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Recovery Canada®
is fully insured to afford its clients complete protection for moveable
asset recovery, business interruption, property damage and personal injury.
Note: Canadian provincial or territorial law requires that a bailiff (recovery
agents) maintain requisite bond coverage to maintain their appointment
under law.
Set out below are
the insurance policies and bonds currently in place:
Garage Auto
Policy: insurance, which offers broad protection to client/customer
automobiles while in the care or custody of Asset.
Warehousemans
Legal Liability Policy: insurance, which offers protection to our
clients/customers for boats personal watercraft and snow machines.
Commercial General
Liability Policy: insurance, which offers protection in the event
of property damage including; bodily injury and personal injury.
Umbrella Liability
Policy: Insurance to provide additional coverage with respect to
our Garage Auto Policy and our Commercial General Liability policy.
Bond: Recovery Agents in Canada are appointed by the provincial or
territorial governing bodies, based on regional requirements. They are
often referred to as bailiffs, depending on the region. Each individual
recovery agent may be required to maintain a bond in place at all times
based on regional requirements. Recovery Canada ensures that these bonds
are kept current.
Should you require
additional information regarding our Insurance Policies or the bailffs
bond, please contact our Legal Department at marc.noreau@asset.net
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