FAQ Category: Directors & Officers Insurance
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Under which statutes can directors or officers be held liable?
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Directors and officers can be held liable under federal and provincial statutes, including:
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Is D&O insurance the same as professional liability insurance?
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D&O is a type of professional liability. It is specifically designed to protect directors and officers from claims related to alleged acts of harm, negligence, or omissions.
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What are my legal responsibilities as a corporate director or officer?
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Under law, directors and officers must:
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How does a D&O policy work?
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A D&O policy has three agreements of insurance: There are some conditions for legal expenses and rules for claim reporting. Always connect with a broker to discuss specific policy details.