Payment is due by August 23, 2024. The total cost of professional liability coverage, including taxes and expenses is $500 for the 2024-2025 policy period.
RECO will be collecting more than 100,000 insurance payments over the summer. Pay by August 16, 2024 to ensure a worry-free payment before the busiest period of the renewal collection.
The insurance program offers the most comprehensive insurance protection of its kind in Canada. It provides three types of coverage: Errors and Omissions, Commission Protection and Consumer Deposit
| Coverage | Errors and Omissions | Commision Protrction | Consumer Deposit |
|---|---|---|---|
| What’s covered? | Covers mistakes such as:
| Covers loss of commissions against:
| Covers consumers’ deposits against:
|
| Limit per claim | $1,000,000 | $200,000 | $200,000 |
| Limit per year | $3,000,000 | N/A | N/A |
| Limit per event | N/A | $4,000,000 | $4,000,000 |
| Deductible | $2,500 (damages only)
| $250 | $0 |
| Contact info | ClaimsPro LP | ClaimsPro LP | RECO |
The program offers the most comprehensive insurance protection of its kind in Canada. Priced competitively to other provinces.
A program with a strong reputation, giving it the ability to obtain the best terms for you.
Industry specialist service providers. Committed to using their years of experience to help manage the claims process.
A program committed to industry education.
To learn more about the insurance program, contact Alternative Risk Services:
Phone: 1-866-426-1666 | Fax: 1-855-529-9462 | info@ar-services.ca | www.reco-claims.ca
At all times, the coverage applicable in any given situation will be determined by the particular circumstances and allegations of the claim or potential claim asserted against an insured and will be subject to the policy terms and conditions.
Contact RECO at:
MyWeb
T: 416-207-4800 or 1-800-245-6910 | F: 416-207-4820 | cs@reco.on.ca
