Pro-Demnity Insurance Company provides the mandatory professional liability insurance to Ontario architects in accordance with provincial legislation. Although it is a wholly owned subsidiary of the OAA, it is an independent entity with its own Board of Directors. As an insurance company, it is regulated by the Financial Services Commission of Ontario.
Pro-Demnity commenced operations in 1987 as an “Indemnity Plan” within the OAA. In 2003, the OAA transferred the operations to Pro-Demnity Insurance Company to continue to provide the mandatory insurance.
In addition to its mandatory role, Pro-Demnity provides Ontario architects:
- increased limits up to $10,250,000;
- single project insurance;
- the Retirement From Practice Program; and
- risk management services offering advice and support to individual practices and publication on current topics of concern for its insured practices.
To enhance the provision of risk management, Pro-Demnity supported the establishment of The Foundation for Architectural Research, a not-for-profit organization. The Foundation provides loss-prevention seminars and research to assist practitioners in the reduction of exposure to professional liability claims.
Pro-Demnity is tribunalized at Lloyd’s and approved as a cover-holder to provide insurance on behalf of certain Lloyd’s underwriters in accordance with the agreement between the underwriters and Pro-Demnity. This provides the opportunity to provide insurance to supplement the existing mandatory and other insurances offered by Pro-Demnity.
Please see the Pro-Demnity Website for references, bulletins and application forms.