Directors & Officers Insurance Issues Seminar
|
|
- Mary Lane
- 8 years ago
- Views:
Transcription
1 Directors & Officers Insurance Issues Seminar Bob Cooper & Ariel DeJong, McCarthy Tétrault LLP Catherine Richmond & Murn Meyrick, Willis Canada Inc. January 23, 2007 McCarthy Tétrault LLP P.O. Box 10424, Pacific Centre Suite Dunsmuir Street Vancouver BC V7Y 1K2 Canada Willis Canada Inc. Suite West Pender Street Vancouver BC V6E 2M6 Canada
2 Directors & Officers Issues Seminar Contents A B C D E F Agenda Emerging Issues in Directors and Officers Liability Fine-Tuning Protection to Serve Corporate and Individual Priorities Insured v. Insured Exclusion Directors and Officers Liability and Its Impact on Insurance Coverage Speaker Profiles
3 AGENDA Directors & Officers Liability and Insurance Issues Tuesday, January 23, :30-6:30 p.m. 4:30 Welcome Ariel DeJong McCarthy Tétrault) 4:35 The Impact of Secondary Market Liability on Directors and Officers Criminal and quasi-criminal liability as well as implications for D&O insurance policies will be discussed. 4:55 Navigating the D&O Insurance Market Be an educated buyer in today s rapidly evolving market: obtain the broadest coverage with a policy structure which satisfies both the board s and management s priorities. Bob Cooper (McCarthy Tétrault) Catherine Richmond (Willis Canada Inc.) 5:15 "Insured v. Insured" Exclusion: Avoiding Potential Pitfalls This presentation will focus on what it is, why it is included in D&O policies, potential problems which can arise based on the wording and possible solutions. 5:25 The Impact of Litigation Trends on Coverage Directors and Officers need to understand and have available the tools with which to respond to the impact of the growing liability exposures on their D&O insurance. Ariel DeJong (McCarthy Tétrault) Murn Meyrick (Willis Canada Inc.) 5:45 Cocktail Reception
4 Directors & Officers Insurance Issues Seminar McCarthy Tétrault LLP & Willis Canada January 23, 2006 Emerging Issues in Directors and Officers Liability Secondary Market Liability Regulatory Prosecution Bob Cooper 1
5 Secondary Market Liability What is secondary market liability? 4 Creates a statutory cause of action for investors who purchase or sell in the secondary market Creates strict liability for issuers (and their officers and directors) who breach continuous disclosure obligations No need for investors to prove knowledge, intention or gross misconduct for misrepresentations in core documents such as AIF or MD&A Eliminates significant obstacle to class certification by not requiring reliance by secondary market purchasers on misrepresentations or omissions 2
6 Who is affected? 5 Applies to issuers, directors and officers, and influential persons and experts of responsible issuers Will apply to BC companies who are reporting issuers in Ontario, Alberta and Manitoba or have a real and substantial connection to those provinces Influential Person: Insider who is not a director or senior officer Control shareholder (20% or more of voting shares) Experts: Accountants Auditors Lawyers Geologists Financial Analysts Other qualified professionals making statements in their professional capacity What does it mean? 6 No change to law requiring continuous (Financials, MD & A, AIF) and timely disclosure (material changes) Adds civil liability if there is a failure to meet these requirements and the issuer otherwise releases a misrepresentation or is not timely with disclosure Increased exposure to shareholder class action litigation Heightened concern for corporate and personal liability; financial and reputational risk 3
7 What are you liable for? 7 For a misrepresentation contained in a documents, directors at the time the document was released and officers who authorized, permitted or acquiesced in the release are liable For a misrepresentation made in a public oral statement or for failure to make timely disclosure, directors and officers who authorized, permitted and acquiesced in making the statement or in failing to make timely disclosure are liable Are there defences? 8 Defendants must prove a reasonable investigation Factors include: Nature of issuer Adequacy of systems in place for disclosure Reasonableness of relying on system Reasonableness of relying on officers/employees Role and responsibility of the person making the misrepresenation 4
8 What is a reasonable investigation? 9 At a practical level, a reasonable investigation will likely turn on: What internal analysis preceded the disclosure/omission to disclose? Were appropriate officers, managers involved? What outside advice was sought and was it followed? Was the disclosure/omission made hastily under time pressure? Were internal compliance standards/systems followed? Was all of the above documented so as to be provable in a meaningful way? What are the implications? 10 Increased risk of personal liability may make it difficult to recruit top flight directors Audit committees will require experienced directors and extraordinary time commitments Officers with direct preparation responsibility will face greater risk of liability and will need to document procedures followed Directors and officers may insist in written and more elaborate indemnity agreements Disclosure policies will be revamped to emphasize accuracy of public filings Earnings guidance may be less frequent 5
9 Will this open the floodgates? 11 Courts exercise a gatekeeper function Plaintiffs must demonstrate a reasonable possibility of success to proceed Damages are capped, absent a finding of fraud: For issuers or corporate influential person, damages cannot exceed the greater of 5% of market capitalization or $1 million For an officer, director or individual influential person, damages cannot exceed the greater of $25,000 or 50% of compensation received in the previous 12 months High barriers to entry present real risk to potential plaintiffs Only one action commenced in the first year (Imax) Regulatory Prosecution 6
10 What happened to Bill C45? 13 The Westray Act came into force in 2004 The Criminal Code now requires: Everyone who undertakes, or has the authority, to direct how another person does work or performs a task is under a legal duty to take reasonable steps to prevent bodily harm to that person, or any other person, arising from that work or task This, together with provisions that made it easier for corporations to be charged criminally, was predicted to dramatically increase the number of criminal prosecutions for OH&S matters However, charges have only been laid in two cases Is prosecution a risk? 14 Prosecution for regulatory offences in increasingly likely and organizations and individuals should not be complacent Senior officers, including directors and officers, are exposed to two types of prosecution regulatory and criminal There is an international trend which features the parallel existence of criminal law and OH&S regulation in protecting worker safety There is no clear line between the OH&S standard of negligence and criminal negligence 7
