All typical coverages are available as in the U.S. market. Ocean marine coverages are also seen on large international programs as part of the property wording. With the smaller mid-market accounts, separate ocean marine policies are usually written by specialized writers. Major international reinsurance companies dominate the market for the very large risk management projects. The policy wordings follow the European coverage models.
Many companies have the ability to cover small projects, and rates are very competitive.
Automobile liability insurance for private and commercial vehicles is mandatory throughout Canada and is regulated by each individual province. Depending on the province, auto insurance may be purchased through the government or through private insurers. In those provinces where government insurance is in effect, private insurers may still provide excess liability, physical damage, or other miscellaneous coverages not provided by the government plan. Insurance against damage to a vehicle is available on a voluntary basis from both government and private sector insurers. All forms and coverages are statutory throughout Canada.