COMPANY REGISTRATION

Insurance Requirements

With respect to liability insurance, you must provide one of the following when applying for a Certificate of Authorization (CofA):

  • A certificate of insurance as described below, or
  • Evidence that you are exempt from requiring the insurance-see Exceptions below

All CofA holders must have professional liability insurance that accords with section 16(2)(e) of The Engineering and Geoscientific Professions Act (the Act), specifically a policy with:

  • A policy limit for each single claim of at least $250,000
  • Either an aggregate policy limit for all claims of at least $500,000 per year or an automatic policy limit reinstatement feature
  • A deductible amount under the policy of a maximum of 10% of the single claim limit of the policy
  • Liability coverage for errors, omissions and negligent acts due arising out of professional practice. Note: this coverage is subject to exclusions, conditions and terms considered normal insurance industry practice
  • A provision that, if a party to the policy wants to cancel or amend the insurance policy such that it would conflict with the Act or Association By-laws, that party must first give the other party:
    • At least 45 days written notice, or
    • If premiums are not paid, 15 days written notice
  • The insurer must be licensed under The Insurance Act of Manitoba

Exceptions

A CofA holder does not need professional liability insurance if the professional practice would be in respect of the following hazards:

  • Aviation
  • Nuclear
  • Pollution
  • Shipping

IMPORTANT See the Practice Notes regarding Errors & Omissions Liability Insurance

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