Expanding Western Canada

 

Expanding Western Canada

Evolution is very pleased to announce the expansion of Western Canada by welcoming additional Team members to assist you with your risk placements.


 

Our Specialists

Calgary

Western Head Office

Katie Foden, Underwriter – Western Regional Manager x 71
Cell: 403-703-2853 kfoden@evolutioninsurance.ca

Mike Alarie, Senior Underwriter x74
Cell: 403-701-6541 mike.alarie@evolutioninsurance.ca

Vancouver

Darren Imrie, Senior Underwriter x72
Cell: 604-230-0430 darren.imrie@evolutioninsurance.ca

Kate TownsonUnderwriter x 73
Cell: 250-902-7845 ktownson@evolutioninsurance.ca 


Evolution offers one stop shopping!

General Liability, Product Liability, Umbrella and excess Liability:

  • Contractors and Manufacturers of all kinds, including International and Cross Border business
  • USA Product Liability or Domiciled Operations Low to High Hazard, Chemical, Medical Food & Beverage Products
  • Steel Structure Manufacturers and Erectors
  • Concrete Products with Rip & Tear Coverage
  • Protection & Security Program Alarm System Sales, Service & Installation, Alarm Monitoring Firms, Security Guard Firms & Consultants, Private Investigation Firms
  • Railroad Operations, Products or Contractors, etc. 

Primary and Excess Wrap-Up Liability for Construction Projects of all kinds, including industrial, Commercial, Office Buildings, Residential, Condos, etc.
 
Course of Construction and Contractor’s Equipment Protection for your Commercial or Residential risks in protected and unprotected areas.
 
Professional Liability:

  • Architects & Engineers
  • Contractors
  • Single Project
  • Cyber
  • Medical Malpractice
  • Tech & Media
  • Miscellaneous E&O
  • Financial Lines

Commercial Property offered in conjunction with Equipment Breakdown Insurance, Builder’s Risk, Casualty – Primary or Umbrella/Excess and Professional Liability
 
Online Quotes for Tech, Medi and Miscellaneous E&O Risks


Make Evolution Insurance YOUR INSURANCE SOLUTION

 

 

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GroupAssur is forging ahead with the arrival of a CIO

GroupAssur is pleased to announce the arrival of Frédéric St-Jean Mercier as Chief Information Officer within its team. In addition to having worked for one of the largest insurance companies in Canada, Frédéric recently participated in the success of one of the fastest growing software companies in Canada and internationally in recent years.

Frédéric’s experience and knowledge will strengthen and support GroupAssur in its technological ambitions.

 

Refer to the original article


Keeping in Touch – Construction Professional Liability

Construction Professional Liability

 

Evolution is a specialist in risks inherent to the construction industry and is a key market for your needs for multi-year Projects, Contractors, Architects & Engineers and other Construction Professionals Liability.

Evolution’s skilled underwriters are always available to assist brokers in identifying risks or the needs of their clients and understanding the many different coverages available.


CONTRACTORS ERROR & OMISSIONS
 

One of the broadest products on the market for Design-Builders, General Contractors and Specialized Contractors with design, technical services, project management or construction management (agency or at risk) exposures (performed by or on behalf of).
 

  • In-house capacity up to $25,000,000 (additional limits available)
  • Minimum premium starts at $3,250
  • Mitigation of Loss coverage
  • Contractor’s Pollution Liability coverage
  • Extended definition of Professional Services provided by the Assured acting in the capacity of or under the supervision of an architect, engineer, landscape architect, land surveyor, project manager, construction manager, or any other professionally qualified personnel who have attained an appropriate professional qualification from a recognized body
  • Coverage extensions: Disciplinary Action, Occupational Health and Safety, Loss of Documents, Libel & Slander, Unintentional Breach of Confidentiality, Dishonesty of Employees
  • E&O carve-back on Cost Overrun Exclusion
  • E&O carve-back on Delay in Delivery Exclusion
  • E&O carve-back on Faulty Workmanship Exclusion
  • Mold and Asbestos sub limits can be offered
  • Worldwide coverage available

ENGINEERS & ARCHITECTS ERROR & OMISSIONS
 

Exclusive multi-line programs for Engineering and Architectural firms of all sizes across Canada.

