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INSURANCE FOR ERRORS & OMISSIONS

All CNAREA appraiser members, must carry errors & omissions insurance as mandated in the CNAREA Bylaws Article 6, Section 6-10.

1. If you are a DAR or a DAC you definitely need to be personally insured for Errors & Omissions.

2. If you are a DAR or a DAC and you operate through a company or corporation, you definitely need to have that company or corporation insured, as well as yourself.

3. If you are a Candidate Member and you work for a company or a corporation, or as an independent contractor, you definitely need to be personally insured for Errors & Omissions.

4. If you are a DAR or a DAC and you are an employee of a company, you definitely need to be personally insured for Errors & Omissions.

Member Errors & Omissions Liability Insurance Program Premiums

Designated Member DAR or DAC

LIMIT DEDUCTABLE PREMIUM
$ 1,000,000 $ 1,000 $ 1,157*
$ 2,000,000 $ 1,000 $ 1,505*
$ 3,000,000 $ 1,000 $ 1,969*
$ 5,000,000 $ 1,000 call for quote

Candidate Member CM

$ 1,000,000 $ 1,000 $ 346*
$ 2,000,000 $ 1,000 $ 427*

*NOTE:  These amounts do not include applicable taxes which vary by province.

Extended coverage for DAR or DAC members who already personally insured, with company or corporation revenues up to $150,000. per year, is included in the above rates. If the company or corporation revenues are over $150,000. per year, the insurance cost is by quote only.

Insurance Provider : Prolink

 

Commercial General Liability Insurance Information

 

 

Retirement Insurance Information