A limited form of Directors and Officers ($1,000,000 limit) is now included in the coverages provided by the PCO. Member boards are covered for a wrongful act committed within Canada arising out of the conduct of their board.
A separate Directors and Officers policy should be considered for the following situations
- If the board feels that a $1,000,000 limit is insufficient
- If the board feels they have a Cyber or data breach exposure.
- If the club has any employees
- There is a need for legal guard (legal helpline) coverage
If significant assets are owned, appropriate property damage / loss insurance should be considered. Other exclusions under the PC policies include those related to: data, terrorism, asbestos, fungi, and, abuse, or molestation