  • In-house capacity up to $25,000,000 (additional limits available)
  • Minimum premium as low as $2,500
  • Comprehensive policy offering unique features on a Primary or Excess basis including drop down coverage over mandatory programs
  • Two-year policies available
  • In-house capacity up to $25,000,000 (additional limits available)
  • Minimum premium as low as $2,500
  • Comprehensive policy offering unique features on a Primary or Excess basis including drop down coverage over mandatory programs
  • Two-year policies available

Visit evolutioninsurance.ca for more details and to view ENGenious and ARCHITECT PRO-TECT Brochures.


SINGLE PROJECT ERROR & OMISSIONS
 

Frequently required by project owners, this multi-year Project E&O policy is meant to cover all the professionals involved in a project and provides a dedicated limit that cannot be eroded by claims from other projects. Evolution can consider any type of projects in Canada and abroad.

  • Online quote available
  • In-house capacity up to $10,000,000 (additional limits available)
  • Minimum premium starts at $15,000
  • Retroactive date to first design
  • Policy term covering the duration of the project
  • Extended Reporting Period included (flexibility regarding length)
  • Rectification Cost Extension available
  • Owner’s indemnity Extension available
  • Flexibility regarding other specific requirements

Evolution is your “one stop shop” as we can also offer Property/Contractors Equipment, Commercial General Liability, Directors & Officers Liability and complete Cyber insurance to your clients. We can also answer to their punctual needs for specific project insurance (Wrap-Up, Builder’s Risk, E&O).

 

Make Evolution Insurance YOUR INSURANCE SOLUTION

 

Take a look at our Newsletter


GroupAssur merges with Evolution Insurance

GroupAssur becomes the Largest Independent Canadian-owned
P&C Managing General Agent with this merger

 

April 20, 2021 – GroupAssur, a Canadian Managing General Agent (“MGA”) specializing in Property and Casualty (“P&C”) insurance lines, today announced that it has merged with Evolution Insurance (“Evolution”), an MGA and wholesaler specializing in complex risks that offers its facilities, programs and services to Canadian brokers. Novacap, one of Canada’s leading private equity firms, owns a majority interest in GroupAssur. Following the combination, each company will initially continue to operate under their existing brand names, with an objective of full integration in 2022.

Founded in 2008, and led by Yves Daigneault and Louis-Philippe Ferland, Evolution has grown to become a sought-after resource to insurance brokers across Canada. The company specializes in managing complex risks requiring a specialized approach and mindset, with a product that is more adaptive to client needs. The combination of GroupAssur and Evolution creates an even stronger platform with scale to build from across the country.  The owners of Evolution will continue as shareholders of GroupAssur.

“We are thrilled to bring together two great companies and two great cultures, led by exceptional entrepreneurs,” said Marcel Larochelle, Managing Partner, Financial Services at Novacap. “With this transaction, we continue to grow a strong national platform that can meet the needs of brokers and their clients across a broad spectrum of products and geography. Evolution has emerged as a strong player in the P&C marketplace, which will complement well with GroupAssur’s product offerings and target markets.”

 “When we partnered with Novacap in 2020, our goal was to build the best MGA platform in Canada. By combining with Evolution, we are well on our way,” said Jean-Francois Raymond, President of GroupAssur. “With Evolution’s global relationships and expertise, we will be able to have a broader product offering in additional markets with increased distribution. Furthermore, our philosophies are fully aligned, as we are both always striving to meet the needs of our customers and brokers in markets where it is becoming increasingly difficult to find specialized products for clients.”

 “We have known Jean-François and GroupAssur for many years and are impressed by the great company they have built,” said Yves Daigneault, President of Evolution Insurance. “With Novacap’s guidance, we are proud to be joining with this great company in the next leg of our growth. With our combined capabilities, we foresee many great synergistic relationships developing across all of our customer, broker and client networks, for the benefit of all stakeholders.”

