Directors & Officers Insurance

A Directors & Officers (D&O) Liability Insurance policy can provide coverage for directors and officers for claims arising from their acts, omissions or decisions.

About the Coverage

Many community water supply systems in British Columbia operate through a not-for-profit organization. Others may operate as part of a for-profit organization. Water supply systems may operate under the direction of a board of trustees or have another form of governance structure in place.

Directors and officers of non-profits share some of the same types of exposures as those who control for-profit businesses. Directors and officers of for-profits and non-profits can be sued or involved in proceedings by a number of parties, including members, third parties and government agencies. Suits may arise from a wide range of causes including:

• Conduct of fundraising activities
• Payment of wages and deduction of taxes for employees
• Breach of statute
• Insolvency
• Breaches of fiduciary duty and duty of care
• Negligent supervision, screening or hiring of employees and volunteers
• Additional obligations and higher standards of care as trustees
• Failure to meet requirements for tax-exempt status as a non-profit.

A Directors & Officers (D&O) Liability Insurance policy can provide coverage for directors and officers for claims arising from their acts, omissions or decisions. Where the organization indemnifies its board, a D&O policy can reimburse the organization for amounts it has paid in indemnification.

How to Apply

1. Become a Registered User: Become a Registered User
2. Complete your water system profile: Water System Profile
3. Go to: Applications and Enquiries.

Follow these steps to join the program:

1. If you are:
   • Already a Registered User: If you are already a Registered User then go to Program Applications & Enquiries and click the link for the Directors & officers Insurance coverage.
   • Not yet a Registered User: You first become a SIS Registered User by completing the SIS User Registration Form. You then complete your Water System Profile: do this by logging into your Registered User account and clicking on the Add Water System link. Once you have registered your water supply system, click the link for the Directors & officers Insurance coverage.
2. You will be presented with an email template which includes the contact information you have provided.
3. Please check the details and if correct press SEND. The email will be sent to an experienced insurance representative and you will be contacted shortly thereafter.

If you have any questions about this program, please contact our Industry Partners below:

Marlee Pateman, CAIB (HONS),RIBO  Commercial Risk Advisor T 250 869 3914  TF 1 800 670 1877 Email: mpateman@capricmw.ca 100 - 1500 Hardy Street Kelowan BC V1Y 8H2