Management Shield
Underwriter Contact:
Michael McDermott, CIP, CRM
Senior Production Underwriter
(416) 408-5460
mcdermottm @ simmlands.com
Forms and Attachments:
Product Flyer
Marketing Package
FAQ Sheet
Canadian Underwriter Article
For-Profit Application
Not-For-Profit Application
Strata Corp Application
Professional Liability
Business Insurance Addendum
Small and medium enterprises (SME’s) employ about 2 out of every 3 Canadians in the private sector, yet most Director’s and Officer’s (D & O) and Employment Practices (EPL) liability insurance Policies are designed and priced for much larger organizations. The Simmlands Specialty Management Shield is specifically designed for small and medium sized Canadian companies, and includes coverage for:
- Directors’ and Officers’ Liability, for claims that are made against individual directors and officers for wrongful acts arising out of their duties while sitting on that particular private company’s board
- Employment Practices Liability, such as wrongful dismissal, discrimination and sexual harassment
- Corporate Reimbursement – The company’s obligation to indemnify the owners/partners
- Fiduciary Liability
- Errors & Omissions
- Fidelity
- Loss of Documents
- Legal expense insurance (includes contract disputes & criminal prosecution)
- Board member travel accident
With wordings tailored specifically for small and medium enterprises, limits up to $10,000,000, a minimum premium of $500, this product will aid in rounding out the insurance portfolio for a wide array of businesses, ranging from start-up’s to those with up to $200million in gross annual sales and $100million in total gross assets.
This product is underwritten by Simmlands Insurance on behalf of Lloyd’s of London.