Where we do provide assistance or indemnity there will be a financial limit for each membership year. When we take on a member’s case we can take care of the legal costs and compensation payments up to a discretionary indemnity limit.
The limit is set in advance for each membership year and applies to all adverse incidents that are reported in that year. The current limit for each country is:
Bahamas - US$10 million
Barbados - B$12 million
Bermuda, British Virgin Islands - B$10 million
Cayman Islands - CI$10 million
Grenada, St Lucia - EC$3 million
Jamaica - J$270 million
Turks and Caicos - US$6 million
Trinidad and Tobago - TT$6 million
Antigua, Anguilla, Belize, Dominica, Guyana,
Montserrat, St Kitts and Nevis, St Vincent and the Grenadines - US$3 million
The limit applies whether this is for one individual adverse incident, or for the total of all adverse incidents reported in a single membership year. These limits have been set with a view to offering fair and affordable subscriptions, and protecting the interests of the membership as a whole.