D&O – Public
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
Capacity
$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
