Welcome Canada Loyal Brokers!

Learn more about the features of the IFB E&O Plan

Learn more about the benefits of IFB Membership

Through a special partnership with Canada Loyal Financial and Canada Loyal Investment Services, we've created this special portal where you will find all the information you need to:

• Arrange for your Errors & Omissions coverage
• Join IFB
• Learn about the membership benefits and educational opportunities available to you as a Canada Loyal broker and IFB member

Errors & Omissions Insurance:

IFB offers very competitive terms on a professional liability program for independent financial brokers and is endorsed by Canada Loyal Financial and Canada Loyal Investment Services as its preferred E&O choice for the brokers it contracts. In addition to its attractive rates and coverage that includes everything you can sell by virtue of the life and/or mutual fund licenses, the IFB E&O program offers two great benefits to Canada Loyal brokers:

1. Your MGA/dealer (Canada Loyal Financial/Canada Loyal Investment Services) can be listed on your E&O certificate for 'vicarious liability' coverage.
2. With your consent, we'll take care of some of your paperwork by providing a copy of your E&O certificate and updates on your coverage status directly to Canada Loyal on your behalf.

2011 - 2012 E&O Insurance
Details of the 2011 - 2012 E&O Individual Broker Plan for IFB Members

Magnes, the broker for the IFB E&O program, has once again successfully negotiated the best rates and coverage available to independent brokers -- starting from just $650!

Features of the 2011 - 2012 IFB E&O Individual Broker Plan:

• LOWER PREMIUMS - virtually all rates reduced for 2011-2012, and the IFB E&O plan is 'No Fee' E&O -- no broker fees, no 'fund' fees. When comparing rates, be sure to check if your current provider tacks on these extra charges.
• MORE LIMITS TO CHOOSE FROM - you can now opt for limits from $1 - $5 million
• SIMPLIFIED PREMIUMS - no complicated rate charts and level premiums across the country for life insurance brokers and mutual fund advisors!
  
• CREDIT CARDS NOW ACCEPTED! Pay your premium with Visa or Mastercard*
• GREAT OPTIONAL EXTRAS -coverage for Exempt Market Dealer Reps & low cost Privacy and Network Security coverage
• Coverage arranged with AXIS Reinsurance Company
• Extended Reporting available!

Premium Information for Life Brokers and Mutual Fund Reps:

The coverage year for the IFB E&O program runs from July 1, 2011 - July 1, 2012. Premiums do not include premium tax, where applicable. ON - add 8% tax; QC - add 9% tax. Premiums include all mandatory coverages required by regulation.

Pro-rated premiums for coverage beginning:

Jan. 2012 | Feb. 2012 | Mar. 2012 | Apr. 2012 | May 2012

Ready to apply? Click here to download an 'all in one application for membership and E&O insurance .

Other optional coverage now available to IFB E&O Plan members:

Optional E&O Insurance coverage for Exempt Market Dealer Representatives (EMDR)

IFB plan members can now purchase coverage for their activities as a registered Exempt Market Dealer Rep, provided these activities are conducted through a Registered Exempt Market Dealer. Coverage is issued as an endorsement on your certificate of insurance.

This limit is included in the overall coverage limit selected, and is not in addition to the overall limit. A $5,000 deductible applies for EMDR coverage.

• $250,000 per claim/$250,000 aggregate limit
• Premium July 1, 2011 - July 1, 2012 - $250.00 (plus tax, where applicable)

NEW! Privacy and Network Security Breach Response Insurance

Data security is a paramount exposure in the financial services industry. A breach of data can be ruinous, in terms of costs to comply with notification requirements, potential liability claims, and damage to your business reputation. This coverage available to IFB members addresses these evolving exposures - it protects your business from claims and other exposures resulting from a breach of data security.

Click here to learn more about this important extra coverage!

It includes::

• A: Network Security and Privacy Liability coverage - $100,000 per claim/aggregate
• B: Network Security Event Crisis Management Expense - $50,000 per claim/aggregate
• C: Regulatory Action Coverage - $50,000 per claim/aggregate
• D: Computer System Extortion Expense and Loss Coverage - $50,000 per claim/aggregate

Deductible: $5,000 per claim, with the exception of D, to which no deductible applies

Flat rate Premium: $50 plus tax, if applicable

Want to know more about the features of the IFB E&O program? Click here.

IFB Membership:

In order to take part in the IFB Group E&O program, you should first join IFB. If you're not already familiar with Independent Financial Brokers, we are a national organization that was originally formed by a small group of insurance professionals to protect the independence of brokers like you. Now, 25 years later, IFB has reached a critical mass thanks to the support of independent brokers across Canada.

Our E&O program isn't the only great thing about being an IFB member! As a member, you'll enjoy discounts on a variety of products and services, as well as the lowest registation prices for IFB Summits and educational events.

Click here for information on the Summits and events nearest you.

Want to know more about the benefits of membership? Click here.