Fasken Martineau Dumoulin LLP acted as legal advisors to GroupAssur.
Lavery de Billy, L.L.P. acted as legal advisors to Evolution.


About GroupAssur

Founded in 1993 by a group of brokers coming together to provide services to larger enterprises, GroupAssur is an MGA servicing specialized insurance needs of brokers and customers across Canada. The company provides underwriting services for complex insurance policies on behalf of Canadian insurance carriers, international insurance carriers, and Lloyd’s of London insurance syndicates. GroupAssur is headquartered in Montreal, QC, with additional offices in Quebec City and Brossard, QC, and Markham, Ontario. For more information, please visit http://www.groupassur.com/.

About Evolution Insurance

Founded in 2008, and operating across Canada with offices in Terrebonne, Quebec city, Montreal, Toronto and Calgary. Evolution Insurance has become an important resource to insurance brokers and is a market of choice for complex risks requiring a different approach and mindset, and a product that is more adapted to our insured’s needs. For more information, please visit https://www.assurancesevolution.ca/

About Novacap

Founded in 1981, Novacap is a leading Canadian private equity firm with more than C$6B of AUM that has invested in more than 90 platform companies and completed more than 140 add-on acquisitions. Applying its sector-focused approach since 2007 in TMT, Industries and now Financial Services, Novacap’s deep domain expertise can accelerate company growth and create long-term value. With experienced, dedicated investment and operations teams as well as substantial funding, Novacap has the resources and knowledge to build world-class businesses. Novacap has offices in Brossard, Quebec and Toronto, Ontario. For more information, please visit www.novacap.ca.

For further information: Novacap: Sean McKinnon, NOVACAP, +1 450-651-5000 ext.291, smckinnon@novacap.ca

 

                                                                           Make Evolution Insurance YOUR INSURANCE SOLUTION

 

Take a look at our Newsletter


Keeping in touch – EVO NEWSLETTER MARCH

 

PROJECT INSURANCE

Evolution’s expertise is at your disposal to cover your Insured’s projects.

Choose the Program you need!


 

Wrap-Up Insurance

  • $100M In-house capacity
  • No General Liability Aggregate
  • Sudden and Accidental Pollution offered at the full policy limit
  • Broad Coverage

 

Project Specific E&O 

  • Limits up to $10M primary or excess
  • Multi-Year Project Professional Liability Insurance
  • Most  projects considered
  • Coverage for all professionals involved in the project
  • Retroactive coverage to First Design as well as flexibility regarding the lenght of the extended reporting period or other specific requirements

Evolution Insurance also offers Professional Liability policies for Contractors and all construction-related Professionals.

 

Builder’s Risk Insurance

  • In-house capacity of 5M for wood frame and $10M for fire-resistive
  • Additional capacity available through our markets
  • Project limit can be adjusted as needed
  • Builder’s Risk Insurance will cover damage up to the policy limit,reflecting the total value of the structure, including material and labor costs

 

Evolution also offers Boiler & Machinery, Wrap-Up Insurance and Project Specific Professional Liability to provide a complete insurance program.

 

Make Evolution Insurance YOUR INSURANCE SOLUTION!

Take a look at our Newsletter


Keeping in Touch – Casualty Risks

$100M IN-HOUSE CAPACITY

Casualty is a core segment of Evolution’s product offering providing some of the broadest appetites in the market. Targeting severity over frequency driven risks on a primary basis, Evolution can entertain all types of manufacturers, contractors and distributors, including those with sales or operations in the USA. With over $100M of available capacity, we can provide casualty solutions for most industries.

Evolution has the flexibility to tailor policies to fit the Insured’s coverage needs, with available sub-limits for Faulty Workmanship and Product Recall. In-house underwriting by casualty specialists ensures a quick turnaround time when required.


