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Investment Counselors
Program Details
ICAC has made professional liability insurance and Form B bonding a condition of membership. This assures the members and their clientele that member firms have adopted a professional approach to their business, as well as providing the protection necessary to ensure the safety of managed assets.
Additionally, the ICAC insurance program has been designed to meet the needs of all members at reduced premium rates while at the same time providing the membership with a sustainable and secure facility for transferring risk of financial loss. The ICAC insurance program is fully compliant with N1 31-103.
Sinclair Cockburn is committed to serving the needs of the members of the Investment Counsel Association of Canada by providing professional insurance advise and quality insurance solutions.
The Program recognizes the diverse needs of all members.
Specifically:
- To protect investment counsel clients from financial loss as a result of the wrongful abstraction, destruction or disappearance of money & securities
- To protect investment counsel clients from financial loss as a result of a member's professional negligence;
- To indemnify members for financial loss suffered as a result of wrongful and/or fraudulent acts committed by their directors, officers, partners and employees of the member firm;
- To enhance the protection afforded, over the present regulatory requirement with respect to licensing, in a more meaningful way; and,
- To instill in the general public a high-degree of confidence in the investment counsel profession.
Professional Liability Policy Highlights
Form 14 Bond
Darren Rodrigues
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