These days, it seems like more people than ever are serving on boards for either non-profits, businesses or
other societies. What a lot of people don’t know is that as a board member, you could be held liable for
actions and inactions of the businesses you oversee! Are you currently serving on a board of directors in
Calgary? You should speak to one of our brokers to see if Directors and Officers liability insurance is
right for you.
Why do you need Directors and Officers Insurance?
When you’re elected on a board, you are responsible for representing the best interests of the
organization’s members, partners and mission. Unfortunately, there are times when your actions may be
questioned or you may be accused of wrongdoing. This could cost you thousands of dollars in legal fees and
damages, and could even put your personal assets (such as your house and car) at risk. To ensure you’re
covered for court costs and as well as losses in the event you are legally found liable, there’s D&O
GET A QUOTE
Get a quote and a peace of mind
Our team of knowledgeable brokers will work on your behalf to find you the right directors and officers
liability insurance for you. Start filling out the quote request form below and one of our experienced
brokers will work on your behalf to find you great coverage at an ever better price!
Anyone who is making decisions for an organization is eligible for Directors and Officers Insurance. As a decision maker, you’re exposed to risks from not only other shareholders, but your customers, vendors, partners, employees and your creditors. Directors and officers liability insurance will cover the following:
Various shareholder actions
Decisions exceeding the authority granted to the board member
Reporting erroneous material
Employment practices & HR issues
Failure to comply with regulations or laws
Inaccurate disclosure (such as profitability, for instance)
We DO NOT COVER criminal, fraudulent, or intentional non-compliant acts.