OUR RISK APPETITE

General/Products Liability

  • Manufacturers & Distributors of all kinds
  • Contractors of all kinds
  • Machining Operations
  • Steel Structure Manufacturers and Erectors
  • Chemical Products
  • Medical Products
  • Recycling Facilities
  • Plastic or Rubber Goods Manufacturers
  • Security Firms
  • Metal Workers
  • Concrete Products with Rip & Tear Coverage
  • Machinery Manufacturers and Installation
  • Building and Construction Materials
  • Electronic Components and Products
  • Food and Beverage Manufacturers and Distributors

Umbrella & Excess Liability

  • Construction
  • Real Estate Owners
  • Hotels
  • Shopping Malls
  • Restaurants
  • Railroad Operations
  • Municipalities
  • Manufacturers & Distributors
  • Distributors
  • Food and Beverage Manufacturers and Distributors 
  • General and Specialized Contractors
  • Pipelines
  • Oil & Gas
  • Utilities

Wrap-up Liability

  • Condo, Residential and Commercial Building Construction
  • Road Construction
  • Real-Estate Expansion
  • Renovation Projects
  • Machinery Installation
  • Blasting Projects
  • Excavation Projects
  • Sports Arenas
  • Health Sector Projects
  • Infrastructure Projects
  • Bridge Construction

 

Make Evolution Insurance YOUR INSURANCE SOLUTION

 

Click here to see our Newsletter


Keeping in touch – Welcoming 2021

Dear Brokers,

We happily welcome 2021 with its’ promise of new beginnings following our farewell to an unusually challenging year. We thank you for your understanding and for your support throughout the past several months and we look forward to a healthy and successful new year working together.

 

Evolution’s Team of dedicated specialists diligently continue to find solutions for your risk placements and tirelessly make every effort to provide you with an excellent service.


Evolution offers one stop shopping!

General Liability, Product Liability, Umbrella and Excess Liability:

    • Contractors and Manufacturers of all kinds, including International and Cross-Border Businesses
    • USA Product Liability or Domiciled Operations
    • Low to High Hazard, Chemical, Medical, Food & Beverage Products
    • Steel Structure Manufacturers and Erectors
    • Concrete Products with Rip & Tear Coverage
    • Protection & Security Program: Alarm System Sales, Service & Installation, Alarm Monitoring Firms, Security Guard Firms & Consultants, Private Investigation Firms
    • Railroad Operations, Products or Contractors, etc.

 

Primary and Excess Wrap-Up Liability for Construction Projects of all kinds, including Industrial, Commercial, Office Buildings, Residential, Condos, etc.

Course of Construction and Contractor’s Equipment Protection for your Commercial or Residential risks in protected and unprotected areas. 

Professional Liability:

    • Architects & Engineers
    • Contractors
    • Single Project
    • Miscellaneous E&O 
    • Cyber
    • Medical Malpractice 
    • Tech & Media
    • Financial Lines

 

Commercial Property offered in conjunction with Equipment Breakdown Insurance, Builder’s Risk, Casualty – Primary or Umbrella/Excess and Professional Liability.

Online Quotes for Tech, Media and Miscellaneous E&O risks

 

Make Evolution Insurance YOUR INSURANCE SOLUTION

See our newsletter


Keeping in touch – EVOLUTION IS EXPANDING IN WESTERN CANADA

We are pleased to announce that Katie Foden has joined Evolution!
 
It is with great pleasure that we are welcoming Katie in her role of Western Canada Regional Manager. With Underwriting background and Business Development experience, Katie is embracing the challenge and opportunity to grow our business across Western Canada while adding a local presence in Calgary, Alberta.

