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Director and Officers Liability 101

Leibel Insurance Group

Toll Free: (855) 906-6351
Edmonton Local: (780) 484-8880
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Mary Jarvina
Mary Jarvina
18:49 22 Aug 18
Krista Wilson is super duper awesome! She got everything done in a timely manner and I am so impressed with her customer service. I've dealt with the run around with other insurance brokers and she was straight to the point. Thanks Krista 😀
Gillyn Parker
Gillyn Parker
22:00 30 Aug 18
I had issues with my previous insurance provider so I went looking for a new one. Found Sarah Milenbach from Leibel Insurance Group Edmonton was amazing! She is kind, thorough, and incredibly helpful! I am very impressed and happy with the service and my new policy. I highly recommend!!
Danny Greenbank
Danny Greenbank
19:25 17 Aug 18
Jessica was amazing to deal with! From getting quotes to answering questions to finalizing paperwork she was prompt and attentive. I put a high value on professional and quality service and I believe as long as she is in the business I will be dealing with her. Thank you so much for everything!
Kristina Free
Kristina Free
22:55 30 Aug 18
Tracey Leblanc gives excellent service. No matter what my questions are or the time of day I email/contact her, she is always prompt with her reply. Extremely prompt customer service! Best Insurance I have ever delt with! Thanks Tracey !! Highly Recommended !!
Ryan Maas
Ryan Maas
16:48 17 Sep 18
Amazing group! They always look after my needs and are informative and prompt. Keep up the great work! Thanks!
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Director and Officers Liability: Not Just for Large Corporations

Directors and officers liability insurance is a common expense for major corporations. They understand their top people wield a great deal of power and have a lot of responsibility, and that can extend to relationships with customers, employees, and other companies. D&O insurance protects these officers and the company from legal repercussions that result from actions of top company officials. However, even midsized and some smaller companies in Alberta should consider this kind of protection, because lawsuits are a distinct possibility in today’s litigious world. Let’s look at an example involving companies A and B.


hero-directors-and-officers-insuranceCompany A was enjoying its newfound prosperity. Six months ago they hired an exceptional young man to take over their Vice President of Operations position and he made some major changes that yielded a number of positive results. They now had many more customers and company profits had never been higher. Then one day, a major problem developed. Company B was suing company A and their new officer for theft of classified business information, customers, and intellectual property.

In the lawsuit, company B alleged that their previous company director left and took sensitive information with him when he joined company A. Some of the information concerned proprietary formulas and materials in which company B had patents and exclusive rights to. That is the reason for company A’s recent success and this caused severe hardship for company B.

Company A was in major trouble. Because they were a mid-sized corporation, the owner did not believe that they needed directors and officers insurance. Company A believed that their umbrella insurance policy would cover issues like these, but it turned out they were wrong. In fact, the new VP of Operations was guilty of theft and fraud and the lawsuit dealt an enormous blow to Company A. They never recovered and eventually could no longer stay in business.


Do you have questions about Directors and Officers Liability? Visit our Directors and Officers Liability page which answers many commonly asked questions, or call Leibel Insurance at 780-484-8880.

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