It is essential that your clients' company assets and the personal assets of their directors and officers are protected to ensure the long-term success of their company. In order to provide the most comprehensive coverage to your clients, our Directors & Officers facility is divided into two categories: Emerging Technology D&O, and General Commercial D&O.
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While the performance of the stock market varies with the economic cycle, Canadian private venture financing usually remains strong. Given this fact, this sector offers excellent opportunities for new business.
Start-up companies find it difficult to obtain coverage, as traditional insurers are reluctant to insure risks without a long operating and profitability history. We understand the unique and evolving needs of these knowledge-based companies and recognize that current profitability is not the only measure of a company's potential success.
Our Emerging Technology D&O facility is ideal for Canadian high-tech and biotech companies, public or private companies, IPOs, start-up companies, multinational corporations and companies with U.S. exposure.
- Coverage for Derivative Shareholder Action suits
- Full worldwide coverage
- Severability for Directors & Officers
- Alternative Dispute Resolution Clause for coverage disputes
- Coverage for Controlled Subsidiaries
- Coverage for Advisory Board Members and Spouses of Directors & Officers
- 80-20 Allocation of Defense Costs
- Definition of "Loss" does not exclude taxes
- Wrongful Employment Practices coverage available
- Securities Claim Entity Coverage available
- Fiduciary Liability extension available
- Extended Reporting Period available
Our Platinum Policy includes added features, such as:
- Entity coverage for Wrongful Employment Practices, Securities Claims and Fiduciary Liability
- Punitive Damages Coverage for Securities Claims
- Defense Costs for Pollution Claims
Click here to complete or download an Application now.
Please call or email for a copy of the policy wordings for exact terms and conditions.
Download Brochure PDF
The liability risk for directors and officers continue to rise with the increase of public awareness and expectations and the more litigious nature of society. Directors and officers face increasing responsibility and scrutiny in the performance of their duties and quality of corporate governance by shareholders, employees, customers, competitors and the government, to name a few.
Our General Commercial D&O policy is ideal for small to mid-size private manufacturing or service-related companies and non-profit organizations, including those with U.S. exposures.
- Coverage for Derivative Shareholder Action suits
- Full worldwide coverage
- Severability for Directors & Officers
- Alternative Dispute Resolution Clause for coverage disputes
- Coverage for Controlled Subsidiaries
- Coverage for Advisory Board Members and Spouses of Directors & Officers
- 80-20 Allocation of Defense Costs
- Definition of "Loss" does not exclude taxes
- Wrongful Employment Practices coverage available
- Fiduciary Liability extension available
- Extended Reporting Period available
- Defense Costs for Pollution Claims available
Click here to complete or download an Application now.
Please call or email for a copy of the policy wordings for exact terms and conditions.
Ensure that your clients have complete insurance protection by including these other fine products that have been designed to complement our Directors & Officers policies:
If you have further questions about this facility, please contact our Directors & Officers Underwriting Team, who can provide you with specific details regarding terms, conditions, coverages and exclusions. |
