Directors & Officers Insurance

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D&O Insurance for Businesses

Directors and Officers Liability insurance, which is also known and Professional Liability Insurance or Management Liability Insurance, is a corporate policy that helps private, public, and non-profit operations protect their directors and officers against legal actions taken against them for their professional work.

In addition to protecting the directors and officers themselves, the policy also covers the company for their legal fees, settlements and other associated costs. D&O insurance is a requirement to attract the top talent to sit on your company board and or non-profit organization.

Who Needs the Product?

Traditionally, D&O insurance is thought to be a type of insurance available only to large Public corporations. Although this is true, the coverage is still extremely valuable to any business if you have a corporate board or advisory committee. D&O insurance is valuable to you if you’re one of the following:

  • Public Corporation
  • Private Corporations
  • Non-Profit Corporation
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What Are the Main Coverages Offered Under a D&O Policy?

Side A – Directors and Officers Liability

This section of a D&O policy provides personal coverage for directors and officers that the corporation is not legally obligated to indemnify for. It is in place to protect a director or officer’s personal assets.

Side B – Corporate Reimbursement Coverage

Contrary to Side A, Side B covers director’s and officer’s expenses that the corporation is legally obligated to indemnify against.

Side C – Entity Coverage

Entity Coverage is the portion of the D&O policy that protects publicly listed companies from securities claims against the entity itself, which can often end up being class action lawsuits.

Employment Practices Liability

Coverage for employers against claims made by employees for things such as: wrongful dismissal, failure to promote or other employment related disputes.

FCA is Canada’s Commercial Insurance Expert Since 1919

FCA has been providing Canadian companies with insurance since 1919. We have set the industry standard for turnaround time for both new and existing clients. We pride ourselves in ensuring our clients are receiving the best suite of coverages at a fair price.


Pricing for D&O insurance can vary drastically as there are many factors that are taken into account when pricing out Directors and Officer’s insurance. The main factors that are taken into consideration for pricing D&O are as follows:

  • Type of Organization
  • Experience of the Board and Directors
  • Company Financial Statements
  • Size of the Operation based on Revenue
  • Amount of Employees
  • Previous Claims History
  • Organizational outlook

Typically, D&O insurance policies start at a minimum premium of $1,000 annually and based on the responses to the areas in question above it may go up from there.

The process to obtain a quote for D&O insurance begins with completing an application in detail about the entity you are looking to insure. The main areas that insurance companies are looking to review are as follows:

  • Company financial statements
  • Business plan of the operations
  • Resumes of the Board members
  • Previous claims experience

Once the completed application is returned to FCA, we can begin the process of marketing the policy for quoting through our D&O insurance partners.

Directors and Officers insurance is designed to specifically protect the personal assets of directors and officers. Many consider it that last line of defense to protect their personal assets. An example of this is, if a company goes insolvent and no longer has funds to fulfill it’s obligations to defend its directors and officers, then Side A coverage would kick in to cover their defense costs and any claims settlements up to the limit on the policy.

Why Choose FCA Insurance?

Ease of Doing Business

We set the industry standard for turnaround time for both new and existing clients, you can expect excellence.

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Outstanding relationships with all of the most reputable insurance markets in the industry, giving you the power of choice.

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Our industry leading team boasts eighty dedicated and licensed professionals ensuring a smooth and efficient experience.


Laura does the work to get us the best prices with the best coverage.  She also keeps us abreast of the new types of insurance that a business such as ours might need.  Her yearly renewal visit is comprehensive to say the least, but when she leaves, we all understand the exact nature of each and every policy our business has.


FCA covers us for all our business requirements, from equipment to liability, property, builds and everything in-between. Errol Williams is so patient and helpful; I am always confident that we are getting the best possible coverage at a competitive rate. Always the best service!


Jamie and his team have been great to deal with, providing transparent advice and excellent service!


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