the risk

As Canadian companies continue to grow domestically and internationally, so too, does their exposure to risk. In fact, today’s companies are exposed to potential severity not contemplated in years past, stemming from a variety of sources:

Size of Companies: Globalization has increased the relative size of organizations substantially over the past decade. Canadian companies now routinely supply to numerous marketplaces throughout the world.

International Exposures: Whether arising from supply issues in the Far East or legislative requirements in Europe, the international flavour of today’s business brings a new climate of liabilities for organizations. With the U.S. civil justice system rampant with out of control jury awards, it is critical that insured’s with U.S. exposures carry ample Umbrella limits for those risks.

Claims Severity: In just the past few years, average jury awards have doubled and even tripled in certain areas. The severe, long tail nature of catastrophic liability claims makes it vital that appropriate protection be secured.

our coverage solutions

Recognizing the growing demand for licensed “Excess” capacity to protect organizations from catastrophic events, ERIS is pleased to offer the following suite of casualty products:

Umbrella Liability

Excess Umbrella Liability

Excess Automobile Liability

Excess General Liability

Excess Wrap-Up Liability

product features

Worldwide coverage

Flexible, broad coverage

Customized underwriting for complex risks

Claims made or occurrence

Capacity available independent of facultative reinsurance

Cover excess of Underlying Insurance or Self Insured Retentions for qualified Insureds

marketing features

Limits of $35,000,000 CAD/USD

Fully admitted/licensed

Lloyds of London continues to be rated A+ ‘Strong-Stable’ by Standard & Poors and Fitch Ratings, and A ‘Excellent’ by A.M. Best. All these ratings have a ‘Stable’ outlook.
(see www.lloyds.com)

Umbrella policy, A/B format

Excess Liability policy, following form basis

Will entertain submissions for virtually all industry classes

our payment terms

Premiums are to be paid within 30 days of the inception date of the policy term.

Installment payments are not accepted.

our claims process

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