Insurance Programs

Insurance Products for Corporate Research Agencies

MRIA has partnered with LMS PROLINK Ltd. to provide Member Insurance Programs tailored to the marketing research and intelligence industry.

These Insurance Programs are available exclusively to MRIA Corporate Research Agencies, both Gold Seal Certified and Basic.

A) Professional Liability / Errors & Omissions (E&O) Insurance (also known as Malpractice Insurance):
  • Critical coverage for professional negligence and errors committed by you or an employee, offering an average of a 25% premium discount compared to general marketplace rates.
  • E&O and CGL policy holders can benefit from a “Legal Assist” service at no additional cost.
  • For more information, click here.
B) Commercial General Liability Insurance:
  • Protects your business from third party claims stemming from bodily injury, property damage or personal injury (i.e., libel and slander) caused by a representative of your company.
  • For more information, click here.
C) Property, Business Interruption and Crime Insurance:
  • Protects your property – from buildings and furniture to computer equipment, phone systems and money/securities.
  • Also provides employee dishonesty coverage, stolen money/securities, cheque forgery and computer fraud committed against your firm.
  • For more information, click here.

Contact information - LMS PROLINK Ltd.

LMS PROLINK Ltd. is a national insurance brokerage focused on delivering Association Affinity Programs to Canada’s leading Professional Associations. LMS PROLINK has partnered with Dale Parizeau Morris Mackenzie to deliver efficient service to MRIA members in both English and French across Canada.

Key Contacts:

For members residing outside the province of Quebec:

LMS PROLINK Ltd.
Peter McCabe
Phone (toll free): 800-663-6828 ext. 7713
Phone (direct): 416-644-7713
Email: peterm@lms.ca
Website: WWW.LMS.CA/MRIA

For members residing in the province of Quebec (service provided in English and in French):

Dale Parizeau Morris Mackenzie
Eric Pin
Phone (toll free): 800-361-8715
Phone (direct): 514-905-3353
Email: EPIN@DPMM.CA
Website: WWW.DPMM.CA

To obtain a non-binding quote for the MRIA Member Insurance Programs:
  • Click here to download, complete and print the Professional & Commercial General Liability Insurance Application Form.
  • Click here to download, complete and print the Property Insurance Application Form.

Professional Liability / Errors & Omissions (E&O) Insurance (also known as Malpractice Insurance):

  • Critical coverage for professional negligence and errors committed by you or an employee. This coverage protects your business and reputation from professional liability lawsuits and compensatory damages.
  • Broad coverage tailored for MRIA Corporate Research Agency members
    Offering an average of 25% premium discount compared to general marketplace rates. A larger discount is available to Corporate Research Agency - Gold Seal members and to firms with staff members holding the CMRP designation.
  • “Legal Assist” service at no additional cost – Provides E&O and CGL policy holders with access to legal advice at anytime in regards to business issues such as understanding complicated client contracts, dealing with sensitive employee issues; and general risk management. This service is offered in English and in French and is provided by lawyers who are fully licensed members of the Law Society of the province or territory of your choice. According to statistics, the average Legal Assist phone call is 90 minutes in length, which would translate to a hefty legal bill if this service was accessed elsewhere!
Why do MRIA Corporate Research Agency Members Need E&O Insurance?

E&O is an important & affordable risk management solution. Plaintiff lawyers aggressively pursue all consultants/suppliers remotely related to a loss incurred by your client. Members providing advice, strategic consulting, marketing communication, and research and analysis services are exposed to claims of professional negligence.

  • You cannot control every detail: “to err is human.” The policy will also respond to lawsuits that are frivolous in nature.
  • The policy covers your legal defense costs and damages if you are found liable.
  • Many government & private sector clients are demanding that their suppliers maintain E&O coverage.
  • Liability coverage available from $500,000 to $5,000,000 per claim.
  • Additional premium discounts provided for Corporate Research Agency - Gold Seal members and to firms with staff members holding the CMRP designation.
How does the MRIA E&O Program Compare with E&O in the general insurance marketplace?

1) Premium Savings:

  • Take advantage of greater buying power through MRIA’s custom-designed group E&O Program.
  • Save an average of 25% on your E&O premium compared to general marketplace rates.
  • Additional premium discounts provided for Corporate Research Agency - Gold Seal members and to firms with staff members holding the CMRP designation.

