In today’s marketplace, directors and officers of publicly traded corporations face greater liability exposures than ever before. Potential claims may come from a variety of constituencies, from employees or customers, to competitors or shareholders. ENCON’s Directors and Officers (D&O) liability insurance is designed to safeguard Canadian publicly traded companies and their directors and officers from allegations of negligent acts.

The following list provides a sample of the classes of publicly traded businesses insured by ENCON:

• Canadian listed
• Small micro cap to multinational
• Start-up companies
• Primary or excess
• IPO's/RTO's
• Energy/Mining
• Manufacturing
• Retail
• Transportation
• Real estate/REITS
• Technology
• Income Trusts

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

• 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
• Broad definition of claim includes non-monetary relief
• First dollar defence coverage (deductible does not apply to defence costs)
• Competitive deductibles
• Bi-lateral discovery period
• Duty to defend
• Spousal coverage
• Employee coverage
• Hostile takeover defence fund
• Fiduciary liability (available as an extension or a stand-alone policy)
• Incidental professional liability extension

• A completed ENCON Directors and Officers Liability Insurance (Publicly Traded Corporations) application form *
• Attachments as indicated on the application form
• All applications must be submitted to ENCON through a licensed insurance broker

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

Professional Liability & Construction