The directors and officers you hire are required to fulfill their roles diligently via three main duties: duty of diligence (to act reasonably and in the best interest of the company), duty of loyalty (to put the company’s interests first) and duty of obedience (to stay lawful). While you do your best to bring on the most qualified and trustworthy directors and officers and provide them with all the information and training required for the job, mistakes can be made, and many companies find themselves dealing with the consequences of these individuals’ failure to comply with their assigned duties.
Protect your company from the potential risks surrounding directors’ and officers’ liability by consulting with one of the seasoned insurance brokers at Ferrari & Associates. Our team has put together a menu of specialized insurance services pertaining to directors’ and officers’ liability, allowing you to choose the type of coverage that works for your unique goals and budget. Visit us at one of our conveniently located offices in Vaughan or Oakville to see how a Ferrari & Associates agent can work with you to devise a customized insurance plan that meets your directors’ and officers’ liability needs.