Katie can be reached at:
Email: kfoden@evolutioninsurance.ca
Office: 587-997-5968 ext 71
Toll-Free: 877- 347-0777 ext 71
Cell: 403-703-2853


OUR PRODUCTS AND RISK APPETITE

 

General Liability, Products Liability, Umbrella, and Excess Liability

  • Contractors and Manufacturers of all kinds, including International and Cross-border Businesses
  • USA Products Liability or Domiciled Operations
  • Low to High Hazard, Chemical, Medical, Food & Beverage Products
  • Steel Structure Manufacturers and Erectors
  • Concrete Products with Rip & Tear Coverage
  • Protection & Security Program: Alarm System Sales, Service & Installation; Alarm Monitoring Firms; Security Guard Firms & Consultants; Private Investigation Firms
  • Railroad Operations, Products or Contractors, etc. 

 

Primary and Excess Wrap-Up Liability for Construction projects of all sorts, including Industrial, Commercial, Office Buildings, Residential, Condos, etc.

 

Course of Construction for your Commercial or Residential risks in protected and unprotected areas

 

Professional Liability

  • Architects & Engineers
  • Contractors
  • Single Project
  • Cyber – Online quote availability
  • Medical Malpractice – Online quote availability
  • Tech & Media – Online quote availability
  • Miscellaneous E&O – Online quote availability
  • Financial Lines

 

Make Evolution Insurance YOUR INSURANCE SOLUTION

See our Newsletter


Keeping in touch – Selected Finalists

Dear Brokers,

Not only that we have been elected a 5 Star MGA, but we are also honored and proud to announce that Evolution Insurance has been selected as a Finalist in the 5th Annual Insurance Business Canada Awards to receive The Armour Insurance Award for MGA of the Year. 
Never 2 without 3 as the saying goes: our congratulations go out to one of our own, Manuela Ziemer, who has also been selected as a Finalist for Underwriter of the Year. 

We sincerely thank every one of you that voted for Evolution Insurance Inc.as we could not have done it without your support.

Evolution Insurance and Team.

 

Make Evolution Insurance YOUR INSURANCE SOLUTION

See our Newsletter


Keeping In Touch – September 2020 – Builder’s Risk Insurance

BUILDER’S RISK INSURANCE

To compliment our existing line-up of products, Wrap-Up Liability and Project E&O, our COURSE OF CONSTRUCTION Product allows us to offer a broad and comprehensive solution for all your construction project Insurance needs


Our Appetite

Commercial or Residential Risks in Protected or Unprotected Areas

 

Product Features

  • Up to $10M capacity on wood frame projects **
  • Up to $15M capacity on fire resistive / non-combustible projects **
  • No Minimum premium
  • Global COC Coverage is also available. Subject to certain underwriting criteria and minimum premiums          

       ** Additional capacity through partner markets


In-house underwriting by our knowledgeable & experienced Underwriters ensures a quick turnaround time when required.

 

Make Evolution Insurance YOUR INSURANCE SOLUTION


Keeping in Touch – July 2020 – Nominate Evolution Insurance

Nominate Evolution!

 

Nominations are open for the 5th annual Insurance Business Canada Awards, the leading independent awards event recognizing excellence across the insurance industry.
 

Dear Brokers,
 
We hope you and your family are keeping well. 

Evolution Insurance is participating in the Insurance Business Canada Awards this year and hope to be elected for the “Armour Insurance Award for MGA of the year for 2020”

We would greatly appreciate your participation by taking a few minutes to nominate Evolution in the category: https://ibawards.ca/the-armour-insurance-award-for-mga-of-the-year  by clicking on “Nominate” on the top right side of the page.

We sincerely thank you for your continuous support.

The Evolution Team
 

 
 

Yves Daigneault and Louis-Philippe Ferland, Owners and Founders of Assurances Evolution Inc. established their MGA over 10 years ago.  They are now widely recognized and respected in the insurance industry, noted for internal capacity and market partnerships, being in constant evolution, continuing to offer a variety of essential and comprehensive products, all while striving to provide the best possible service to all Brokers through a skilled and dedicated Team of valued employees.


Keeping In Touch – July 2020 – Protection & Security Risks

Evolution Insurance offers a complete product designed specifically for Protection & Security Services risks Insurance.

