What other types of insurance should be considered for items not covered under the PCO policies?

June 16, 2020

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