IMPORTANT NOTICE: Insurance Provisions
In response to economic conditions within the Insurance Industry, the Corporation of the City of Brampton developed an Insurance Policy, approved by City Council on March 24, 2003.
The policy makes sure that insurance providers meet a minimum standard of 'B+' as rated by A.M. Best, 'baa' as rated by Moody's or 'BBB' as rated by Standard Poor's.
All insurance certificates that the City holds will be honoured until they expire, when the City requires insurance providers to renew policies and meet the insurance policy standards.
The City also requires developers to have pollution/environmental liability coverage as part of each subdivision agreement.
A summary of the requirements that insurance providers must meet before the City accepts insurance policies is included in our Insurance Policy.