Directors & Officers Liability

Private Companies

Victor’s PrivatePlus Directors and Officers (D&O) management liability insurance provides traditional D&O liability insurance with added coverages for employment practices, fiduciary, non-profit outside directorship and other benefits.

Eligibility

The following list provides a sample of the classes of privately owned businesses that Victor insures. Privately owned businesses are typically structured as a family-, employee- or management (group)-owned company.

• Manufacturing
• Energy
• Mining
• Transportation
• Technology
• Retail
• Professional services
• Real estate
• Crown corporations
• Utilities

Coverage Details

• Policy Form – Claims-made and reported 
• Policy Period – Annual and two-year policies, multi-year run-off policies
• Capacity – Limits up to $15,000,000
• Territory – Claims made anywhere in the world

Policy Features

• Multiple insuring agreements: D&O, Non-profit Outside Directorship, Employment Practices and Fiduciary
• Entity coverage
• Non-rescindable policy
• Affirmative language in the definition of damages for bankruptcy-related statutory obligations
• Broad pollution coverage
• First dollar defence (zero deductibles available for smaller risks)
• Guaranteed pricing for six-year run-off
• Affirmative coverage for Initial Public Offering road show
• No Insured Person versus Insured Person exclusion

Additional Program Structures

• Affinity group programs

Submission Requirements

• A completed Victor PrivatePlus – Private Company Management Liability Insurance application form
• For renewals: PrivatePlus – Private Company Management Liability Insurance renewal application form
  
• Attachments as indicated on the application form