Directors & Officers Liability Insurance

Protect Your Board Members with Directors and Officers Insurance

Directors and Officers Liability Insurance

Western Financial Group is an award-winning brokerage. Our business insurance experts understand that the board of directors of for-profit or non-profit businesses need protection from claims of negligence in their duties.

Our insurance expertise will benefit your business

We are skilled insurance shoppers. We work with Canada’s leading insurance partners to get you directors and officers insurance at the right value to protect your business.

Why you need directors and officers insurance

You need directors and officers liability insurance to protect your business’s board of directors from claims of negligence. Individuals serving on your board of directors, whether your business is a not-for profit, for profit, public, or private entity can be sued for the actions of the companies they serve.

What directors and officers insurance typically covers

Misleading statements, reporting issues, inaccurate disclosure
Negligent acts and allegations of misrepresentation
Breach of legal or fiduciary duties
Decisions that result in adverse financial consequences for shareholders
Wrongful dismissal and employee discrimination claims
Failure to adhere to federal and provincial laws and regulations

What directors and officers insurance does not cover

Criminal or fraudulent acts
Intentional non-compliance
Fines and penalties
Property damage
Bodily injury

Directors and officers insurance also helps provides financial coverage for legal expenses to help defend a board member against claims.

Here’s how directors and officers insurance can help you:

A member of your board of directors has mismanaged your company’s charitable fund. That person is named in a lawsuit for breach of fiduciary duties. Your directors and officers liability insurance will help cover the legal expenses.

How much does directors and officers insurance cost?

The following are typically considering when determining the cost:

Your organization type and size
Number of employees
Any past claims
Annual and projected revenue

Why choose Western?

We’ll get you directors and officers liability insurance that’s right for your business. It’s easy, fast, and customized. Get an online quote, text, email, or phone call. Choose what works for you.

Get a Quote TODAY!