KITCHENER, ON and VANCOUVER, Sept. 21, 2015 /CNW/ - ERAssure®, the leading provider of estate insurance protection in Canada, and BC Notaries announce that ERAssure® is now the preferred supplier of estate administration liability insurance to BC Notaries and their clients in British Columbia.
"Our members will be implementing ERAssure® protection for estates that they administer personally", said Wayne Braid, CEO of the Society of Notaries Public of BC, "and we recommend this protection for all executors named in wills prepared by BC Notaries." Braid continued, "The environment in which estates are administered today has changed dramatically, and our relationship with ERAssure® is a significant response to this. ERAssure® is essential consumer protection for executors who are often unknowingly pledging their personal assets for mistakes they may be responsible for while settling an estate for a friend or family member."
"We are pleased to have been selected by BC Notaries to provide this important financial protection," said Scot Dalton, CEO of ERAssure®. "BC Notaries occupy a unique position in the legal profession in North America." He continued, "They understand estate administration risk and the potential impact even a small error can have on estate values and family relationships, and introducing ERAssure® is just another example of the pro-active approach the Notaries take in addressing consumer needs."
ERAssure® estate administration insurance is an inexpensive and effective protection for people managing estates, ultimately protecting estate assets while providing peace of mind to beneficiaries exposed during the greatest transfer of intergenerational wealth in history.
About BC Notaries
BC Notaries are governed by the Notaries Act of BC and the discipline of their professional society. Notaries observe high levels of professional and ethical conduct in the delivery of services to the public. Notaries are an essential part of the delivery of non-contentious legal services in BC.
ERAssure is a registered operating name of Estate Risk Protection Plan Inc., a property casualty insurance brokerage licensed in each province and territory of Canada (excluding Quebec). It is the exclusive manager of the ERAssure® line of executor and estate liability insurance products. ERAssure® executor liability insurance is underwritten by Economical Insurance®.
About Economical Insurance®
Founded in 1871, Economical Insurance is one of Canada's leading property and casualty insurers, with $2.0 billion in annual premium volume and $5.3 billion in assets as at June 30, 2015. Based in Waterloo, this Canadian-owned and operated group services the insurance needs of more than one million customers across the country. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Family Insurance Solutions, Federation Insurance and Economical Financial.
For further information: Media Contact: Estate Risk Protection Plan Inc., Scot Dalton, CEO, 1-855-636-3777 Ext. 5268