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Activities provided for a fee relating to financial advice and for which a license not required.
Activities relating to and including sales management and supervisory activities over individual insureds in reference to the above.
To qualify for coverage under this category the applicant must hold one of the following designations and remain in good standing:
Available Limits of Liability are $1,000,000; $2,000,000; $3,000,000; $4,000,000; and $5,000,000 per occurrence.
Note: Coverage B and Coverage are subject to a shared $50,000,000 policy aggregate for all certificate holders
$1,000 per claim
Legal defence costs and supplementary payments are part of, and not in addition to, the limit of liability selected.
Worldwide coverage is provided (subject to the claim being made and brought within Canada, the United States, and its territories and possessions, including the District of Columbia).
The APA E&O Plan does not apply to any claim or circumstances which may reasonably result in a claim, whether reported in the application or not, known to any Insured before the effective date of this policy; however, when this policy replaces, without interruption, a policy previously issued by the Insurer, this exclusion applies only to claims previously known to an Insured before the inception date of the first policy issued by the Insurer.
Leaving the business? Your exposure to allegations of negligence does not end when you cease practice.
You can elect to purchase one to six years of Extended Reporting coverage under the policy.
For more information, go to Extended Reporting Period Coverage.
2017/2018 Policy Year (effective for dates May 1, 2017 to April 30, 2018)
Members attending a Loss Prevention and Control/"Protect Your Practice" Seminar may be entitled to a 5% discount* on their renewal premium for three consecutive years. Contact your local Advocis chapter for seminar dates.
*Some conditions may apply for members with current or prior claims history
The above information is only an outline of the coverage provided. Please contact an APA member services group representative with any questions. Some restrictions will apply. Acceptance under Coverage C is subject to final underwriter approval.