2025 insurance renewal
Payment is due by August 22, 2025. The total cost of professional liability coverage, including taxes and expenses is $500 for the 2025-2026 policy period.
RECO will be collecting more than 100,000 insurance payments over the summer. Pay by August 15, 2025 to ensure a worry-free payment before the busiest period of the renewal collection.
Learn more about the 2025-2026 insurance renewal.
Professional liability insurance program
The insurance program offers the most comprehensive insurance protection of its kind in Canada. It provides three types of coverage: Errors and Omissions, Commission Protection and Consumer Deposit
What does the coverage include?
| Coverage | Errors and Omissions | Commission Protection | Consumer Deposit |
|---|---|---|---|
| What’s covered? | Covers mistakes such as:
| Covers loss of commissions against:
| Covers consumers’ deposits against:
|
| Limit per claim | $2,000,000 (effective Sept. 1, 2025) | $200,000 | $200,000 |
| Limit per year | $4,000,000 (effective Sept. 1, 2025) | N/A | N/A |
| Limit per event | N/A | $4,000,000 | $4,000,000 |
| Deductible | $2,500 (damages only)
| $250 | $0 |
| Contact info | ClaimsPro LP | ClaimsPro LP | RECO |
Features of the insurance program
The program offers the most comprehensive insurance protection of its kind in Canada. Priced competitively to other provinces.
- The first and only province that provides Commission Protection Insurance and Social Engineering Fraud coverage
- Provides Consumer Deposit Insurance to protect your clients
- Coverage pays for your defence, damages and settlement costs in excess of your deductible
A program with a strong reputation, giving it the ability to obtain the best terms for you.
- Ensures year-to-year continuity of comprehensive coverage and service
- Extends comprehensive coverage to all registrants
- Supporting the industry with consistent claims handling
Industry specialist service providers. Committed to using their years of experience to help manage the claims process.
- Experienced claims adjusters and defence counsel ready to manage your claims
- Knowledgeable professionals assisting you through the claims process
- Professional coverage advice available to you
A program committed to industry education.
- Provides risk management seminars province wide
- Contributors to RECO’s education courses
- Issues industry information blog posts
To learn more about the insurance program, contact Alternative Risk Services:
Phone: 1-866-426-1666 | Fax: 1-855-529-9462 | info@ar-services.ca | www.reco-claims.ca
At all times, the coverage applicable in any given situation will be determined by the particular circumstances and allegations of the claim or potential claim asserted against an insured and will be subject to the policy terms and conditions.
Contact RECO at:
MyWeb
T: 416-207-4800 or 1-800-245-6910 | F: 416-207-4820 | cs@reco.on.ca