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Capri Benefit
Category: Newsletter

New OSSE benefit

New insurance and risk management program and rebate add to the compelling business case for OSSE certification.

A new member-only benefit through a partnership with CapriCMW Insurance Services, provides added financial benefits.

Companies invest substantial time and resources into achieving OSSE certification. This new partnership with CapriCMW helps offset that investment.

In achieving Occupational Safety Standard of Excellence certification, companies substantially reduce risk of injury in their operations. The new program recognizes that important achievement with significant benefits.

Designed by the experienced risk advisors at CapriCMW to address the biggest risks facing manufacturers and food processors today, the  program offers unique benefits, including substantial limits of coverage for:

$500,000 Manufacturers Errors and Omissions Would customers suffer financial losses if one of your products didn’t perform as warranted? If yes, you need Manufacturers Errors and Omissions coverage. Unless bodily injury or property damage has occurred, most Commercial  General Liability policies will not cover losses by third parties.

$250,000 Product Recall Expenses Costs arising from a product recall can be catastrophic. Regardless of fault, if you are forced to recall a  product, CapriCMW Insurance Services will cover expenses such as media announcements, shipping recalled products from customers, overtime payroll and temporary staffing, renting additional storage space and more.

$50,000 Cyber Liability Cyber attacks are more common than ever before. What would happen if someone exploited a vulnerability in your systems and all your data was exposed? Could you withstand the aftermath? The average cost of a data breach in Canada is now $6.11 million. Cyber Liability covers costs for notifying affected individuals, forensic investigation, loss of income, crisis management and more.

$1,000,000 Sudden and Accidental Pollution Storing or handling any potential pollutants on your property comes with some inherent risks. In the event that these materials escape, the aftermath could be devastating to your business. CapriCMW Insurance Services offers $1 million in coverage for bodily injury or property damage caused to third parties stemming from a pollution event that is sudden and accidental.

CapriCMW Insurance Services is one of Western Canada’s leading independent and employee-owned insurance brokerages, with strong roots
in BC. CapriCMW risk advisors bring decades of experience and specialized expertise working with manufacturers and processors, with operations across Canada and worldwide.

OSSE-certified Alliance members who take advantage of this offering may also be eligible for a 15% retroactive rebate on net property insurance premiums.

Key contacts:

Rob Shearar Client Executive, Partner
604.484.0208 | [email protected]

Mark Lee Client Executive, Partner
604.484.4999 | [email protected]

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