Directors & Officers Liability

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