We are pleased to announce a new package program in the professional liability division for information technology. The package features a claims-made errors and omissions cover in combination with an occurrence-form general liability cover. We can also include property covers. The program is written on behalf of a major Lloyd's syndicate.
Errors and omissions
Claims-made form, including:
- Limits from $250,000 up to $5 million available
- Deductible of $2,500
- Excludes consequential financial loss in respect of the design, installation and maintenance of internet-based sales platforms.
Commercial general liability
Occurrence form, including:
Limits from $1 million up to $5 million available
Personal and advertising injury limit of $1 million
Medical expenses limit of $50,000
Tenants legal liability limit of $500,000
Products and completed operations limit from $1 million up to $5 million available
Non-owned automobile limit of $1 million
Legal liability for damage to hired automobiles limit of $50,000
Occurrence property damage
Broad-form property damage
Broad-form completed operations
Deductible $1,000.
Property
- Total sum insured for contents of every description from $25,000 up to $250,000 available
- Maximum sum insured of $50,000 for computer equipment at named locations
- Standard sub-limit of $5,000 for computer equipment off-site (can be increased to $20,000 for an additional premium)
- Replacement cost coverage on computer equipment less than two years old and all other office contents
- Actual cash value coverage on computer equipment more than two years old and items of stock.
Standard property extension
Package includes:
- Accounts receivable sum insured $10,000
- Extra expense sum insured $10,000
- Glass blanket coverage
- Business interruption professional fees sum insured $10,000
- Valuable papers and records sum insured $10,000.
More details of our program and application forms are available from our website - www.elliottsr.com - or contact Irwin Ginsler in Toronto or Travis Budd in Montreal. |