11 Is prosecution a risk? (cont d) 15 Parallel investigations by police and regulators are common in serious incidents or fatalities Organized labour and safety advocates apply coordinated pressure to lobby for prosecutions Many senior officers and organizations are not properly informed about their duties and do not place a priority on worker safety What steps should be taken? 16 Compliance with applicable OH&S legislation is essential to demonstrate that all reasonable steps are being taken to prevent injury Due diligence needs to include senior management oversight of safety systems and matters A real commitment to workplace safety must be made with an effective program that demonstrates clear communication throughout the organization There must be proactive accident response plans to manage the complexities of dealing with criminal and regulatory investigations 8
12 17 Bob Cooper Partner Litigation Department Tel:
13 Directors and Officers Liability Insurance: Fine-Tuning Protection to Serve Corporate and Individual Priorities McCarthy Tétrault LLP & Willis Canada Seminar January 23, 2007 Presented by: Catherine Richmond, Senior Vice President Executive Risk Practice Willis Canada Inc. Agenda Overview of Directors and Officers Liability Insurance Critical D&O Issues for 2006 Indemnity Rescission Bill 198 1
14 D&O Insurance Policy Overview D&O Insurance Policy E&O for running a company Who s insured: Directors, Officers Employees Entity - Securities, Oppression Spouses Employees Defined term: full-time, temporary, seasonal, parttime 2
15 The Three Sides of Directors & Officers Liability Side A covers individual directors and officers (and Trustees) for non-indemnifiable losses - those losses that the company cannot indemnify. No deductible Side B reimburses the company for payments it is required to make to individuals to cover the cost of claims, settlements and legal defense. Deductible. Side C reimburses the company for securities claims made against the corporate entity itself. Deductible. Sometimes includes pollution defense. Program Design BROAD FORM (DIC)* EXCESS A-SIDE COVERAGE Broad Form A-Side DIC* Coverage Drops down to primary if underlying insurance: wrongfully refuses to indemnify is financially unable to indemnify is rescinded is subject to bankruptcy/financial impairment Annual, Aggregate Limit Is non-rescindable for any reason *DIC = Difference In Conditions A-SIDE COVERAGE EXECUTIVES PERSONAL ASSETS PROTECTION B-SIDE COVERAGE CORPORATE BALANCE SHEET PROTECTION C-SIDE COVERAGE CORPORATE ENTITY PROTECTION (securities claims only) NO DEDUCTIBLE DEDUCTIBLE 3
16 Triggering the Policy Policy Construct: Claims Made 3 rd Party Liability Policy All Risks Claim alleging Wrongful Act resulting in Loss What is NOT covered by the policy Public Policy Exclusions: Conduct Exclusions: Fraud/Dishonesty Illegal Benefit Fines & Penalties Covered Elsewhere: Bodily Injury/Property Damage Exclusion Pollution Exclusion Pensions/ERISA Exclusion Professional Liability note securities carveout 4
17 What is NOT covered by the policy Narrow the Underwriting Exclusions: Major Shareholder Exclusion 10% Insured versus Insured Exclusion Pending and Prior Litigation Exclusion Pollution Securities Claims Exclusion - Secondary Market, 30 days notice Employment Practices Liability Critical D&O Insurance Purchasing Issues 5
18 Critical Purchasing Issues Purchasing Decision is changing Directors/Trustees involvement Potential conflict between management and insureds (cost v. coverage) Third Party Reviews Program Structure Who should be insured? Adequacy of Limits Side A DIC ( Difference in Conditions) Coverage Certainty Indemnification Fraud Coverage Certainty Indemnification Sources of indemnification may be more limited now than in the past due to: Insolvency Legally unable Incentives against indemnification- reduce limits available to innocents cooperation with criminal & regulatory investigators Plaintiff s strategies Indemnification availability has key implications for insurance program structure 6
19 Coverage Certainty Fraudulent Conduct Concern: increasing number of cases where officers admitting to participation in frauds, or overwhelming evidence of same. Implications: Denial of Claims Rescission of Coverage Threat of rescission used as a negotiating tool by insurer How can directors avoid rescission and denial of defence obligation? Full severability Fraud exclusion requires proven intentional conduct Consider Side A non-rescindable coverage Ensure broker has technical expertise and experience Bill 198 What are the implications? Litigation: Powerful tool for investors in the secondary market increased class actions Damage caps increased allegations of knowing disclosure violations? Cross border actions? Outside directors minefield? Not involved in day to day operations Underwriting: Does the company have policies and procedures for: disclosure? Release of public oral statements, forward looking statements? Does the company receive outside expert advice? 7
20 Bill 198 What are the implications? Coverage: Who should be insured? Separate policies for directors and officers by group? Limits? Insured versus Insured claims? Conflict amongst defendants? Need for separate counsel increased cost Catherine Richmond Senior Vice President, Executive Risk Practice (604)
21 Insured v. Insured Exclusion Ariel DeJong What Is It and Why Is It There 2 Side A, Side B and Side C coverage Excludes coverage for an action by one insured against another Important to know who is an insured past,present and future directors, officers, employees spouses Underwriting rationale is to prevent collusion Actual wording governs if clear not limited to collusive claims: Kohanski 1
22 Exceptions 3 Derivative actions brought by persons not insured who act without the solicitation, assistance or participation of any insured party Wrongful dismissal claims Claims for contribution or indemnity (if claim otherwise covered) Securities claims Problems 4 Statutory limits on indemnities for directors and officers CBCA and BCBCA Broad definition of insured can expand exclusion and narrow derivative action exception Claims by liquidators/trustees in bankruptcy/receivers: Markham and People s Changes in control of the corporation Gaps in coverage for directors and officers Joint claims by insureds and non-insureds 2
