PFP Commercial Coverage
Elements of Coverage
Employment Disputes:
If you have a dispute with an employee arising out of their contract of employment, and/or with regards to a wrongful dismissal claim
Legal Defence:
If you face a criminal charge, police investigation, occupational health and safety investigation, or claim alleging failure to comply with privacy or anti-spam legislation
Statutory Licence Protection:
If you faces a suspension, alteration, or cancellation of your commercial licence
Property Protection:
If you experience a legal nuisance or trespass, or if someone causes physical damage to your commercial property
Personal Injury:
If someone causes you bodily injury, illness, or death while you are working
Tax Protection:
If you face a tax appeal, tax audit, tax field audit, or tax review relating to a
determination of liability for commercial income tax or payroll deductions compliance
Contract Disputes & Debt Recovery:
If you face a dispute relating to the selling or buying of goods, or the obtaining or providing of services
Legal Advice Helpline:
Unlimited access to a general legal advice helpline for any business-related legal issue
Exclusions and Limits:
Major Exclusions:
- Insured person’s breach of professional duty
- Vehicle-related prosecution or defence
- Claims arising from a tax avoidance scheme
Deductibles:
- For all claims there is a $500 deductible
- Except for a tax field audit (under Tax Protection) where there deductible is
$2,000
- $50,000 per Tax claim
- $100,000 per Legal claim
- $250,000 in aggregate per policy period
- 10% Co-insurance in excess of $50,000
- Minimum Sum in dispute $3000 for Contract Disputes & Debt Recovery
- Professional Expenses – maximum rate of $400/hr
Business Owners: Avoid a CRA Audit by Steering Clear of these Red Flags
