Directors & Officers Liability Insurance

Directors & Officers liability insurance provides financial protection for the directors and officers of your organization in the event they are sued. In the performance of their ongoing organizational duties, directors and officers can be held personally liable for both damages and defense costs.

Claims can arise from a variety of sources – government, competitors, creditors, employees, other board members, as well as other stakeholders. Directors and officers of a corporation can be liable if they damage the corporation by breaching their duties and contracts to the corporation, mix personal and business assets, or fail to disclose conflicts of interest.

Here are a few examples of situations where Directors and Officers liability insurance is needed:

  • Failure to do something that negatively impacts a third-party
  • Mismanagement
  • Wrongful dismissal

Discover more about our small business insurance policies

For more information about our small business insurance offerings and to determine what coverage is best for your business in Greater Vancouver and the Fraser Valley BC, contact us. You may also request a Small Business Insurance quote online.