Directors & Officers Liability

Product
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Public Companies

ENCON’s Directors and Officers (D&O) management liability insurance is designed to safeguard Canadian publicly traded companies and their directors and officers against allegations of negligent acts.

Eligibility

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

  • Canadian listed
  • Small micro cap to multinational
  • Energy/Mining
  • Manufacturing
  • Retail
  • Transportation
  • Real estate/REITS
  • Technology
  • Start-up companies
  • IPO’s/RTO’s

Coverage Details

  • Policy Form – Claims-made and reported
  • Policy Period – Annual terms, with the availability of run-off coverage
  • Capacity – Limits up to $15,000,000
  • Territory – Claims made anywhere in the world

Policy Features

  • 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
  • First dollar defence coverage (deductible does not apply to defence costs)
  • Hostile takeover defence fund

Submission Requirements