Directors & Officers (D&O) Insurance

Sitting on a board of directors or being employed as an officer of a corporation, whether for-profit or non-profit, can be rewarding work, but it also opens you up to potential risks. Your decisions carry a lot of weight, and you could be held accountable for your actions and/or inactions. Trigon’s brokers will ensure you have comprehensive D&O insurance coverage for those instances.


Who needs directors & officers insurance?

  • Any organization governed by a board of directors (i.e., non-profits, public or private sector businesses, large commercial enterprises)

What does directors & officers insurance cover?

Directors & Officers Insurance protects against losses caused by negligence or honest mistakes your organization’s directors and officers make.

A comprehensive D&O Policy can protect against the financial implications of lawsuits that arise from the actual or alleged wrongful acts of a business’s directors and officers.

A wrongful act can include:

  • Breach of legal or fiduciary duties resulting in financial consequences for shareholders
  • Misuse of company funds
  • Allegations of fraud, misrepresentation, and negligent acts
  • Wrongful dismissals and employee discrimination claims
  • Failure to comply with provincial and federal laws and regulations

Frequently Asked Questions

What is the difference between occurrence-based policies and claims-made policies?

An occurrence-based insurance policy protects against incidents occurring during the policy period, regardless of when the claim is reported.

A claims-made insurance policy only provides coverage for incidents that happen and are reported while the policy is still active.

What’s not covered by D&O insurance?

Like most insurance policies, there are some exclusions for D&O Insurance. A D&O policy does not cover criminal acts, intentional non-compliance, bodily injury, and property damage, to name a few. Our Trigon brokers can provide you with more details on the coverage offered by a D&O policy.

Questions? Let us help you.

Speak with a broker to learn more about directors & officers insurance.