Directors and Officers Liability and Executive Risks
RISK MANAGEMENT TO FOCUS ON YOUR BUSINESS DECISIONS
As a corporate director, officer or member of the senior management team of your firm, you are vulnerable to an array of liabilities, including lawsuits alleging managerial negligence, errors and omissions, misrepresentations and misstatements. Your best protection is a custom Directors and Officers Liability insurance policy.
An effective risk management strategy must first consider unforeseen threats that could possibly blindside you. By combining our unique perspective and knowledge, we can expose those unexpected hazards and handle them without hesitation.
SEE THE BLIND SIDES OF YOUR RISKS FROM EVERY ANGLE
LET'S BUILD A CUSTOM INSURANCE SOLUTION
Our directors and officers (D&O) liability insurance solutions are designed to help prevent the squandering of your corporate assets on expensive legal costs and damages in case of a lawsuit.
Covers legal costs incurred to defend Directors and Officers from covered lawsuits, like all liability policies.
Provides coverage for costs incurred by your organization to oppose, document, or defend against regulatory investigations and inquiries.
Although no insurance policy will truly cover intentional acts, D&O policies will still afford defence costs coverage to Directors and Officers relative to allegations of fraud, willful acts and other criminal matters until a final, non-appealable adjudication has been reached.
Directors and Officers are personally liable for corporate statutory liabilities (e.g.: wages, withholding taxes, corporate taxes). This means that personal assets are at stake in the event that the organization cannot cover them in the normal course of its operations. A D&O policy will cover these costs thereby taking Directors and Officers personal assets out of the equation.
Independent Directors with a value-adding skillset, network, and or expertise will often either require or be comforted that a D&O policy be in force to protect their interests.
Corporate litigation tends to be expensive and lengthy. A D&O policy is thus both a risk and cost transfer tool protecting the balance sheet.
Venture capital and private equity financing as well as government subsidies or other financing mechanisms will often require evidence that the resulting cash injection is protected from being lost by way of management errors and omissions via adequate D&O insurance.
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THE BFL CANADA ADVANTAGE
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.