How Much Is A Private Company Directors Insurance Coverage Quote?
If you are wondering exactly how much is a private company directors insurance quote, the experienced insurance brokers at ALIGNED Insurance are here to help you get a quote. Across Canada, our commercial insurance brokers work with more than 55 top Canadian insurance companies and know how to determine private company directors insurance that will meet your board’s specific needs.
For instance, did you know that private company directors insurance specifically covers a “wrongful act,” such as an actual or alleged error, omission, misleading statement, neglect or breach of duty? This is just one way in which directors insurance adds an extra layer above and beyond standard commercial general liability insurance (CGL).
Private Company Directors Insurance Coverage Quote – What To Look For
Corporate transparency and accountability are critical to the success of any private company. If a worst-case situation arises, your private company may face litigation as a direct result of your board’s decisions. Because directors and officers face personal liability risks working as part of your private company board that are not covered under personal insurance — private company directors insurance coverage can help you attract and retain boardroom talent. With legal costs to defend individual directors and officers substantial, private company directors insurance can provide cost-effective peace of mind. Private company directors insurance coverage may include:
- Defense costs and indemnity coverage to the entity listed on the policy declarations
- Coverage for past, present and future directors and officers of the company
- Reimbursement to the organization for a contractual obligation to indemnify directors and officers who serve on the board
To Discuss How Much Is A Private Company Directors Insurance Quote Or To Get A Private Company Directors Insurance Coverage Quote Connect With One Of Our Many Licensed Canadian Business Insurance Brokers Today at 1-866-287-0448
| ALIGNED Across Canada 100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours. |
Source: IRMI
