Group Insurance Program

Group Insurance Forms and Policies

View/Submit Claims (username and password required)

Coverages

Risk Management Training and Tools

We manage one of the largest group insurance programs in North America, delivering competitive premiums and guaranteed coverage that is tailored specifically to the needs of the housing sector.

HSC is legislated by the Province of Ontario to design and manage a group program for social housing landlords.  These landlords need insurance to keep or obtain their mortgages. Some, due to poor or large claims histories, cannot obtain insurance on their own.  The HSC group program guarantees coverage to all housing providers.

Key principles of the HSC Group Insurance program:

To meet overall provider coverage needs:

Core coverages specifically designed for social housing provider needs, including mould

To address the gap left by private insurance providers:

Guaranteed coverage for all participants, regardless of their claims history

To deliver best overall value for money and ensure accountability:

Stringent procurement processes to obtain the optimum combination of coverage, flexibility and premium pricing

To balance fairness with affordability:

Premium allocations that account for individual claims histories but remain as affordable as possible

Benefits of HSC Group Insurance

As a non-profit organization whose board is comprised of Service Manager and provider representatives from across Ontario, HSC’s primary objective is to protect the interests of the housing sector. As such, unlike private insurance brokers, HSC is focused on the broader picture.

You Don’t Pay for Claims Investigation and Defence Costs

Since 2003 we have saved housing providers more than $4.5 million in investigation and legal defense costs.

Competitive Rates

Thanks to a combination of low claims and HSC negotiations, basic property premium rates reduced overall by nearly 30% from 2003 to 2008.

Commission Caps

HSC has negotiated commissions that are approximately 50% lower than those available to individual clients.

Procurement Best Practices, Without the Costs

The HSC Group Insurance Program guarantees housing providers that their insurance intermediaries, insurers and supporting service providers were selected using stringent public procurement processes with no direct administrative costs to them.

Providing direction to the Province

The size and scale of HSC’s group insurance program enables us identify and bring to the Province’s attention broad risk management issues and trends and to offer recommendations on behalf of the group.