Director & Officer Insurance

Protection for Directors and Officers of for Profit and Not for Profit Entities against allegations of failure to perform their duties.

Qualifications
For Non Profit Corporations and Profit Corporations may vary but will include
Audited Financials, Bylaws, List of Directors & Officers (these are reviewed annually looking at financial stability, adherence to Bylaws etc.)

Required by law
Not required by law, but having it in place would help to attract quality directors and officers to your organization

Things that can be covered
Misleading representations, Neglect or Breach of Duty, Breach of Contract or copyright infringement, Unpaid wages, conflict of interest, “oppressed” shareholders creditors or employees, wrongful dismissal

Premiums based on
Varies depending on whether it’s a Public or Private entity, but rating based on limit of coverage requested, operating budget/annual revenues, any US exposure, prior loss history.

GET A QUOTE
If you would prefer to speak with a representative, Josslin would be happy to provide you an estimate on your insurance.  Please contact Todd Aitchison, Derrick MacDonald, Jack Soeder, or Andrew Kirkwood if you have any questions or would like an estimate for your Directors & Officers insurance.

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