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Public Companies
Victor’s Directors and Officers (D&O) management liability insurance is designed to safeguard Canadian publicly traded companies and their directors and officers against allegations of negligent acts.
Eligibility
The following list provides a sample of the classes of publicly traded businesses insured by Victor:
- Canadian listed
- Small micro cap to multinational
- Energy/Mining
- Manufacturing
- Retail
- Transportation
- Real estate/REITS
- Technology
- Start-up companies
- IPO’s/RTO’s
Coverage Details
- Policy Form – Claims-made and reported
- Policy Period – Annual terms, with the availability of run-off coverage
- Capacity – Limits up to $15,000,000
- Territory – Claims made anywhere in the world
Policy Features
- Entity Securities coverage
- Non Rescindable policy
- Affirmative language in the definition of damages for statutory obligations
- Blanket outside directorship coverage (ODL) for non-profit and "private" companies
- Non entity Employment Practices Liability (EPL) (or entity EPL available by extension)
- Broad pollution coverage
- First dollar defence coverage (deductible does not apply to defence costs)
- Hostile takeover defence fund
Submission Requirements
- A completed Victor Directors and Officers Liability Insurance (Public Companies) application form
- For renewals: Directors and Officers Liability Insurance (Public Companies) renewal application form
- Attachments as indicated on the application form