Revealed – Canada’s top professional liability and D&O insurers
Revealed – Canada’s top professional liability and D&O insurers | Insurance Business Canada
Professional Risks
Revealed – Canada’s top professional liability and D&O insurers
Companies boast outstanding performance across several key areas
Professional Risks
By
Roxanne Libatique
Insurance Business Canada (IBC) has revealed the leading professional liability and directors and officers (D&O) insurance providers in Canada for 2024.
This recognition highlights insurance firms that differentiated themselves through superior performance across several key areas:
coverage options;
underwriting expertise;
speed of claims payment and processing;
overall value; and
broker support services.
Methodology behind the selection
To compile the rankings, IBC conducted comprehensive interviews and surveys with the nation’s brokers.
Over a period of 15 weeks, IBC gathered insights from its extensive network, soliciting feedback on the professional liability and D&O insurers brokers have worked with in the preceding year. The evaluation criteria focused on coverage, underwriting knowledge, and effectiveness in risk mitigation.
Only companies that received an average rating above 4 out of 5 from brokers were designated as Canada’s top-tier professional liability and D&O insurance carriers, earning the prestigious 5-star rating.
Northbridge Financial Corporation stood out for its collaborative approach with broker partners and its deep understanding of industry-specific risks. This approach enabled the company to offer tailored solutions that help businesses manage risks more efficiently, allowing them to concentrate on growth and opportunity rather than potential liabilities.
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