Key Questions about the ICCRC-CRCIC Errors and Omissions Program
The premium for the July 1, 2021 to July 1, 2022 policy term is $279 for $1,000,000 in liability coverage.
It is a necessity for all members of the ICCRC/CRCIC to purchase errors and omissions insurance so as to remain in good standing. This policy will cover individual members as well as clerical staff, but not your company. An exception to this is a personal who is registered as a “personal corporation” or “limited entity” – they may have their coverage extended.
This insurance is mandatory for ICCRC and must be purchased in order to confirm compliance with the membership requirements.
It is a requirement of the ICCRC/CRCIC that all members in good standing purchase Errors & Omissions insurance.
However, this insurance policy does not cover your company.
This policy is intended to cover individual members and their clerical staff. However, a person who registers themselves as a “personal corporation or limited entity” can have coverage extended.
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