Naturist Legacy Inc. and its insuranceNaturist Legacy Inc. purchased its first insurance policies from the AXA Pacific Insurance Company in October of 2010. Our broker was One Insurance in Selkirk West. Intact Insurance acquired AXA Insurance's Canadian operations in 2011. Intact Insurance would insure Naturist Legacy Inc. and Naturist Legacy Park from then until 2019.
One Insurance was our broker during the entire time that I served on the Naturist Legacy Inc. board of directors. We were very pleased with the customer service they provided. We were equally satisfied with Intact Insurance. They provided excellent coverage, low deductibles and affordable premiums.
Naturist Legacy Inc. purchased Directors and Officers insurance (as required in its by-laws) in addition to Commercial insurance.
Directors and officers liability insurance, also known as management liability insurance, covers damages involving wrongful acts committed in the discharge of your duties, including: negligence, misconduct, errors and omissions, breach of duty, misleading statements or any other act that could be held against you in your capacity as a director or officer. In the event of a lawsuit, this protection would cover legal fees to defend yourself.
This protection covers the physical assets of your business inside and out, including: buildings, inventory, electronics and equipment, as well as exterior fixtures (outdoor signs, fencing and landscaping, etc.).
Commercial general liability
Commercial general liability insurance protects you and your business against claims for bodily or personal injuries, advertising liability, as well as property damage to third parties arising from your operations or products or occurring on your business premises. If you were sued for any of those claims, this protection would cover legal costs to defend the claim against your business in court, as well as indemnity costs to cover damages to compensate third parties.
I'm proud of the fact that during my nearly four-year tenure on the Naturist Legacy Inc. board of directors — the time when almost all of the park's major construction and development took place — we operated claims free.
With a nod to their clever advertising slogan, I'm happy to say that Intact Insurance is the insurance I'd dream of... if I dreamed of insurance!