Directors and Officers (D&O) Liability Insurance Edmonton
Protect your company should its directors and officers be named in a claim or lawsuit.
Directors and Officers (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 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.