Directors and Officers Liability Insurance2018-11-29T22:32:30+00:00

Directors & Officers Liability Insurance

Individuals serving on boards of public, private or non-profit organizations
can be personally pursued for actions of the companies they serve.

Directors & Officers Liability Insurance can protect them against that risk.

Join thousands of Canadian businesses that are already protected!

Directors & Officers Insurance

What is Directors & Officers Liability Insurance?

Directors and Officers Liability Insurance (D&O), covers costs associated with indemnification, losses or legal defence against an individual who serves as a director or officer for the board of a corporation, whether it’s for-profit or non-profit, public or private.

Directors and officers can be liable for alleged actions such as: breach of common law duties, negligence in their duties, breach of their fiduciary responsibility to shareholders or violation of provincial or federal laws.

What Does Directors & Officers Insurance Cover?

D&O Insurance can cover the individuals serving as D&O or the company itself as a result of the individual’s actions.

Typical coverage includes:

  • Breach of legal or fiduciary duties
  • Failure to disclose conflicts of interest
  • Decisions that bring adverse financial consequences for shareholders
  • Allegations of misrepresentation
  • Neglectful Acts
  • Wrongful dismissals and employee discrimination claims
  • Misleading statements, reporting issues, or inaccurate disclosure
  • Failure to adhere to provincial or federal laws and/or regulations

Coverage generally extends to past, present and future directors and officers of the company.

What is Not Covered?

Other policies may be required in addition to a Directors & Officers insurance and circumstances may call for specific extra coverage.

When purchasing a D&O insurance policy, make sure to learn about the following extra coverage as they are typically not included by default:

In almost all circumstances, D&O does NOT cover the following:

  • Fraud or intentional acts
  • Property damage or bodily harm
  • Illegal or personal profit

Who needs D&O Insurance?

Any company with a Board of Directors should consider D&O coverage. This applies equally to public, private and non-profit organizations. D&O coverage will not only help you attract the best leaders but also allow them to operate without fear.

Quite often, new directors or officers will demand D&O coverage as a condition of employment, as a way to protect their personal assets. Sometimes investors will require D&O policies before injecting capital to ensure they protect their investments.

What is the Cost of Directors and Officers Insurance?

The cost of an D&O policy varies according to risk factors such as:

  • Company size
  • Industry
  • Location
  • Depth of employee training
  • Past lawsuits
  • Quality control procedures

Get a free D&O quote right here.

Getting insured is quick and easy!

If D&O insurance is what you need,
request a free quote now >

What our customers say about us

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Learn why thousands of Canadian small businesses trust their insurance to us.

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Zensurance has been the easiest company I’ve ever received insurance from. Simple, painless and responsive, look no further than Zensurance for your company’s insurance needs.

★★★★★

Chris Chan, Dwello
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The Zensurance team was responsive, professional, and knowledgeable. Zensurance knew exactly what we were asking for after a few minutes on the phone. I would highly recommend them for liability insurance especially if you’re not sure what you need to protect your business.

★★★★★

Melissa Kwan, Spacio
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The Zensurance transparent customer experience helped me identify and hedge dynamic operating risks.

★★★★★

Reid Horkins, Evree

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