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Insurance Bureau of Canada/mb/Business/Risk Management/Directors and Officers Liability/Claims Management

Directors and Officers Liability - Claims Management

​​In the event of a loss, the reporting requirements for directors’ and officers’ insurance policies must be adhered to. When a claimable event happens or may potentially occur, contact your insurance representative immediately. 

​Facilitating a Claim​To make a claim, document all of the information related to the incident. Your insurance representative will want to know:Details of the incidentInformation about steps that were taken to avoid the incidentWhat you did to investigateWhat you are doing to prevent future incidents Whether your board is well-established or new, or if you are considering becoming a board member, learn 11 risk management techniques for managing directors’ and officers’ risks. Additional Government Resources​Industry Canada, “Primer for Directors of Not-for-Profit Corporations”  ​​​​Justice Laws Website, “Canada Business Corporations Act”Justice Laws Website, “Canada Labour Code” ​Justice Laws Website, “Criminal Code”