Directors and officers liability insurance

Pamphlet
(PDF, 204 KB)

Directors and officers liability insurance serves as a risk financing mechanism. These risks are, for example, liability type losses for which the directors and officers of a non-profit organization may be held liable due to wrongful or negligent acts or omissions made against them. These are claims which may arise from the decisions and actions taken within the scope of their regular duties. Directors and officers liability insurance applies to anyone who serves as a director or an officer of a harbour authority (HA).

This insurance is purchased and administered by the Harbour Authority Corporation (HAC), a federally incorporated body working on behalf of HAs. The Small Craft Harbours program provides a contribution to the HAC to cover a portion of the premium.

Documents

• Pamphlet