23 Potential Solutions 5 Exception for claims by liquidator/trustee in bankruptcy/receiver Exception for change of control of company Expand derivative exception to require assistance of more than one insured Limit application of the exclusion to individual insureds while acting within their capacity as directors, officers or employees Get exception to exclusion for non-collusive claims Potential Solutions 6 Stand alone, enhanced or broad form excess drop down difference in conditions Side A Non-rescindable, non-cancellable and fully funded run-off Side A Deal with allocation issue for covered and uncovered claims where claims by both insureds and non-insured 3
24 Final Comments 7 Read the exclusion and policy language carefully wording varies widely If possible address gaps in coverage and ensure coverage for gaps Determine your risk strategy and tolerance Be aware and make informed decisions 8 Ariel DeJong Partner Litigation Department Tel: adejong@mccarthy.ca 4
25 0 Directors & Officers Liability and its impact on Insurance Coverage McCarthy Tetrault LLP & Willis Canada Seminar January 23, 2007 Presented by: Murn Meyrick, Senior Vice President Executive Risk Practice Willis Canada Inc. Impact of litigation: Underwriters Reaction & Tools 1 Book of business: assessment of rate, retentions, limits, reserves. Is book profitable? Underwriting of risk: Application Warranties Disclosure Corporate governance Policy: Specific account - Endorsements - exclusions Across the book of business involved process D&O policy is static product functioning in a dynamic environment 1
26 Impact of litigation: Insureds Reaction & Tools 2 Don t ignore!! Educate yourself about trends Identify where you stand in peer review Start early in renewal process Differentiate your risk - corporate governance Coverage review - educate yourself! Changes in purchasing decision: Directors involvement Outside consultants Bifurcation of purchasing decision Impact of litigation: Claims management 3 Increased sophistication & organization of plaintiffs counsel, including U.S. alliances Increased awareness of & attentiveness to coverage & claims handling Increased third party involvement (audit, coverage & monitoring counsel) Greater coverage disputes- rescission threat; nonrescindable endorsements Competing interests amongst insureds - severability; first past the post; limits preservation Excess layer involvement 2
27 A few current examples 4 Executive compensation - stock option backdating & springloading Income trusts - increased exposure on trustees Institutional investors - pension plans, hedge funds increasing ownership and pushing aggressively for their agenda X-border implications - extradition; self-incrimination Criminal & Regulatory investigations/prosecutions The new executive world? 5 Enron Canada CEO, David Delainey, sentenced to 2.5 years, Sept
28 Negotiating the D&O Policy 6 Great environment for customizing: New entrants Insurers willing to trade coverage to maintain price Insurers willing to differentiate by product offering not price New products - eg, Side A DIC (Difference in Conditions), Income Trust, Mutual Fund - Independent Review Committee Buyers more sensitive to coverage over price D&O policy no longer a commodity Final Message 7 Start the process early Determine your risk philosophy and prioritize Differentiate your risk to underwriters This isn t an auto policy - terms vary greatly EDUCATE & NEGOTIATE 4
29 McCarthy Tétrault LLP An Ontario Limited Liability Partnership Lawyer Profile ROBERT COOPER TITLE Partner OFFICE Vancouver DIRECT LINE LAW SCHOOL Osgoode Hall Law School, LLB, 1982 BAR ADMISSIONS British Columbia, 1984 Biography Robert Cooper is a partner in the Vancouver office practising in the Litigation Group. He practises as general counsel, primarily in commercial, criminal and securities litigation. Mr. Cooper is experienced in complex litigation and public law. He advises individuals and corporations on securities matters relating to corporate governance, shareholder disputes, discipline and regulatory offences. He frequently appears on criminal and regulatory matters relating to fraud, employee misconduct and corporate liability. Mr. Cooper participates as a guest instructor at trial advocacy programs for the Advocates Society and Continuing Legal Education Society. He speaks frequently as a guest lecturer on securities litigation. Mr. Cooper received his BA in 1979 from Queen's University and his LLB in 1982 from Osgoode Hall Law School. He was called to the British Columbia bar in 1984.
30 McCarthy Tétrault LLP An Ontario Limited Liability Partnership Lawyer Profile ARIEL DEJONG TITLE Partner OFFICE Vancouver DIRECT LINE LAW SCHOOL University of British Columbia, LLB, 1988 BAR ADMISSIONS British Columbia, 1989 Biography Ariel DeJong is a partner in our Litigation Group and Insurance Group in Vancouver. Mr. DeJong's practice focuses on insurance coverage issues, construction litigation, corporate and commercial disputes and education law. He has argued cases at all levels of the courts of British Columbia and has been involved in numerous mediations and arbitrations. Private sector clients include those in the manufacturing, real estate development, energy, fish farming, education, processing, professional engineering services and technology industries. He is currently involved in a wide range of insurance coverage files and construction and professional liability litigation. Mr. DeJong has also acted for numerous independent schools, churches and other charitable organizations. Mr. DeJong is a member of: BCRIMA, the British Columbia Risk and Insurance Managers Association; the Insurance Coverage Litigation Committee of the Tort Trial and Insurance Practice section of the American Bar Association; and the Insurance and Construction Law sections of the Canadian Bar Association. Mr. DeJong currently serves on the Board of Directors of the Federation of Independent School Associations for British Columbia and has served in that capacity since He is also a director of the Elim Housing Society which provides housing to seniors. He served for six years on the Board of Governors of the King s University College located in Edmonton, Alberta and for three years as a Director of the Surrey Christian School Association. He is a member of the Fleetwood Christian Reformed Church. Mr. DeJong received his BA in 1985 from Calvin College and his LLB in 1988 from the University of British Columbia. He was called to the British Columbia bar in 1989.
