Insurance Business Canada magazine recently ran a feature on Victor (formerly ENCON), who this year celebrates their fiftieth anniversary of providing the Engineers' Professional Liability program for Canada’s engineers, endorsed jointly by Engineers Canada and the Association of Consulting Engineering Companies - Canada (ACEC). The article, “Built for Builders”, notes Victor’s sustainable thinking, adaptability to changing industry risks, and leading-edge planning in the face of globalization-related challenges as some of the keys to the program’s long-term success.
“Fifty years is an amazing accomplishment where Victor, with our long-standing partnership with Engineers Canada, has played an important role in the professional liability insurance market for consulting engineers in Canada,” said Steve Wilson, senior vice-president and leader of Victor’s architects & engineers underwriting department.
A look at the current offerings under the program make it clear why Victor has been such an appealing option for so many years. It has been designed to take a holistic approach to protecting engineering firms, safeguarding design professionals who own businesses, their employees, and the organizations themselves from claims and allegations of professional negligence. This degree of protection also remains true no matter the size of the business. Clients include architectural and engineering firms ranging from small, single practitioner operations to multinational, multidisciplinary firms with tens of millions of dollars in billed fees.
In Wilson’s words, “We implement products tailored to a size and type of an organization, offer enhanced policy terms and conditions, make available higher limits for longer policy periods and ensure that engineers who own a business are presented with options.”
To learn more about the program and its unique offerings, you can visit Victor’s eLearning Centre and webcasts. There you’ll find educational courses that feature realistic professional liability examples and project scenarios, earn continuing education credit(s), and earn a premium credit (for existing Victor policyholders) which can be applied to your organization's next policy renewal.