Directors & Officers Liability Insurance
Directors and officers can be held personally liable for misuse of funds, misappropriation of funds, knowledge of illegal or improper acts, making improper loans, fraudulent acts, transactions or decisions which are not authorized by the bylaws of the corporation.
Regardless of whether an action against a director or officer is justified, the cost of defending that action can be great. Directors’ and Officers’ Liability Insurance provides coverage for these defence costs as well as other liabilities which may arise from performing your duties.
A general liability policy for a business will not typically extend to provide such coverage as it tends to be limited to property damage or bodily injury caused to others.
Typical sources of claims include shareholders, shareholder-derivative actions, employees, regulators and competitors (for anti-trust or unfair trade practice allegations).
With your insurance policy, you will also receive our industry leading Best Service Guarantee, which includes competitive prices, coverage review, a guarantee of fairness and local, professional staff who care. We make it our mission to earn the privilege of handling your insurance needs.
Claims & Emergencies
We know accidents and emergencies don’t always happen during regular business hours. To make a claim after hours, call our toll free emergency claims phone line at 1-877-599-7299. We are available 24 hours a day, 7 days a week to receive your calls. It is our promise that one of our brokers will contact you on the next business day.
If you have a claim during regular business hours, call your local Western Financial Group broker.