31 Murn Meyrick Senior Vice President, Executive Risks Practice Group Murn Meyrick joined Willis in 2005 and is currently Senior Vice President Executive Risks providing consultative support and claims advocacy for the Executive Risks Practice. She is a national resource for Willis Canada, based out of Toronto. Formerly a Senior Claims Attorney with Chubb Insurance Company of Canada, Murn brings over 20 years of litigation experience. She has handled complex litigation and insurance coverage disputes in both Canada and the U.S. Murn is responsible for litigation and regulatory client support including corporate governance, directors liability, employment, media and pension liability issues. Murn also provides business risk assessment and management consultative support, and claims advocacy. Prior to Chubb, Murn served as Litigation Counsel for Zurich Canada and Dutton, Brock, LLP where her practice was primarily focusing on insurance issues with an emphasis on professional negligence, personal injury, product liability, coverage, and general commercial claims. Murn earned her LLB from the University of Toronto Law School in Murn has extensive experience in negotiation and mediation, with her training including the Advanced Harvard Mediation Workshop. A frequent speaker, Murn has presented at many conferences including, The Canadian Institute, Professional Liability Underwriters Society, International Pension and Employee Benefits Law Association, The Pacific Business and Law Institute and the Canadian Bar Association.
32 Catherine Richmond, LLB, CRM Senior Vice President, Western Region Executive Risk Practice Leader Catherine joined a national insurance broker in 1995 to create its National Directors and Officers Liability Practice. She recently joined Willis Canada to lead its Western Region Executive Risk Practice. She has consulted to many of Canada's largest companies on complex D&O issues surrounding corporate governance, hostile takeovers, acquisitions, shareholder class actions, insolvencies and insurance placement. Catherine has consulted with senior management and boards of directors on these issues and has spoken at numerous seminars including those presented by the Canadian Institute, CRIMS, ORIMS, BCRIMA, Directors Roundtable and the Canadian Bar Associations of Ontario and New Brunswick. Prior to her work in insurance, Catherine practised law. She received her undergraduate Honours B.A. in Psychology from Queen's University, followed by a law degree at the University of Ottawa. She is called to the Bars of both Ontario and British Columbia, in which she maintains non-practising memberships and is a member of the Canadian Bar Association and the Professional Liability Underwriters Society. Catherine is a Director on the Advisory Board of the Risk and Insurance Program at the Haskayne School of Business, University of Calgary.
33 VANCOUVER Suite 1500, 1095 West Pender Street Vancouver, British Columbia V6E 2M6 Tel: 604/ Fax: 604/ CALGARY Suite 1120, 605-5th Avenue SW Calgary, Alberta T2P 3H5 Tel: / Fax: / EDMONTON 1601 Scotia 2, Scotia Place, Jasper Avenue Edmonton, Alberta T5J 3R8 Tel: / Fax: / TORONTO Suite 1200, 145 King Street West Toronto, Ontario M5H 1J8 Tel: Fax: MONTRÉAL Suite 1400, 1130 Sherbrooke St., West Montreal, Quebec H3A 2M8 Tel: / Fax: / VANCOUVER P.O. Box 10424, Pacific Centre Suite 1300, 777 Dunsmuir Street Vancouver BC V7Y 1K2 Tel: Fax: CALGARY Suite 3300, 421-7th Avenue SW Calgary AB T2P 4K9 Tel: Fax: TORONTO Box 48, Suite 4700 Toronto Dominion Bank Tower Toronto ON M5K 1E6 Tel: Fax: OTTAWA The Chambers Suite 1400, 40 Elgin Street Ottawa ON K1P 5K6 Tel: Fax: MONTRÉAL Suite De La Gauchetière Street West Montréal, QC H3B 0A2 Tel: Fax: QUÉBEC Le Complexe St-Amable 1150, rue de Claire-Fontaine, 7 e étage Québec QC G1R 5G4 Tel: Fax: UNITED KINGDOM & EUROPE 5 Old Bailey, 2nd Floor London, England EC4M 7BA Tel: +44(0) Fax: +44 (0)
Directors & Officers Insurance Issues Seminar
Directors & Officers Insurance Issues Seminar McCarthy Tétrault LLP & Willis Canada Inc. January 23, 2007 Emerging Issues in Directors and Officers Liability Secondary Market Liability Regulatory Prosecution
More informationThe Buck Stops Here - Liability and Damages
McCarthy Tétrault Advance Building Capabilities for Growth The Buck Stops Here - Liability and Damages Donovan Plomp Ryley Mennie McCarthy Tétrault S.E.N.C.R.L., s.r.l. / mccarthy.ca Introduction 2 Liabilities
More informationSport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select
Allianz Insurance plc Sport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select Policy Overview Product Name/Subject Line Professional Indemnity Policy Overview Contents
More informationUnderstanding D&O Liability: Managing Your Exposure
Understanding D&O Liability: Managing Your Exposure November 17, 2011 Contents Tab About Goodmans 1 Understanding D&O Liability: Managing Your Exposure 2 Goodmans Corporate Law Update: Liability Insurance
More informationD&O FAQ. Report Title. Directors & Officers (D&O) Liability and Insurance Frequently Asked Questions
D&O FAQ Report Title Directors & Officers (D&O) Liability and Insurance Frequently Asked Questions Contents 1. What is a D&O policy intended to do?...3 2. When does wrongful conduct have to occur to be
More informationResidents Associations Directors & Officers Liability Select. Policy Overview
Allianz Insurance plc Residents Associations Directors & Officers Liability Select Policy Overview Product Name/Subject Line Professional Indemnity Policy Overview Contents Introduction 1 Significant Features
More informationDIRECTORS & OFFICERS LIABILITY INSURANCE
DIRECTORS & OFFICERS LIABILITY INSURANCE INTRODUCTION C or p or ate indemni cation and insurance policies designed to protect D i r e c t o r s a n d c e r s ( D & O s ) a r e complex technical documents.
