Directors and 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!
Partnership with over 50 leading Canadian insurance companies
What is Directors and 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.
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 & Officers Insurance?
The cost of an D&O policy varies according to risk factors such as:
- Company size
- Depth of employee training
- Past lawsuits
- Quality control procedures
Getting insured is quick and easy!
If D&O insurance is what you need, request a free quote now
Common scenarios where Directors and Officers Insurance is useful
A board of directors appoints a President who leads the company to huge losses – shareholders decide to sue the board for poor judgment in hiring.
A Board Director fails to keep his personal assets separate from his business assets due to miscommunications with his lawyer and accountant, and shareholders sue for misuse of funds.
A board of directors fires two employees for poor performance, but they decide to sue, claiming they were wrongfully dismissed due to their race.
Frequently Asked Questions about Directors & Officers Insurance
What our customers friends say about us
Our customers ❤ us, and so will you!
Learn why thousands of Canadian small businesses trust us with their insurance needs.
Ready To Start? Let’s Get a Quote!
Getting business insurance shouldn’t be complicated!
At Zensurance, we simplify the process of getting insurance so that you get the coverage you need, quick and easy!
Our friendly support team is always ready to answer questions, we’re just a click or a phone call away.