At times it may seem as if there is a board for everything. Whether it’s your school board, board of directors for a corporation, or a community board in High Prairie, it’s important to know the risks and rewards for sharing your expertise and advice. More and more, we’re seeing people who serve on boards being held accountable for the direction and actions they take. Protect yourself in the event you’re accused of wrongful doing with a Directors and Officers liability policy.
When you’re part of a board, you’re a crucial member of the decision making and overall direction of the organization you represent. It is your job to represent the best interests of the organization you oversee, but even the best intentions can sometimes be questioned by others. When that happens, you could be held liable and your personal assets could be at risk. That’s precisely why we offer D&O insurance, so you can work with confidence knowing we’ve got you covered.
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)
What is not covered?
Criminal, fraudulent, or intentional non-compliant acts.
Our team of knowledgeable brokers will work on your behalf to find you the right directors and officers liability insurance for you. Get a quote or talk to one of our brokers for more information.