Advisory Board Insurance Discussed

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Advisory Board Insurance

A recent article in the Financial Post entitled “Advisory boards boost Canadian small businesses, but only 6% use one, study says”  highlights the benefits of having an advisory board.  The potential upside does seem clear, but one of the reasons only 6% take advantage of this concept is that it can be difficult to attract, retain and compensate the right mix of people to create a healthy, functioning and productive board.

In addition, experienced board members need to feel comfortable that they aren’t taking on unnecessary personal risk which raises the question “Is there such a thing as advisory board insurance or would an advisory board be covered by a directors and officers (D&O) insurance policy?”

For the answer to this and other directors and officers’ (D&O) insurance-related questions, contact ALIGNED.

An ALIGNED Advocate can provide expert guidance about advisory board insurance as well as risk management best practices for your organization. Talk to one of our advocates today about how we can help you secure the best products, services and insurance solutions for your business.


ALIGNED specializes in delivering insurance and risk management solutions exclusively to Canadian businesses. Through our 18 points of differentiation and expertise, we deliver unmatched value to our growing portfolio of clients from all industries that range from small to large organizations. We offer all of the following management liability products:

ALIGNED Across Canada   

100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

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