Are you actively serving on the board of a private company, public corporation or non-profit organization in Edmonton?
Give back to the community while protecting yourself from a potential loss. As a board member, you’re often held accountable for the actions or direction of the businesses you oversee. In the case of a lawsuit, board members’ personal assets may be in jeopardy.
Providing Directors and Officers insurance coverage helps the people who choose to contribute their time to your business while allowing you to continue to attract high-quality contributors.
Scenario 1: Your company acquires talent from another business and starts to promote a similar product. The business sues you for potentially stealing their intellectual property rights.
Scenario 2: You sit on a board of a school and collectively make a decision that a group of parents disagree with. In a legal case, your personal assets could be at risk.
Speak with one of our insurance brokers about how to provide personal coverage for the leaders in your organization.
We ensure you carry out important contributions while maintaining the safety of your personal and professional assets.
Responsibilities of Directors and Officers are many, whether you’re participating with an agency, on a board, a committee or task force. Possible risk scenarios include:
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 (e.g. profitability)
What is Not Covered?
Criminal, fraudulent, or intentional non-compliant acts are not covered under Directors and Officers insurance.
One of our brokers will be happy to discuss your business or volunteer efforts. We’ll provide you with the best coverage at optimal prices, so that you can get back to your day.