More informationThe Law of Privilege in Canada
The Law of Privilege in Canada Andrew Wilkinson October 8, 2008 Types of privilege 2 Main types of privilege: Solicitor-client Litigation Settlement There is also common interest privilege, which is more
More informationManagement liability - Employment practices liability Policy wording
Special definitions for this section Benefits Claim Defence costs The General terms and conditions and the following terms and conditions all apply to this section. Any compensation awarded to an employee
More informationLet s Make a Deal M&A Deal Structures that work. Cheryl Slusarchuk, TJ Kang
Let s Make a Deal M&A Deal Structures that work Cheryl Slusarchuk, TJ Kang Road Map 2 1. Tax: Maximizing deal value 2. Deal timelines 3. Cross-border deals 4. Managing the process 1. Tax: Maximizing deal
More informationDirectors and officers liability best practices guidelines
Directors and officers liability best practices guidelines DIRECTORS AND OFFICERS LIABILITY BEST PRACTICES GUIDELINES INTRODUCTION A continuing challenge to all business is the efficient functioning of
More informationFiduciary FAQ. Report Title. Fiduciary or Pension Trust Liability and Insurance Frequently Asked Questions
Fiduciary FAQ Report Title Fiduciary or Pension Trust Liability and Insurance Frequently Asked Questions Contents 1. What s a Fiduciary liability policy intended to do?...3 2. When does the wrongful conduct
More informationIn an ever changing business and social environment it has become increasingly
DIRECTORS AND OFFICERS INSURANCE ISSUES By: National Business Institute June 20, 2008 Howard L. Lieber FISHER KANARIS, P.C. 200 South Wacker Drive 22nd Floor Chicago, Illinois 60606 312/474-1400 In an
More informationRecent Changes to Canadian Criminal Law and How it Affects Your Risks as Employers
EMPLOYEE SAFETY AND WORK-RELATED INJURY Recent Trends in the Law and Managing Your Risks Toronto November 29, 2007 Recent Changes to Canadian Criminal Law and How it Affects Your Risks as Employers By
More informationTHE QUÉBEC PRIVATE SECURITY ACT
AUGUST 2010 THE QUÉBEC PRIVATE SECURITY ACT AND ITS APPLICATION TO ELECTRONIC SECURITY FIRMS Construction, Engineering, Surety and Fidelity Group CONSTRUCTION LAW BULLETIN www.blgcanada.com In 2004 the
More informationDirectors and Officers Liability Insurance in Bankruptcy Settings What Directors and Officers Really Need to Know
Directors and Officers Liability Insurance in Bankruptcy Settings What Directors and Officers Really Need to Know April 30, 2010 By Paul A. Ferrillo While director and officer ( D&O ) liability insurance
More informationThe Most Commonly Asked Questions
www.bankdirector.com Strong Board. Strong Bank. Bank Director s Educational Program for Members of the Board D & O LIABILITY INSURANCE: The Most Commonly Asked Questions WHITE PAPER 2 D & O LIABILITY INSURANCE:
More informationInsurance Coverage During the Economic Crisis. by Bianca R. Chapman and Marc Rosenthal
Insurance Coverage During the Economic Crisis by Bianca R. Chapman and Marc Rosenthal The current financial crisis has resulted in unprecedented market volatility, credit concerns, market losses and bankruptcies
More informationGOING PUBLIC IN CANADA
GOING PUBLIC IN CANADA CASSELS BROCK IN BRIEF Canadian law firm of more than 200 lawyers based in Toronto and Vancouver focused on serving the transaction, advocacy and advisory needs of the country s
More informationBill 198 and the Impact on Directors and Officers Liability Insurance. March 2006
Bill 198 and the Impact on Directors and Officers Liability Insurance Introduction New Ontario legislation Creating new civil liabilities for investors in the secondary market with respect to misleading,
More informationWhat are the legal responsibilities of, and risks to, the directors and officers of a non-profit board?
Number 19 February-March 2001 (updated January 2003) DIRECTORS & OFFICERS LIABILITY INSURANCE A number of you have called CFC over the years asking a variety of questions about Directors and Officers Liability
More informationVERY IMPORTANT PLEASE READ LEGAL PROTECTION FOR PARAMEDICS
VERY IMPORTANT PLEASE READ LEGAL PROTECTION FOR PARAMEDICS Dear Member: Beginning in March 2014, the Professional Paramedic Association of Ottawa will begin providing Legal Protection to all of our paramedic
More informationOVERVIEW OF CORPORATE AND SECURITIES LAWS APPLICABLE TO PUBLIC COMPANIES IN BRITISH COLUMBIA DATED AS OF OCTOBER 27, 2009 GENERAL OVERVIEW
OVERVIEW OF CORPORATE AND SECURITIES LAWS APPLICABLE TO PUBLIC COMPANIES IN BRITISH COLUMBIA DATED AS OF OCTOBER 27, 2009 This memorandum contains a general overview of British Columbia corporate law and
More informationInsurance NewsTM. By Emmanuelle Poupart (Montréal)
March 2004 Insurance NewsTM A periodic update on insurance matters for insureds. Published by the National Insurance Litigation Group Replacing or reviewing your insurance policy: look into it Editor:
More informationReal Estate Errors & Omissions Indemnity Plan
B R I T I S H C O L U M B I A Real Estate Errors & Omissions Indemnity Plan No. RE0398 Issued by Real Estate Errors and Omissions Insurance Corporation (Herein called the Corporation ) Pursuant to the
More informationLiability Insurance (D&O) Presented by Caroline Yeo
Directors Beyond Insurance & Officers Liability Insurance (D&O) Presented by Caroline Yeo The Structure of D&O Insurance Covered claim against directors and officers Covered securities claim against the
More informationDavid A. Bertschi Partner
Call to the Bar: Ontario 1985 Languages: English French Education LL.B., University of Windsor, Windsor, Ontario (1983) B.A., Carleton University, Ottawa, Ontario (1980) Areas of Practice Insurance litigation
