Directors and Officers Liability Insurance is a type of business insurance that covers costs that has to do with indemnification and losses for a director in a business
lt is the insurance that covers legal defence against an insured that serves as a director or officer for the board of a corporation. This board of corporation can be for both profit or non-profit, public or private. establishments.
In Canada any Director can be liable for any alleged actions which could range from negligence in their duties, breach of common law duties, breach of their fiduciary responsibility to shareholders, maybe the violation of provincial or federal laws. When this happens it comes at a cost which the Directors and Officers Liability Insurance can help resolved.
The Directors & Officers Insurance, also can also be called Management Liability Insurance. it also offers financial protection to the directors and officers of a company. This is mostly for those that have been personally Involved in a claim.
In Canada this coverage is for::
Any claims of misrepresentation and negligent act by the insured
When the insured goes through any Breach of legal or fiduciary duties;
it also covers for insured decisions that result in bad financial consequences for shareholders;
it covers for dismissals and employee discrimination claims on the insured.
lt is the insurance that covers legal defence against an insured that serves as a director or officer for the board of a corporation. This board of corporation can be for both profit or non-profit, public or private. establishments.
In Canada any Director can be liable for any alleged actions which could range from negligence in their duties, breach of common law duties, breach of their fiduciary responsibility to shareholders, maybe the violation of provincial or federal laws. When this happens it comes at a cost which the Directors and Officers Liability Insurance can help resolved.
The Directors & Officers Insurance, also can also be called Management Liability Insurance. it also offers financial protection to the directors and officers of a company. This is mostly for those that have been personally Involved in a claim.
In Canada this coverage is for::
Any claims of misrepresentation and negligent act by the insured
When the insured goes through any Breach of legal or fiduciary duties;
it also covers for insured decisions that result in bad financial consequences for shareholders;
it covers for dismissals and employee discrimination claims on the insured.
