Assurena Insurance Agency is an independent insurance brokerage agency that carries some of the best coverage options in the entire New USA.

Our Contacts

88 Centre Street North,
Toronto L4W 1C9
advisor@assurena.com admin@assurena.com
+1 (419)-507-0468
+1 (213)-345-0468

Working Hours

Monday
9.00 - 5.00
Tuesday
8.00 - 5.00
Wednesday
8.00 - 5.00
Thursday
8.00 - 5.00
Friday
8.00 - 4.00
Satureday
Closed
Sunday
Closed
Directors & Officers Insurance

Directors & Officers Insurance By Hawkins Insurance Agency .

Directors & Officers Insurance provided by Hawkins Insurance Agency .

In today’s complex operating environment, D&O claims brought by stakeholders such as shareholders, customers, vendors, competitors, suppliers, regulators, and creditors, present increased risk for companies across all industries. D&O insurance protects the personal assets of those individual directors and officers when the company they serve is unwilling or unable to pay for their defense costs and any settlements or judgments for which they are responsible.

Established in 1982
100% customer satisfaction
Experience Of 30+ Years
60+ Insurance options

What is Directors & Officers Liability insurance?

Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization’s employees, vendors, customers or other parties. D&O insurance can cover defense costs, settlements and other costs associated with wrongful act allegations and lawsuits. Directors & Officers insurance is an important aspect of a corporate risk management strategy and can help your company attract and retain qualified executives and board members.

Directors and officers are sued for a variety of reasons related to their company roles, including:

  • Breach of fiduciary duty resulting in financial losses or bankruptcy
  • Misrepresentation of company assets
  • Misuse of company funds
  • Fraud
  • Failure to comply with workplace laws
  • Theft of intellectual property and poaching of competitor’s customers
  • Lack of corporate governance

Coverages by Directors & Officers Insurance

Side A Coverage:

Covers directors, officers for defence costs, settlement fees, or judgments if the company cannot indemnify them, such as if the company has declared bankruptcy.

Side B Coverage:

Covers the company for directors’, officers’, and employees’ losses when the company does indemnify them.

Side C Coverage:

Also called “entity coverage,” financially protects the corporation in its own right. Entity coverage may reduce the limits available to protect the individual officers and directors.

Why is Directors & Officers Insurance policy important?

  • The need to obtain proper D&O insurance cannot be overstated. A common misconception is that alleged misconduct by directors or companies is covered under other liability policies, such as commercial general liability, errors and omissions, or other professional liability policy. In many cases, this simply is not true.
  • In some instances, misconduct may not fall within the scope of an organization’s indemnification clause.
  • Even if an organization has the ability to indemnify their directors and officers for the wrongdoing in question, it may not have the funds to finance the ongoing costs and expenses related to a lawsuit.
  • These costs can add up quickly and easily reach six figures.
  • Without the financial backing of a D&O insurance policy, an indemnification clause might not adequately protect the directors and officers of the organization.

To keep pace with an increasingly complex risk landscape, and find the best fit D&O insurance coverage contact us today!

Already Have Directors & Officers Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.

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