ENCON Group Inc. Announces Stand-alone Commercial General Liability Program

OTTAWA, ON – ENCON Group Inc., a leading managing general agent in Canada, announced today a new, stand-alone commercial general liability (CGL) insurance offering through its Alternative Insurance Market. Previously only offered as a complement to other insurance lines, ENCON’s monoline CGL policy targets a broader array of clients across Canada with more varied risk exposures.

“CGL has long been a standard offering at ENCON as an additional coverage for our policyholders,” said Michael Ostrowski, Senior Vice President, Product Development, ENCON. “Our new, expanded CGL offering is a great fit with our business philosophy to fill niche market needs within the Canadian specialty insurance landscape, and responds to requests from our brokers to expand our risk appetite in this area.”

 

The new stand-alone product covers CGL exposures for:

• • Manufacturers and suppliers (up to 50 per cent US revenue exposure)
  • Contractors with operations beyond those addressed by ENCON’s construction insurance department, including service contractors outside the construction industry
  • Property owners
  • Retailers and wholesalers
  • Recreational, sport, leisure and entertainment risks
  • Pyrotechnic displays
  • Indoor playgrounds
  • Daycares
  • Special events

 

“ENCON’s Alternative Insurance Market was developed to help find insurance for hard-to-place or unusual risks that were previously declined in ENCON’s existing programs,” explained Ostrowski. “The Market allows us to offer creative terms and conditions for coverage, combine exposures and coverages from multiple products into a single product, write risks with 100 per cent foreign exposure, and entertain firms with operations that could be classified as higher risk.”

Other CGL program features include:

• • Limits up to $5,000,000
  • Minimum premium of $2,500
  • Occurrence-form coverage (claims-made for some classes)
  • Top-rated pool of insurers: Aviva Insurance Company of Canada, Everest Insurance Company of Canada, Inter Hannover Canada and Temple Insurance Company
  • Available on a monoline basis or to support errors and omissions (E&O) and directors and officers (D&O) liability placements with ENCON

 

For more information about this coverage, please visit ENCON’s Commercial General Liability page at www.encon.ca.

About ENCON Group Inc.

As a leading managing general agent in Canada, ENCON Group Inc. offers professional liability and construction insurance, as well as group and retiree benefits programs for individuals, professionals, organizations and businesses, which are available through a national network of licensed insurance brokers and plan advisors. Learn more at: www.encon.ca.

Media Contact: Margaret Woodruff Marketing and Communications margaret.k.woodruff@encon.ca 905-755-2030 ext. 3043

Business Contact: J.D. Farquhar, Assistant Vice-President, Alternative Insurance Market (CGL) jd.farquhar@encon.ca  905-755-2071 1-877-732-2879 ext. 2071 416-560-2744