Low Minimum Premiums
In-house Capacity $25,000,000
 

Target Classes

  • Alarm Sales, Service, Installation
  • Alarm Monitoring Firms
  • Security Guard Firms

 

Program Highlights

  • Failure to Perform Coverage included up to policy limits
  • Halon & Other Fire Extinguishing Agent release
  • Assault & Battery
  • Lock & Key Replacement Coverage
  • E&O Coverage Extension
  • Employee Bene­ts Liability
  • Employee Dishonesty
  • Broad Form Property Coverage and Extensions available
  • USA & International Sales
  • Stand Alone Excess and Umbrella Liability Coverage available if required

In-house underwriting by our knowledgeable & experienced underwriting specialist ensures a quick turnaround time when required.


Keeping In Touch – June 2020 – Construction Professional Liability

Construction Professional Liability

 
Evolution is a specialist in risks inherent to the construction industry and is a key market for your needs for multi-year Projects, Contractors, Architects & Engineers and other Construction Professionals Liability.

Evolution’s skilled underwriters are always available to assist brokers in identifying risks or the needs of their clients and understanding the many different coverages available.
 

CONTRACTORS E&O

One of the broadest products on the market for Design-Builders, General Contractors and Specialized Contractors with design, technical services, project management or construction management (agency or at risk) exposures (performed by or on behalf of).

  • In-house capacity up to $25,000,000 (additional limits available)
  • Minimum premium starts at $3,250
  • Mitigation of Loss coverage
  • Contractor’s Pollution Liability coverage
  • Extended definition of Professional Services provided by the Assured acting in the capacity of or under the supervision of an architect, engineer, landscape architect, land surveyor, project manager, construction manager, or any other professionally qualified personnel who have attained an appropriate professional qualification from a recognized body
  • Coverage extensions: Disciplinary Action, Occupational Health and Safety, Loss of Documents, Libel & Slander, Unintentional Breach of Confidentiality, Dishonesty of Employees
  • E&O carve-back on Cost Overrun Exclusion
  • E&O carve-back on Delay in Delivery Exclusion
  • E&O carve-back on Faulty Workmanship Exclusion
  • Mold and Asbestos sub limits can be offered
  • Worldwide coverage available
ARCHITECTS & ENGINEERS E&O

Exclusive multi-line programs for Engineering and Architectural firms of all sizes across Canada.

  • In-house capacity up to $25,000,000 (additional limits available)
  • Minimum premium as low as $2,500
  • Comprehensive policy offering unique features on a Primary or Excess basis including drop down coverage over mandatory programs
  • Two-year policies available
  • In-house capacity up to $25,000,000 (additional limits available)
  • Minimum premium as low as $2,500
  • Comprehensive policy offering unique features on a Primary or Excess basis including drop down coverage over mandatory programs
  • Two-year policies available
ENGenious and ARCHITECT PRO-TECT brochures are available on our website. Visit evolutioninsurance.ca for more details.

SINGLE PROJECT E&O

Frequently required by project owners, this multi-year Project E&O policy is meant to cover all the professionals involved in a project and provides a dedicated limit that cannot be eroded by claims from other projects. Evolution can consider any type of projects in Canada and abroad.

  • Online quote available
  • In-house capacity up to $10,000,000 (additional limits available)
  • Minimum premium starts at $15,000
  • Retroactive date to first design
  • Policy term covering the duration of the project
  • Extended Reporting Period included (flexibility regarding length)
  • Rectification Cost Extension available
  • Owner’s indemnity Extension available
  • Flexibility regarding other specific requirements

Evolution is your “one stop shop” as we can also offer Property/Contractors Equipment, Commercial General Liability, Directors & Officers Liability and complete Cyber insurance to your clients. We can also answer to their punctual needs for specific project insurance (Wrap-Up, Builder’s Risk, E&O).


Keeping in Touch – May 2020 – Project Insurance

As we cautiously venture into the “new” normal and Construction Projects are on the rise, Evolution’s expertise is at your disposal to cover your Insured’s projects.  