2) Broader E&O Coverage:
A customized policy covering much more than research services. The policy can be extended to cover:

  1. Invasion or infringement of privacy or publicity, including publication of private facts;
  2. Actual or alleged infringement of title, trademark, copyright, trade name or misappropriation of ideas;
    Product disparagement, trade libel.
  3. We can help you assess if this coverage is important for your operations.

3) Legal Assist Coverage:
Access to a lawyer for legal advice at no cost to E&O policy holders:

  • understanding complicated client contracts;
  • dealing with sensitive employee issues;
  • general risk management.

This telephone service covers labour law, tax law, administrative law, succession planning, commercial law, real estate law, estate planning, employment law, consumer law and bankruptcy (creditors law) for the province or territory of your choice.

4) U.S. Activities:

  • E&O policy covers services provided to U.S. clients.
  • Traditional E&O policies may exclude claims brought within the U.S.
  • MRIA offers a simple application process. Many traditional insurers will either decline to provide E&O coverage or ask extensive questions on your U.S. activities.
  • Members deriving revenue from U.S. clients should enjoy even greater premium savings because traditional insurers heavily surcharge firms with U.S.-derived revenues.
  • Under the MRIA E&O policy, coverage for services delivered to U.S. clients is typically priced 15% lower than general marketplace rates.

To obtain a non-binding quote for the MRIA Member Insurance Programs:

Click here to download, complete and print the Professional & Commercial General Liability Insurance Application Form.


 

Commercial General Liability ("CGL") Insurance

Protects your business from third party claims for bodily injury, property damage or personal injury (i.e., libel & slander) caused by a representative of your company.

  • Many traditional CGL policies will not cover libel & slander claims.
  • Many government & private sector clients are demanding that their suppliers maintain CGL coverage.
  • MRIA’s standard policy starts with $1,000,000 in coverage. $5,000,000 is easily available.
  • Small firms can obtain $1,000,000 in coverage for only $370 in annual premium.
Under the MRIA Member Insurance Programs, Corporate Research Agency members can purchase E&O insurance on its own; however, CGL can only be purchased in combination with E&O.
  • Under the MRIA Program, combined E&O and CGL coverage provides a total liability package and a very cost-effective risk management solution.
  • Having the same insurer cover both forms of liability insurance means you will only have to worry about one policy renewal date and will only need to contact one broker with certificate requests or updates on changes to your business.
Do I need BOTH E&O and CGL Insurance Coverage?
  • E&O & CGL insurance policies are designed to complement one another
  • CGL protects against bodily injury, personal injury (libel & slander) and property damage to third parties
  • CGL coverage is triggered by a lawsuit resulting from the negligent actions of an owner, director, or employee. However, CGL coverage does not respond to lawsuits related to professional services or pure financial losses
  • E&O insurance protects against claims not covered by CGL, including lawsuits related to professional services or pure financial losses
  • The MRIA E&O policy covers errors, omissions, or negligent acts which may arise from the professional services and advice offered by insured Corporate Research Agency members
  • Both CGL and E&O cover allegations, whether or not factual, the legal costs to defend a civil law suit, and any compensatory damages awarded
  • Purchasing BOTH CGL & E&O Insurance will ensure your business is fully protected against liability claims, and not left exposed through gaps in coverage
To obtain a non-binding quote for the MRIA Member Insurance Programs:
  • Click here to download, complete and print the Professional & Commercial General Liability Insurance Application Form.

Property, Business Interruption
and Crime Insurance

Every business needs to protect its property and ensure its sustainability in the event of a loss such as fire or theft. Very comprehensive packages addressing these exposures start at $380 in annual premium.

Office Property and Business Interruption:
  • Every business needs to protect its property - from buildings and furniture to computer equipment, phone systems and money/securities.
  • Business interruption covers the replacement of lost income and extra expenses incurred as a result of your operations being impaired (damage to your office).
Crime Insurance:
  • Employee dishonesty coverage, stolen money/securities, cheque forgery and computer fraud committed against your firm are all covered and automatically included in the package.
  • Many government and corporate clients are requiring their suppliers to maintain crime insurance which extends to cover clients (often referred to as Fidelity Bonds). We can obtain crime coverage / bonds ranging from $10,000 to $5,000,000 in coverage.

Corporate Research Agency members can protect their assets for as little as $380 per year. Similar property insurance outside of the MRIA program will typically start at $700 per year.

To obtain a non-binding quote for the MRIA Member Insurance Programs:

Click here to download, complete and print the Professional & Commercial General Liability Insurance Application Form.

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