Recommended Insurance For Canadian Publicly Traded Companies
Types of Recommended Insurance For Canadian Publicly Traded Companies. Despite there being a nearly 17% decrease in Canadian publicly traded companies since 2007 there are still thousands of publicly traded companies in Canada listed on the TSX and CSE. Canadian publicly traded companies are all unique and have different risks that need to be assessed on a company by company basis. However, Canadian publicly traded companies also share a number of commons risks and as a result there is recommended insurance for Canadian publicly traded companies.
The two most consistently recommended insurance for Canadian publicly traded companies are directors and officers insurance and commercial general liability insurance.
Directors & Officers Insurance For Canadian Publicly Traded Companies
Directors & Officers Insurance for publicly traded companies is highly recommended for all Canadian publicly traded companies because effectively it provides personal asset protection to the individuals who make up the board of directors. More specifically Directors & Officers Insurance for publicly traded companies provides protection to the board and the entity by covering defence costs and settlements and/or judgments for legal matters that are within the scope of the D&O insurance policy that has been placed.
Commercial General Liability Insurance For Canadian Publicly Traded Companies
Regardless of their operations almost every organization buys commercial general liability insurance including Canadian publicly traded companies. Commercial general liability insurance protects organizations from liability associated with bodily injury and/or property damage caused to third parties from operating their business.
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