Since January 1st, 2006, the Ontario Ministry of Municipal Affairs and Housing legislated a mandatory requirement that any design or drafting services provided to the Ontario residential housing industry, must be a registered member with the Ontario Ministry and must carry Professional Liability (E&O) Insurance. The Ministry of Ontario stipulates a requirement of certain levels of Limits, depending on the amount of design/drafting revenues earned.

At Totten Insurance Group, we have established a policy form designed to comply with the legislated requirements and have effectively insured this class of business since 2006:

1. Claims Made policy form
2. Limits of Liability: $2mm Capacity
3. Maximum deductible restriction will apply, as required by the Ontario Bill 124 regulations
4. Minimum limits of liability provision, as required by the Ontario Bill 124 regulations
5. Designed to accommodate a wide range of professional clients in Ontario
6. World wide design liability coverage provided for projects
7. Subject to all legal action being brought within Canada
8. Defense Cost are outside of the Specified limit of Liability for Each Claim and are capped at 25% of the Specified Limit of Liability for Each Claim; for limits less than $2mm
9. Excluding Asbestos, Toxic Mould and Fungus
10. War & Terrorism Exclusion
11. Retroactive Date: Inception (unless proof is provided of prior continuous coverage)
12. Two year Extended Reporting Period
13. Water Ingress Exclusion