349-6614| 1-888-711-7426 | Fax 416 815 3228
IMPORTANT NOTICE ON CLAIMS
The Professional Liability policy is a CLAIMS-MADE AND REPORTED policy which requires that all claims against you or incidents which arise that may result in a claim during the policy period be reported immediately to the Insurer before the expiration of the policy. It is prudent that you report claims or circumstances which may give rise to a claim to the Insurer to avoid denial of coverage.
Your Property and/or Commercial General Liability policy is written on an Occurrence based policy.
EXTENDED REPORTING (ERP) / Tail Coverage
Liability may not cease by virtue of retiring from the practice of ADR. As such, the policy contains a provision which allows members (in the instances of death, retirement or cessation of business) to purchase an Extended Reporting Period which provides coverage for activities conducted prior to the death, retirement or cessation of business.
Premium for the ERP coverage effective in the first year following death, retirement or cessation of business is 75% of the last annual premium paid. Any renewal of the ERP in subsequent years drop to 50% of the last annual premium paid.
This insurance covers you for claims made against you after you have stopped practicing. For more information please see: Extended Reporting Period (ERP) Options
The information on this page is only an overview of the Insurance program. The detailed terms, conditions and exclusions of coverage are set out in the Policy. The Terms and Conditions of coverage, as well as the cost of coverage, are subject to change or updating by the Insurance Company.