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

Companies boast outstanding performance across several key areas

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

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 Insurance

Among the awardees this year is Northbridge Insurance, recognised for its prominence in the Canadian commercial insurance sector.

Northbridge Insurance 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.

See the rest of the list of winners by reading the 5-Star Professional Liability and D&O special report.

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