2012 - 2013
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 $630!
Features of the 2012 - 2013 IFB E&O Individual Broker Plan:
(New members will require a username and password in order to access the online application. Please call 905-279-2727 to request this information)
To download the 2012-2013 Policy Wording, click here.
Premium Information for Life Brokers and Mutual Fund Reps:
The coverage year for the IFB E&O program runs from July 1, 2012 - July 1, 2013. Premiums do not include premium tax, where applicable. ON - add 8% tax; QC - add 9% tax. Premiums include all mandatory coverages required by regulation.
13 month coverage is available for June 1, 2012 - July 1, 2013. Click here for premiums.
Want to learn more about the features of the IFB E&O Plan? Click here.
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.
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!
Deductible: $5,000 per claim, with the exception of D, to which no deductible applies
Flat rate Premium: $50 plus tax, if applicable
Downloadable application forms
Would you prefer a paper application? Click on the link below to download an application you can print and complete
Renewing Plan Members can renew online using our secure application
Other downloadable documents:
Leaving the business?
Extended reporting (ERP or tail cover) is available for those retiring or leaving the business. IThe cost fo purchase ERP is:
To apply for Extended Reporting cover, call 905-279-2727 or toll-free 1-888-654-3333.
Do you need coverage for your Corporation?
Magnes is also the broker for the IFB sponsored Corporate E&O program. For more information on the Corporate Coverage Solution, click here.
*Premiums paid by credit card, cheque, money order or premium financing are subject to a $15 processing charge.