There is a misconception that D&O claims only impact public companies. However, all organizations whether public, private, or non-profit are at risk for D&O claims.
What is covered under a Directors & Officers policy?
The insurance provides coverage for damages (awards and settlements) and legal defence costs and damages (awards and settlements) that may result from allegations of wrongful accounts and lawsuits brought against the board of directors.
Directors & Officers Liability Insurance Claims Examples
- accusations of mismanagement
- breach of fiduciary duties
- misrepresentation to shareholders, creditors, and others
- failure to comply with federal or provincial laws regarding workplace safety, employment practices, and environmental practices
- company or stock underperformance
- making decisions without proper authority or authorization
Get Your Directors & Officers Liability Insurance Quote
Don’t leave your business exposed. Get a customized directors & officers insurance quote for your for-profit or non-profit business.
- Access to Canada’s leading insurers to get you the best combination of price and coverage for your business.
- Work with experienced brokers who understand the challenges of the protecting your directors & officers.
- Flexible payment plans from multi-pay to monthly designed to fit your budget.