Director and Officer liability
In Quebec, many SMEs and NPOs are unaware of the risks incurred by their board members. Ask our business insurance brokers for more information. They will provide you with personalized and objective advice.
Public companies, private companies, not-for-profit organizations, and any organizations with a board of directors should have this coverage in their business insurance. See why below.
Safe in the knowledge that you are properly insured, you can focus on your role as an officer or director. Call one of our business insurance brokers to find out more about the risks and what kind of coverage is available.
Corporate Executives
As a corporate executive, you represent your company. You may be personally liable for breaches of your company’s obligations. Lawsuits against corporate executives are a reality; as such, make sure you do not jeopardize your personal finances or those of your company. Talk to one of our business insurance advisors to find out more about Director and Officer liability.
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Board Members
Whether you are a volunteer or paid director, you are subject to financial and legal obligations set out in the Civil Code of Quebec and the Canada Business Corporations Act. Board members are jointly and severally liable for the Board of Directors’s decisions, whether founded or not, a lawsuit can result in considerable legal costs that can put your personal finances or the company’s finances at risk. Talk to one of our business insurance advisors to find out more about Director and Officer liability and make sure you are properly protected.
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