More informationCURRICULUM VITAE. BRIAN HELLER Certified as a Specialist in Criminal Litigation (Law Society of Upper Canada)
CURRICULUM VITAE BRIAN HELLER Certified as a Specialist in Criminal Litigation (Law Society of Upper Canada) HELLER, RUBEL Barristers 120 Adelaide Street West Suite 1902 Toronto, Ontario M5H 1T1 business:
More informationTools Conference Toronto November 26, 2014 Insurance for NFP s. Presented by Paul Spark HUB International HKMB Limited
Tools Conference Toronto November 26, 2014 Insurance for NFP s Presented by Paul Spark HUB International HKMB Limited Topics Insurance Policies Basics Directors and Officers Liability Insurance Commercial
More informationNigel P. Kent, BA, LLB Curriculum Vitae
T. 604.643.3135 E. npk@cwilson.com Education Bachelor of Laws Dalhousie University, N.S., 1980 Bachelor of Arts Degree (BA) Memorial University, N.L., 1977 George Watson s College, (Highers), Edinburgh,
More informationSupreme Court of Canada Creates New Test for Police to Search Cell Phones Without a Warrant
Supreme Court of Canada Creates New Test for Police to Search Cell Phones Without a Warrant On December 11, 2014, the Supreme Court of Canada released R. v. Fearon, a decision that addresses when police
More informationB.C. LAWYERS COMPULSORY PROFESSIONAL LIABILITY INSURANCE POLICY NUMBER: LPL 00-01-01
B.C. LAWYERS COMPULSORY PROFESSIONAL LIABILITY INSURANCE POLICY NUMBER: LPL 00-01-01 INSURER: THE LSBC CAPTIVE INSURANCE COMPANY LTD. (the Company ) Administrative Offices, 6th Floor, 845 Cambie Street
More information20 Questions Directors Should Ask about Directors and Officers Indemnification and Insurance
20 Questions Directors Should Ask about Directors and Officers Indemnification and Insurance SECOND EDITION Richard A. Shaw, Q.C., ICD.D 20 Questions Directors Should Ask about Directors and Officers
More informationHow To Pay Out Of Pocket
The General terms and conditions and the following terms and conditions all apply to this section. Special definitions for this section Bail costs Claim Crisis containment costs Defence costs Employee
More informationManagement liability - Directors and officers liability Policy wording
Special definitions for this section Bail costs Claim Defence costs The General terms and conditions and the following terms and conditions all apply to this section. Costs incurred with our prior written
More informationHavelock (Hav) B. Madill, Q.C. Edmonton. Status: Counsel Phone: 780.497.4898 Email: hmadill@brownleelaw.com Fax: 780.424.3254
Havelock (Hav) B. Madill, Q.C. Edmonton Status: Counsel Phone: 780.497.4898 Email: hmadill@brownleelaw.com Fax: 780.424.3254 Specific Practice Areas: LITIGATION, INSURANCE, ARBITRATION and MEDIATION Biography:
More information15 Questions You Should Ask Before Buying D&O Insurance Anna Erickson White and Philip T. Besirof, Morrison & Foerster LLP
15 Questions You Should Ask Before Buying D&O Insurance Anna Erickson White and Philip T. Besirof, Morrison & Foerster LLP This Article is published by Practical Law Company on its PLC Corporate & Securities
More informationCurriculum Vitae of L. Michael Shannon
Curriculum Vitae of L. Michael Shannon Contact Information mshannon@casselsbrock.com Telephone: 416 869 5357 Fax: 416 640 3015 Cassels Brock & Blackwell LLP 2100 Scotia Plaza 40 King Street West Toronto,
More informationThe Current State of Side A Insurance Coverage. American Conference Institute s 17 th Forum on D&O Liability October 21-22, 2013
The Current State of Side A Insurance Coverage American Conference Institute s 17 th Forum on D&O Liability October 21-22, 2013 DISCLAIMER Any views or opinions expressed by the speakers are solely those
More informationDIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND CLUBS
PLEASE READ THIS POLICY (AND THE SCHEDULE WHICH FORMS AN INTEGRAL PART OF THE POLICY) TO ENSURE THAT IT MEETS YOUR REQUIREMENTS DIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND
More informationWhat are the main liability policies you should consider for your commercial business?
A PUBLICATION BY: GODFREY MORROW GODFREY INSURANCE MORROW AND INSURANCE FINANCIAL AND SERVICES FINANCIAL LTD. SERVICES LTD. 2012 What are the main liability policies you should consider for your commercial
More informationDIRECTORS & OFFICERS LIABILITY INSURANCE
DIRECTORS & OFFICERS LIABILITY INSURANCE WHAT D&O INSURANCE DOES: Protects the personal assets of a company s directors and officers from potential unlimited liability; Protects the company s assets; Provides
More informationDirectors and Officers Liability Insurance Guidance and Advice for Risk Managers
Directors and Officers Liability Insurance Guidance and Advice for Risk Managers The insurance market has responded to recent corporate failures by requiring more information from organisations seeking
More informationHow To Protect A Company From Liability
DIRECTORS & OFFICERS ESSENTIAL BUSINESS INSURANCE COVER POLICY RISK FACT introducing FirstUnited FirstUnited is a leading insurance intermediary group operating in Malta and under Freedom of Services throughout
More informationMEMBER REGULATION. notice
MEMBER REGULATION notice Contact: L. Boyce: (416) 943-6903 lboyce@ida.ca MR0359 July 13, 2005 ATTENTION: Ultimate Designated Persons Chief Financial Officers Panel Auditors Distribute internally to: Corporate
More informationDirectors & Officers Liability Insurance. Presented by Caroline Yeo
Directors & Officers Liability Insurance Presented by Caroline Yeo The Structure of D&O Insurance Covered claim against directors and officers Covered securities claim against the company itself Indemnification?