Choose the Program you need for your Project Insurance Risk

 
Wrap-Up Insurance
  • $100M In-house Capacity
  • No General Liability Aggregate
  • Sudden and Accidental Pollution offered at the full policy limit
  • Broad Coverage
Project Specific E&O
  • Limits up to $10M primary or excess
  • Multi-Year Project Professional Liability Insurance
  • For most type of projects
  • Coverage for all professionals involved in the project
  • Retroactive coverage to First Design as well as flexibility regarding the extended reporting period length or other specific requirement. 

Evolution Insurance also offers Professional Liability policies for Contractors and all Construction related Professionals.

Builder’s Risk Insurance
  • In-house capacity of over $5M on wood frame and $15M on fire resistive.
  • Additional capacity available through our markets.
  • Project limit can be reviewed as needed
  • Builder’s Risk Insurance will cover damage up to the policy limit, which will reflect the total value of the structure, including material and labor cost. 

To ensure complete coverage, Evolution offers Builder’s Risk, Boiler, Wrap-Up Insurance and Project Specific Professional Liability.

Have questions or comments? Feel free to contact us!


Keeping in Touch – May 2020 – Financial Risk Insurance

Financial Risk Insurance

EVO MortgagePro and EVO FinancePro

 

Available only through Evolution Insurance Inc., EVO MortgagePro & EVO FinancePro products are comprehensive and integrated insurance solutions designed for medium to large sized financial firms. Our underwriting team relies on a consultative and specialized approach to provide you with a tailored insurance solution for all your complex risks, on a primary or excess basis.
 

Product Features
  • Minimum premium $10,000 ($5,000 for certain classes)
  • Limits of liability up to $10M aggregate
  • Worldwide coverage available
  • Combined E&O and D&O coverage available
     
Our appetite
EVO MortgagePro
  • Mortgage brokers (including private lending, in-house lending & MICs)
  • Mortgage administrators
  • Mortgage syndicators
 
EVO FinancePro
  • Exempt market dealers
  • Private lenders
  • Corporate finance consultants (lower minimum premiums)
  • Financial advisory firms
D&O
  • Financial professionals (entities)
  • Financial institutions
  • Publicly traded company
Evolution can also provide E&O insurance for:
  • Mortgage investment corporations
  • Investments funds
  • Investment banking advisory firms
  • Portfolio managers
     

Dear Brokers,

We hope you and your families are keeping safe and healthy during this unprecedented World Health Crisis we are all going through. Evolution Insurances’ dedicated team continues to be available to serve your insurance needs during these uncertain times. Should you have any questions regarding how we are handling this situation and how we can help you, do not hesitate to contact us.

Your Evolution Team

 

Have questions or comments?
Feel free to contact us!


Keeping in Touch – March 2020 – Casualty

Casualty Risk

CASUALTY RISKS – $100M IN-HOUSE FACILITIES
 

Casualty is a core segment of Evolution’s product offering providing some of the broadest appetites on the market. Targeting severity over frequency driven risks on a primary basis, Evolution can entertain all types of manufacturers, contractors and distributors, including those with sales or operations in the USA. With over $100M of available capacity, we can provide casualty solutions to most industries.

Evolution has the flexibility to tailor policies to fit the Insured’s coverage needs, with available sub-limits for faulty workmanship and product recall. In-house underwriting by casualty specialists ensures a quick turnaround time when required.

Our Risk Appetite
General/Products Liability
 

  • Manufacturers of all kinds
  • Contractors of all kinds
  • Machining Operations
  • Steel Structure Manufacturers and Erectors
  • Chemical Products
  • Medical Products
  • Recycling Facilities
  • Plastic or Rubber Goods Manufacturers
  • Security Firms
  • Metal Workers
  • Concrete Products with Rip & Tear Coverage
  • Machinery Manufacturers and Installation
  • Building and Construction Materials
  • Electronic Components and Products
  • Food and Beverages Manufacturers and Distributors
     

Umbrella & Excess Liability
 

  • Construction
  • Real Estate Owners
  • Hotels
  • Shopping Malls
  • Restaurants
  • Railroad Operations
  • Municipalities
  • Manufacturers
  • Distributors
  • Food and Beverages
  • General and Specialized Contractors
  • Pipelines
  • Oil & Gas
  • Utilities
     

Wrap-up Liability
 

  • Blasting Projects
  • Excavation Projects
  • Sports Arenas
  • Heath Sector Projects
  • Infrastructure Projects
  • Bridge Construction
  • Blasting Projects
  • Excavation Projects

Have questions or comments?
Feel free to contact us!


