Directors & Officers > Private Companies


Private Companies 


Private companies are not immune from the considerable exposures facing their publicly traded corporate counterparts. Regardless of size or business type, private companies face potential claims from employees, customers, competitors, creditors, regulatory bodies and government agencies. ENCON’s Directors and Officers (D&O) management liability insurance for private corporations (PrivatePlus) offers all of the benefits of our D&O liability insurance with added coverages for employment practices, fiduciary, non-profit outside directorship, professional services and pollution defence.

Eligibility

The following list provides a sample of the classes of privately owned businesses that ENCON insures. Privately owned businesses are typically structured as a family-, employee- or management (group)-owned company. They can also be Canadian subsidiaries of any company.

  • Manufacturing
  • Energy
  • Oil field services
  • Transportation
  • Technology
  • Merchandising
  • Professional services (i.e., engineering companies)
  • Real estate
  • Crown corporations
  • Mining
  • Utilities
  • Start-up companies

Coverage Details

  • Policy Form – The insurance is written on a claims-made basis with full coverage for prior acts 
  • Policy Period – Annual and multi-year policies
  • Capacity – Limits up to $25,000,000 (on a primary or excess basis)
  • Territory – Claims made anywhere in the world

Policy Features

  • Multiple insuring agreements: D&O, Non-profit Outside Directorship, Employment Practices and Fiduciary
  • Entity coverage
  • Pollution defence
  • Professional services
  • Duty to defend
  • Broad definition of claim
  • Bi-lateral discovery period
  • Low deductibles
  • First dollar defence coverage (deductible does not apply to defence costs)
  • Severability of interests
  • Spousal extension

Submission Requirements

* Please note that there are separate application forms for quotes on new submissions and for renewals.