More informationE F F E C T I V E M A R C H 1, 2 0 0 9. Indemnity. Plan. Real Estate Errors and Omissions Insurance Corporation. British Columbia
E F F E C T I V E M A R C H 1, 2 0 0 9 Indemnity Plan N Ọ R E 0 3 0 9 Real Estate Errors and Omissions Insurance Corporation British Columbia I N T R O D U C T I O N Why You Need Professional Liability
More informationCorporate Governance Update
This is a joint publication between our Securities, Class Action and Litigation Practice Groups Corporate Governance Update Reducing Risks of Directors and Officers in Securities Class Action Litigation:
More informationSamantha Ip Clark Wilson LLP tel. 604.643.3172 ssi@cwilson.com D/RJR/682791.1
by Samantha Ip Clark Wilson LLP tel. 604.643.3172 ssi@cwilson.com D/RJR/682791.1 TABLE OF CONTENTS A. INTRODUCTION...1 B. GENERAL INFORMATION ON THE TYPES OF LIABILITY INSURANCE...1 1. GENERAL LIABILITY
More informationD irectors & O fficers Liability Insurance
Proposal for D irectors & O fficers Liability Insurance PROFESSIONAL RISKS 2nd Floor John Stow House 18 Bevis Marks London EC3A 7JB Tel: +44 (0) 20 7623 4957 Fax: +44 (0) 20 7623 4958-1- PROFESSIONAL RISKS
More informationBill 34 The New Limitation Act: Significant Changes and Transition Issues Explained
Bill 34 The New Limitation Act: Significant Changes and Transition Issues Explained A Presentation for CLE Employment Law Conference 2013 Pan Pacific Hotel Vancouver, BC May 9, 2013 Carman J. Overholt,
More informationD&O Liability Insurance: Persistent Problems & Simple Solutions
D&O Liability Insurance: Persistent Problems & Simple Solutions Scott C. Hecht Stinson Morrison Hecker LLP presented to Association of Corporate Counsel Mid-America Chapter Thursday, January 13, 2011 D&O
More informationComplete Professional Indemnity
Allianz Insurance plc plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Insurance Brokers Policy Summary This is a Policy Summary only and does not contain full terms
More informationInsurance Journal. Defending Until the End When Does the Duty to. Volume 1, Issue 3 Editor Keoni Norgren. May 1, 2013
Insurance Journal May 1, 2013 In this Issue Volume 1, Issue 3 Editor Keoni Norgren Defending Until the End When Does the Duty to Defend End? Cyber Liability Laws in Canada Dolden Wallace Folick Welcomes
More informationICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance
ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance Contents If using online, click on the headings below to go to the related sections. 1. Introduction 2.
More informationBAILEY CAVALIERI LLC ATTORNEYS AT LAW
BAILEY CAVALIERI LLC ATTORNEYS AT LAW One Columbus 10 West Broad Street, Suite 2100 Columbus, Ohio 43215-3422 telephone 614.221.3155 facsimile 614.221.0479 www.baileycavalieri.com PEAS IN A POD: ARE EXPOSURES
More informationLiability Indemnification and Insurance for Directors of Not-for-Profit Organizations
Liability Indemnification and Insurance for Directors of Not-for-Profit Organizations By Brian Rosenbaum, LL.B. Supplement to 20 Questions Directors Should Ask about Directors and Officers Liability Indemnification
More informationDIRECTORS & OFFICERS LIABILITY
DIRECTORS & OFFICERS LIABILITY PROTECT YOUR ASSETS AND YOUR HOME THE NEW AGE OF LIABILITY The dawning of a new millennium witnessed a new era for company directors and officers with regulatory controls
More informationAn Investor s Guide to Making a Complaint
An Investor s Guide to Making a Complaint The Investment Industry Regulatory Organization of Canada (IIROC) regulates all investment dealers in Canada. We set high quality regulatory and investment industry
More informationGOLDMAN HINE LLP - MEDIA KIT. The Firm
GOLDMAN HINE LLP - MEDIA KIT The Firm Goldman Hine LLP is a commercial litigation law firm in Toronto that specializes in providing its clients with dispute resolution, advocacy and strategic legal advice.
More informationDirectors and Officers Liability Indemnification and Insurance. Richard Berrow, LL.B. Brian Rosenbaum, LL.B.
Directors and Officers Liability Indemnification and Insurance Richard Berrow, LL.B. Brian Rosenbaum, LL.B. Introduction Richard Berrow, LL.B. Partner, Fasken Martineau DuMoulin LLP Brian Rosenbaum, LL.B.
More informationNEW LEGISLATION FOR MORTGAGE BROKERING ACTIVITIES THE MORTGAGE BROKERAGES, LENDERS AND ADMINISTRATORS ACT, 2006 (ONTARIO)
SEPTEMBER 2008 NEW LEGISLATION FOR MORTGAGE BROKERING ACTIVITIES THE MORTGAGE BROKERAGES, LENDERS AND ADMINISTRATORS ACT, 2006 (ONTARIO) www.blgcanada.com The Mortgage Brokerages, Lenders and Administrators
More informationD&O Liability Insurance: An Overview1
Insurance Services Risk Management Employee Benefits WS&Co. Article July 2015 D&O Liability Insurance: An Overview1 By Priya Cherian Huskins2 Directors and officers of companies face the possibility that
More informationWhy IIROC Matters to You, the Investor
Why IIROC Matters to You, the Investor The Investment Industry Regulatory Organization of Canada (IIROC) regulates all investment dealers in Canada. We set high quality regulatory and investment industry
More informationThis Policy is not intended to replace your individual responsibility to understand and comply with the legal prohibitions against insider trading.
