What To Look For In Directors Insurance For A Publicly Traded Company
Knowing what to look for in directors insurance for a publicly traded company is important and often not easy for board members of Canadian CSE & TSX listed companies. Thankfully, the experienced Canadian business insurance brokers at ALIGNED Insurance specialize in knowing what to look for in directors insurance for a publicly traded company. Our commercial insurance brokers are trained weekly to ensure they know what to look for in directors insurance for a publicly traded company and will hand craft each policy to meet the specific needs of your organization.
Some examples of what to look for in directors insurance for a publicly traded company are:
- sub-limits may be available to cover the costs to respond to an investigations of an entity by enforcement body, when related to a securities claim by the OSC and other regulatory bodies.
- Wording to ensure coverage for individual employees – including pre-claim inquiry coverage to address costs incurred by individuals in responding to inquiries by the company or an enforcement body
- Sub-limits covering investigative costs arising out of a shareholder derivative demans
- The territory clause covers wrongful acts committed anywhere in the world
- Automatically covers acquired subsidiaries within a certain time frame and size
- Provides liberalization to apply certain more favourable terms and conditions from local AIG policies to claims in foreign jurisdictions
- Automatic coverage for covered directors and officers who also sit on outside boards of private and non-profit organizations
- Offers broad coverage for both entity and individuals
- Offers additional Side A limits for individuals when costs of a claim cannot be indemnified
- Pre-Claim Inquiry coverage to address costs incurred by individuals in responding to inquiries by an enforcement body or the company
- For others speak to an ALIGNED business Insurance broker
To Discuss What To Look For In Directors Insurance For A Publicly Traded Company Or To Get Directors Insurance For A Publicly Traded Company Connect With One Of Our Many Licensed Canadian Business Insurance Brokers Today at 1-866-287-0448
