The Context
A large Ontario company, involved in will writing, sought comprehensive insurance coverage for its operations. The company had previously relied on outside markets for its insurance needs.
The Business Need
The company required coverage for its Directors and Officers (D&O), as well as for its volunteers and members. They needed protection against breaches of membership and leadership, employment liability, and fiduciary coverage. Additionally, they sought a policy with lower premiums, better deductibles, and built-in coverage such as public relations costs in the event of a breach or emergency.
The Solution
We transferred their coverage from outside markets to our internal pool, ensuring tailored wordings that met their specific needs. Our team walked the broker through the coverage details, instilling confidence in our offerings. We provided a comprehensive policy that included D&O, volunteers, and members’ coverage, as well as employment liability and fiduciary coverage. We were able to offer them a lower premium, better deductibles, built-in coverage, and continuance of coverage-avoiding any gaps, ensuring they were well-protected and satisfied with their insurance solution.
