Directors and Officers Liability Insurance | Reliance Insurance Burnaby
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The entire global D&O Market continues to experience hardening market conditions find out more about D&O trends with Reliance Insurance CEO Chris Ball and Commercial Insurance Account Manager Terri Hayes.
Regardless of whether you’re public or private, profit or non-profit, no one is safe. A solid insurance policy will cover an organization, and the corporation or not-for-profit organization. Talk to Reliance Insurance Advisors – we will craft an insurance policy to give you and your organization the coverage you need.
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Location:
4853 Hastings Street
Burnaby, BC V5C 2L1
T: 604.255.4616
TF: 1.877.354.2623
F: 604.255.1117
Business Hours
Monday — Friday: 8:00 am to 6:00 pm
Saturdays: 10:00 am to 4:00 pm
Closed Sundays and holidays.
We are a strong competitor in the insurance industry, achieved by our commitment to diversified growth. We have clarity in understanding our vision. We are committed to leading by example, having the right people in the right jobs and giving them the resources to succeed. Working together with respect for each other is critical to our success and allows us to focus on giving our clients prompt, courteous and knowledgeable service.
PROTECTION BEYOND INSURANCE®
Directors & Officers Insurance
In today’s world, stakeholders and the public are aware of their rights and are pro-active about seeking redress when they feel that they have been poorly treated or suffered an unnecessary financial loss. With this in mind, directors and officers, whether corporate or not-for-profit, need to protect themselves by ensuring they are aware of their obligations and properly insured.
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Understanding Directors and Officers conflict of interest
The phrases, “CEO steps down” or “Board of Director resigns” have become all too familiar headlines in the media over the last few years. The reasons for these departures may be varied, but often some form of director & officer conflict of interest occurred at the helm of the business or non-profit organization.
Directors and officers are expected to uphold their duty of loyalty with impartiality while placing the organization’s interests they serve above their own. Their duty of diligence requires them to act in good faith, to be reasonable and well-informed in their decision making, and to be present in the organization while monitoring its affairs. Directors and officers are obligated to their duty of obedience by following the statutes and terms of their organization’s agreements. When one or more of these honourable duties are breached by conflict of interest, turmoil will ensue.
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