BHSI introduces two D&O policies to Canada

Berkshire Hathaway has brought two executive D&O liability policies to Canada, aimed at large commercial and financial organizations.

“Coverage can be tailored to individual needs,” Michael Densham, BHSI’s vice president, executive and professional lines, said in statement.

The executive first D&O liability policy includes coverage for securities class actions, shareholder derivative actions and government investigations. Individual board members and executives can be covered for up to $100 million in claims for which their company can’t indemnify them.

Companies can also buy side A DIC D&O liability policy. This kicks in when the company can’t indemnify individuals and when underlying D&O insurance has been exhausted or the claim arises from a difference in conditions event.

“Both forms were developed by our experienced D&O team in response to the needs of our Canadian brokers and customers,” Carrie O’Neil, BHSI’s vice president, executive & professional Lines, said in a statement.

 

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Transcontinental Media G.P.