Keeping in Touch – February 2020 – Cyber Risks

Available only through Evolution Insurance, EVO Cyber is a product specifically designed to offer a comprehensive first and third-party coverage for personal data liability to SMEs.

Coverage available on a standalone or add-on basis

Premiums as low as $175 (add-on) or $1,000 (standalone)

Limit of indemnity up to $2,000,000

Deductible as low as $1,000

Instant quote; minimal information required

Only a one-page declaration is needed to bind coverage

Target

Any small to mid-sized companies domiciled in Canada with revenues up to $50M, and not operating in the financial, health/pharma, software or governmental sectors.

 

PRODUCT FEATURES

Insuring Agreements:

  • Breach of personal data
  • Business interruption
  • Hacker damage
  • Cyber extortion
  • Privacy infringement claim
  • Crisis management costs

Also included:

  • Automatic worldwide coverage (Canada jurisdiction)
  • Broad definition of breach
  • Cyber hotline 24/7 with designated breach coach

 

FREQUENT CYBER CLAIMS

The average cyber claim incurs serveral hundred thousand dollars in damages (not considering reputational damages), and often affects small to mid-sized companies being more prone to system vulnerabilities. Past scenarios include:

  • Spyware virus
  • Data theft and cyber extortion
  • Rogue ex-employees
  • Stolen laptops
  • Dumpster diving (data theft is not limited to a computer breach)
  • Website/Server vulnerability
  • Involuntary leaked customer details
  • Server room unauthorized access

 

Questions or comments?
Contact us!


Keeping in Touch – January 2020 – Online Quotes

Online Quoting Website

For your TECH, MEDIA and MISC. E&O risks.

Key Features

  • Over 100 trades
  • Combined E&O and GL policies
  • Full life-cycle system (quotes, bind policies, mid-term adjustments, renewals)
  • Referral link directly with Underwriters with ability to amend premiums or add coverages if required

 

REGISTRATION

We invite your brokerage to setup an account by sending the name of your firm as well as the name and email address of your selected administrator broker to underwriting@evolutioninsurance.ca.
This administrator broker (« super user ») will afterwards easily be able to add any other broker of the firm as user directly on the website.

Once you have registered, simply go to assurancesevolution.hccint.com and obtain your quote, bind, obtain policy documents and much more online by answering only a few questions on behalf of your clients.

In most cases, you will be able to get an instant quote. If your client’s circumstances do not qualify for an instant quote, a referral will automatically be sent to our underwriters and you will receive a response within 2 business days.
 

Have questions or comments?
Feel free to contact us!


Keeping in Touch – January 2020 – Protetion & Security

Protection & Security Risks

Evolution Insurance offers a complete product designed specifically for Protection & Security Services risks.

 

Low Minimum Premiums
In-house Capacity $25,000,000

 

Target Classes

  • Alarm Sales, Service, Installation
  • Alarm Monitoring Firms
  • Security Guard Firms

 

Program Highlights

  • Failure to Perform Coverage included up to policy limits
  • Halon & Other Fire Extinguishing Agent release
  • Assault & Battery
  • Lock & Key Replacement Coverage
  • E&O Coverage Extension
  • Employee Bene­ts Liability
  • Employee Dishonesty
  • Broad Form Property Coverage and Extensions available
  • USA & International Sales
  • Stand Alone Excess and Umbrella Liability Coverage
  • available if required
     

Have questions or comments?
Feel free to contact us!