Directors and Officers Insurance (D&O) Liability Edmonton
Protect your company should its directors and officers be named in a claim or lawsuit.
Directors and Officers insurance or (D&O) Liability Insurance is an insurance coverage sought by public, private and non-profit organizations to help protect their executives from costly legal actions.
Every decision a company’s directors and officers make has the potential to be scrutinized by clients, employees, shareholders, and other directors and officers. These stakeholders may file a lawsuit if they believe a decision adversely affects their best interests. And the stakes are high—directors and officers risk losing their personal assets if they’re ever involved in a lawsuit for a decision made in the course of performing their regular duties.
Regardless of your company’s size, the legal costs associated with a lawsuit can be crippling. If your company does not insure this risk, qualified directors and officers may be hesitant to join your team for fear of personal liability in the event of wrongful acts or an error. To help recruit strong leaders as well as ensure the well-being of existing leaders and your company, a Directors and Officers Liability Insurance (D&O) policy should be part of your comprehensive risk financing strategy.
Do I need D&O Liability Insurance?
Any company with a Board of Directors should consider D&O coverage. This applies equally to public, private and non-profit organizations. D&O coverage will not only help you attract the best leaders but also allows them to operate without fear.
No matter the size of your company, costly mistakes made by directors and officers can happen, which is why it’s important to take steps to insure your executives against losses stemming from an incident.
Contact CMB Insurance Brokers today to learn about the D&O coverage solution that’s right for you.
What types of Business Insurance do I need?
There are many types of insurance policies that our experts can advise you on and package to meet your specific needs, such as: