b'Insurance Notes Manyroofingcontractorscarrying how the system is applied,variety of expenses associated with limited pollution liability insurancewithouttheconsentofthedatabreaches,includingnotifica-asanextensionoftheirgeneralli- designprofessionalorroof- tion costs, credit monitoring, costs ability insurance policies. Today, theingconsultant.todefendclaimsbyregulators, Today, constant attentionnew CCDC 2020 contracts requireTherearelikelymanyothersometimes fines and penalties, and thatyoupurchasenolessthanways by which you could be heldlossresultingfromidentitytheft. $5,000,000 CPL coverage. ICI roof- professionallyaccountable;theseToday, at the very least, two-factor ing contractors should by now haveare just a few. Purchasing contrac- authentication (2FA) is a pre-requi-purchased CPL as a standard com- torsProfessionalLiabilityInsur- site to obtaining coverage.to risk managementponent of their insurance portfolios. anceisthesafestwaytoprotectInaddition,thepoliciescover To be clear, the limited pollutionyour company against actions aris- liability arising from website media liability form can no longer be useding from the foregoing, if you fulfillcontent, as well as property expo-in bidding and tendering as it is notany of the above functions. suresfrombusinessinterruption, combined with a robustCCDCcompliant;theICIrooferThere is a widely misunderstooddataloss/destruction,computer that tries could be disqualified. belief that if you hire a sub-consul- fraud, funds transfer loss and cy-tanttoprovideanyprofessionalberextortion.Contractors Professionalservices on your behalf, you haveIt is also now mandatory to re-Liability Insurance removed yourself from the profes- port privacy and cyber breaches to portfolio of insuranceGeneralliabilityinsuranceusu- sional liability risk. If you assumethe authorities. will likely be-ally excludes professional liability; itthecontractualresponsibilityforCyber insurance may sometimes contain a small limitdesign, engineering and/or roofingcome a standard contract insurance of errors and omissions insurance li- system selection, you are the solerequirement in the future if it re-protection will help keepability protection. Here are examplessourceofresponsibilitytoyourmains a viable product, but the ICI of how you could be held profession- client; your sub-consultant has noroofing contractor should seriously allyliableshouldsomethingariserelationship whatsoever with yourconsideraddingthistoitsinsur-from an act, error or omission com- client,anditserrorsandomis- ance portfolio now.sions insurance will not extend a the ICI roofing contractormitted by you: adesign-buildcon- defence to you. Being without thisDirectors & OfficersExecuting coverage may leave you facing sig-tract such as CCDC 14; (D&O) Liability InsuranceAgreeing to sign a statement asnificant out-of-pocket expenses. IRMI.com defines D&O liabil- the roofing expert to the effectity insurance as: A type of liability Privacy and Cyber Risk in business for a verythattheroofingsystempro- Insurance insurancecoveringdirectorsand posed is suitable to its purposeofficersforclaimsmadeagainst for the occupancy of the build- Cyberandprivacypoliciesthemwhileservingonaboard ing (whether you recommendedcoverabusinesssliabilityforaofdirectorsand/orasanofficer. it or not); databreachinwhichthefirmsD&Oliabilityinsurancecanbe long time.Enteringaroofingcontractcustomerspersonalinformation,written to cover the directors andwith a customer where there issuch as social security or credit cardofficersoffor-profitbusinesses, no consultant and you recom- numbers, is exposed or stolen by aprivately held firms, not-for-profit mend the roofing system; or hacker or other criminal who hasorganizations and educational in-Changingtheroofingsystemgained access to the firms electron- stitutions.Ineffect,thepolicies design specifications and alter- icnetwork.Thepoliciescoverafunctionasmanagementerrors Simple to install Since 1935pre-grown modularRoofing & Sheet vegetated roof systems Metal Contractors Re-Roofing SpecialistsMaintenance & RepairsIndustrial & Commercial ITS THE WORKMANSHIP THAT COUNTS220 Norseman St.,Toronto, ONM8Z 2R4Tel: 416-239-3594Fax: 416-239-9891liveroof.ca jseeback@seeback.comwww.seeback.com22ONTARIO ROOFING NEWSISSUE 3 2023 THE ONLY SOURCE FOR PROFESSIONAL ICI ROOFING CONTRACTORS IN ONTARIO ORN'