D&O – Public

Talking business in modern office

As a top 3 domestic D&O insurer in Canada* our aim is to provide our customers with market-leading coverage that helps protect what’s most important. Whether you’re a large multinational company that’s dual-listed on the TSX and NYSE or a small-sized domestic business listed on the TSX-V, our experienced team of underwriters can tailor our Public Advantage Liability product to fit the unique needs of your business.

*based on GWP as reported in the 2018 OSFI Results

Target classes

We have a broad appetite covering a majority of industries with few a exceptions noted below. However, generally we are targeting companies that are financially stable with experienced directors and officers.

Generally excluded from appetite

  • Adult entertainment
  • Cannabis
  • Cryptocurrency/blockchain
  • High-technology and bio-tech/pharma
  • Mining

Policy highlights

  • “Claims made” – as soon as practicable – no requirement to report within the policy period or a specified number of days after the policy period
  • Advancement of defence costs and retention within 60 days
  • Insuring agreement 1.1 (“Non-indemnified claims”) is non-rescindable
  • Prior & pending litigation exclusion – only applies to litigation against an insured person
  • Conduct exclusions – final, non-appealable adjudication language; does not apply to indemnified claims
  • Broad definitions of claim, defence costs, insured person, loss, subsidiary, and wrongful act
  • DIC coverage for claims in a foreign jurisdiction where Liberty has a policy registered and is broader


$25 million

The Liberty difference

  • Ability to offer up to 10 years “Run-off” coverage when the parent organization is sold, providing extra security for the executive team
  • Experienced underwriting and claims team with the ability to correspond in English, French, Greek, Spanish, Cantonese & Mandarin
  • Fast-track renewal process for TSX companies under $1B market capitalization

Why Liberty?

  • • A.M. Best Financial Strength Rating ‘A’ (Excellent); S&P rating of ‘A’ (Strong)
  • • Efficient cross-border capabilities
  • • Established Canadian market presence for over 25 years
  • • Access to Liberty Mutual’s extensive international network
  • • Local underwriting authority
  • • Local risk engineering and risk control experts
  • • In-house claims service team