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Damages and Fines Insurance Products

Compare 6 products offered for Damages and Fines Insurance from 5 companies including Ironshore, Zurich UK, and Camberford Law plc.

Our Insurance Comparison Tool allows you to pick the policy that's right for you by displaying every Damages and Fines plan offered by Canada's leading insurance providers. If you have questions about this coverage area, check out our Frequently Asked Questions.

Compare Damages and Fines Insurance Policies

Products 1 to 6 of 6
Product name Max Coverage Min Premium Exclusions
Recruitment, Employment and Staffing by CFC Underwriting Ltd Max Coverage N/A Min Premium N/A

more details
Cyber by Zurich UK Max Coverage GBP2M Min Premium N/A
  • adult entertainment
  • all digital currency operations
  • credit card / financial transaction processing
  • data aggregators
  • education
  • government agencies
  • online gambling / gaming
  • USA / Canada

more details
Residents and Tenants by CFC Underwriting Ltd Max Coverage N/A Min Premium N/A

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Residential Property Owners by Arista Insurance Ltd Max Coverage GBP5M Min Premium N/A
  • consequential loss
  • faulty of defective workmanship, operational error or omission
  • mechanical and electrical breakdown or derangement
  • pollution and contamination
  • subsidence caused by new structures bedding down or newly made up ground settling
  • wear and tear, corrosion, gradual deterioration, faulty or defective design and materials

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Cross Undertaking of Damages by Ironshore Max Coverage N/A Min Premium N/A

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Directors and Officers Liability by Camberford Law plc Max Coverage GBP10M Min Premium N/A

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Frequently Asked Questions

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Can You Insure Damages And Fines?

Damages or a fine can be placed on an individual or organization either because they have breached a regulation or statute, or as a penalty after the outcome of a court case not found in their favour. As long as the investigation is not part of a criminal investigation then it is possible to cover certain penalties as long as they are allowable or insurable by law.

Who Can Insure Damages And Fines?

Any business or individual can make a mistake that can have a lasting impact. If a business suffers a cyber attack, causes an accidental impact to the environment or miscalculates a business transaction that violates a trading regulation then chances are they will be liable for a fine or penalty.

While there are insurance policies available that cover things like Professional Liability, Business Interruption or Legal Expenses, if a client faces a fine or penalty then that is a further cost to be considered.

Anyone running a business that could have a detrimental effect on another business or individual caused by their potential errors and omissions could benefit from including fines and penalties included as part of their insurance coverage.

What Does Insurance For Damages And Fines Cover?

Most standard insurance policies specifically exclude civil fines and penalties as they are normally demanded due to a criminal act. As with the insurability of punitive damages, there is no uniform view. Certain penalties are insurable, however, including acts of negligence, regulatory fines, and civil liability.

What Is Not Included In Insurance For Damages And Fines?

Any insurance policy that covers damages and fines will be very restrictive and specific. It is important to check the exact details as only a select few, not all, types of fine will be covered. However penalties to be paid for the following are almost certainly always excluded:


  • illegal or intentional acts
  • fraud
  • vandalism
  • price fixing
  • morally reprehensible behaviour

Can I Buy Stand-Alone Insurance For Damages And Fines?

At present it is unlikely to find a standalone product that only covers fines and penalties. However extended cover or add-ons to certain Professional Liability, Management Liability, Environmental Liability and Cyber insurance products are available. Each individual insurance policy will contain very carefully wording on what sort of fines related to their subject area are insurable.

The cost will either be included in the overall package or an amount calculated as extended cover taking into consideration the size of the company, the potential impact of a negligent act and the cost of previous similar fines awarded.