the risk

Recruiting and retaining talented corporate directors, officers and trustees has become not only difficult but also time consuming.  Directors, officers and trustees are increasingly concerned about their personal liabilities associated with a board's actions or inactions. 

The growth in public bankruptcies, corporate scandals, new legislation and regulation in Canada and the U.S. has spurred litigation, making potential directors, officers and trustees even more hesitant to take on or continue with boardroom responsibilities. 

Comprehensive directors, officers and trustees insurance coverage is necessary to attract quality board members, trustees and senior officers.

the Executive Risk Insurance Services solution

In 2009, for the fourth time in five years, Executive Risk raised the bar in the domestic insurance marketplace by providing an updated primary D&O policy wording. Brokers and clients have been demanding an easier to read policy with limited endorsements and Executive Risk has listened and met that challenge.

Executive Risk’s new Directors and Officers Liability Insurance Policy provides multiple enhancements that have been historically negotiated on a risk-by-risk basis by brokers and insureds. No longer will brokers and internal/external legal counsel need to review up to twenty or more endorsements on base D&O Policies, some of which were first drafted and launched in the early 1990’s. Our new policy provides clear succinct language, a cornerstone of good insurance coverage.

Policy Highlights Include:

Broadened definition of Subsidiary

Severability of exclusions and application

No formal requirement of civil, criminal, judicial, administrative or regulatory proceeding

Derivative demand coverage not just limited to shareholder actions against Insured Persons

New ‘notice of potential claim’ trigger for regulatory investigation of Insured Persons

Past subsidiaries coverage for prior acts (does not terminate on policy renewal like some carriers)

Broad Insured vs. Insured exclusions carvebacks.

Primary Directors and Officers Liability Insurance Policy
Highlights & Overview (68k PDF)

Program Design Discussion (112k PDF)

Excess D&O Policy Brochure (112k PDF)

Side A DIC Policy Brochure (64k PDF)

Underwriting Philosophy (72k PDF)

We target clients of all sizes of public and private corporations, income trusts, governments and not-for-profit organisations (excluding tobacco or industrial waste exposures).

We have a $30 million policy limit of liability (on a primary or excess basis). Limits may be provided in either Canadian or U.S. dollars.

our payment terms

Premiums are to be paid within 30 days of the inception date of the policy term.

Installment payments are not accepted.

back to top

contacts