Revealed – Canada's top professional liability and D&O insurers

Revealed – Canada’s top professional liability and D&O insurers | Insurance Business Canada

Professional Risks

Revealed – Canada’s top professional liability and D&O insurers

Companies boast outstanding performance across several key areas

Professional Risks

By
Roxanne Libatique

Insurance Business Canada (IBC) has revealed the leading professional liability and directors and officers (D&O) insurance providers in Canada for 2024.

This recognition highlights insurance firms that differentiated themselves through superior performance across several key areas:

coverage options;
underwriting expertise;
speed of claims payment and processing;
overall value; and
broker support services.

Methodology behind the selection

To compile the rankings, IBC conducted comprehensive interviews and surveys with the nation’s brokers.

Over a period of 15 weeks, IBC gathered insights from its extensive network, soliciting feedback on the professional liability and D&O insurers brokers have worked with in the preceding year. The evaluation criteria focused on coverage, underwriting knowledge, and effectiveness in risk mitigation.

Only companies that received an average rating above 4 out of 5 from brokers were designated as Canada’s top-tier professional liability and D&O insurance carriers, earning the prestigious 5-star rating.

Northbridge Financial Corporation stood out for its collaborative approach with broker partners and its deep understanding of industry-specific risks. This approach enabled the company to offer tailored solutions that help businesses manage risks more efficiently, allowing them to concentrate on growth and opportunity rather than potential liabilities.