Directors & Officers Liability

Non-Profit Organizations | Combined D&O and E&O

The Professional Indemnity Complete (PIC) was designed by Victor to protect non-profit organizations, their directors and officers, and employees from allegations of errors, omissions or negligent acts. This unique product combines Non-Profit Directors and Officers (D&O) liability and Errors and Omissions (E&O) insurance into one comprehensive policy.

Eligibility

The following list is a sample of the types of risks Victor insures on the combined PIC policy:

• Professional associations
• Homes for the disabled
• Mental and physical rehab centres
• Shelters
• Community organizations
• Employment agencies
• Clinics
• Business development centres

Coverage Details

• Policy Form – Claims-made and reported
• Policy Period – Annual and three-year policies
• Capacity – Limits up to $10,000,000
• Territory – Claims made in Canada (worldwide coverage available on request)

Policy Features

• Multiple insuring agreements: D&O, Non-Profit Outside Directorship, Employment Practices and Fiduciary
• First dollar defence coverage (deductible does not apply to defence costs)
• Bi-lateral discovery period
• Zero deductibles on most risks

Additional Program Structures

• Affinity groups

Submission Requirements

• A completed Victor Non-Profit Entity Directors and Officers Liability and Errors and Omissions Insurance application form
• For renewals: Non-Profit Entity Directors and Officers Liability and Errors and Omissions Insurance renewal application form
  
• Attachments as indicated on the application form