INSIDER TRADING POLICY DOCUMENT REFERENCE REVISION NUMBER TOTAL PAGES ORIGINAL ISSUE DATE EFFECTIVE DATE 3 11 October 25, 1995 November 11, 2014 SCOPE: This Policy is applicable to every employee of Barrick
More informationBEAZLEY ARMOUR SIDE A DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY
BEAZLEY ARMOUR SIDE A DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY In consideration of the payment of the premium, in reliance on all statements made in the application and subject to all of the provisions
More informationD&O Glossary. Directors & Officers (D&O) Liability and Insurance Glossary
D&O Glossary Directors & Officers (D&O) Liability and Insurance Glossary Contents American depositary receipts (ADRs)... 4 Aggregate limit of liability... 4 Allocation... 4 Application main form... 4 Application
More informationComplete Professional Indemnity
Allianz Insurance plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Accountants Policy Summary This is a Policy Summary only and does not contain full terms and conditions
More informationMASSACHUSETTS CUSTOMIZED PRACTICE COVERAGE TITLE INSURANCE AGENT LIABILITY COVERAGE UNIT
(hereinafter called "the Company") MASSACHUSETTS CUSTOMIZED PRACTICE COVERAGE TITLE INSURANCE AGENT LIABILITY COVERAGE UNIT In consideration of the payment of the premium, in reliance upon the statements
More informationDirectors & Officers Liability Select
Allianz Insurance plc Directors & Officers Liability Select Policy Overview Product Name/Subject Line Professional Indemnity Policy Overview Contents Introduction 1 Significant Features and Benefits 2
More informationA GUIDE TO PURCHASING LAWYER S PROFESSIONAL LIABILITY INSURANCE IN VIRGINIA
A GUIDE TO PURCHASING LAWYER S PROFESSIONAL LIABILITY INSURANCE IN VIRGINIA Presented By The Virginia State Bar's Special Committee on Lawyer Malpractice Insurance May 2008 The Need For Professional Liability
More informationT R U S T E E S L I A B I L I T Y
TRUSTEES LIABILITY PROTECT YOUR ASSETS AND YOUR HOME TRUSTEES' EXPOSURE There are many types of non-charitable trust heritage, family, trading, Maori, rest homes, hospitals, education services and the
More informationLion One Metals Ltd. Insider Trading Policy
Lion One Metals Ltd. Insider Trading Policy 1.0 Introduction The Board of Directors of Lion One Metals Ltd. ( Lion One ) 1 has determined that Lion One should formalize its policy on securities trading
More informationOffsets in Canada Considerations
Offsets in Canada Considerations European Club for Countertrade & Offsets Symposium #9 November 20, 2014 Vienna, Austria Brenda C. Swick Partner- Government Contracting /International Trade 416 601 7545
More informationQuestions Every Outside Director Should Ask About Their Portfolio Company s D&O Insurance
By Pamela W. Mason, AAI Questions Every Outside Director Should Ask About Their Portfolio Company s D&O Insurance Venture capital and private equity partners are being sued in their capacity as directors
More informationComplete Professional Indemnity
Allianz Insurance plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Architects Policy Summary This is a Policy Summary only and does not contain full terms and conditions
More informationThe Initial Public Offering: D&O Liability Insurance 1
A WS&CO. ARTICLE Insurance Services Risk Management Employee Benefits 1 June 2014 By Priya Cherian Huskins, Esq. 2 Directors and officers of companies face the possibility that even if they diligently
More informationSurveyors Professional Liability Insurance Summary
Surveyors Professional Liability Surveyors Professional Liability Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation
More informationHow To Cover A Claim For A Claim On A Life Insurance Policy
Directors and Officers Liability Insurance Quick reference guide The Quick Reference Guide provides a snapshot of the changes that have been made in comparison to the previous Directors and Officers Liability
More informationIntroduction to Warranty and Indemnity Insurance 18 October 2012
Introduction to Warranty and Indemnity Insurance 18 October 2012 Mergers & Acquisitions Insurance Group Adrian Furlonge Assistant Vice President Svetlana Soroka Senior Underwriter Introduction Background
More informationProfessional Indemnity Select
Allianz Insurance plc Professional Indemnity Select Cover Overview Professional Indemnity Select Cover Overview Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general
More informationproduct liability automotive
product liability McMillan has a specialized Product Liability Group that operates within our larger business litigation practice. Our Product Liability Group has achieved international recognition for
More informationProfessional Indemnity Select
Allianz Insurance plc Professional Indemnity Select Policy Overview Policy Overview Professional Indemnity Select Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general
More informationPrivacy in the Workplace Update What You Don t Know May Hurt You
McCarthy Tétrault Advance Building Capabilities for Growth Privacy in the Workplace Update What You Don t Know May Hurt You Rosalie Cress Will Cascadden Employees Rights to Privacy in the Workplace 2 Federal
More informationConsiderations for Financial Advisors Regarding Corporate E&O Insurance Coverage
Aon Risk Solutions Considerations for Financial Advisors Regarding Corporate E&O Insurance Coverage January 2015 Risk. Reinsurance. Human Resources. Introduction Recent statistics indicate that the number
More informationFiduciary Insurance and the Board of Retirement in New York State
ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM MEMORANDUM DATE: October 7, 2015 TO: FROM: SUBJECT: Members of the Board of Retirement Robert Valer, Chief Legal Officer Fiduciary Insurance Recommendation: Receive
More informationKey Issues in Evaluating and Negotiating D&O Insurance Coverage
Key Issues in Evaluating and Negotiating D&O Insurance Coverage By Stephen D. Allred I. Introduction Over the last decade directors and officers of public and private companies have increasingly become
More informationCHECKLIST FOR PURCHASERS OF PROFESSIONAL LIABILITY INSURANCE
CHECKLIST FOR PURCHASERS OF PROFESSIONAL LIABILITY INSURANCE How to Use this Checklist This checklist is intended as a guide to be used in reviewing professional liability insurance applications and policies.
More informationQUESTERRE ENERGY CORPORATION (the Corporation ) INSIDER TRADING AND REPORTING POLICY
QUESTERRE ENERGY CORPORATION (the Corporation ) INSIDER TRADING AND REPORTING POLICY The purpose of this insider policy is to summarize the insider trading restrictions to which directors, officers, consultants
More informationCORPORATE OFFICERS & DIRECTORS LIABILITY
Westlaw Journal CORPORATE OFFICERS & DIRECTORS LIABILITY Litigation News and Analysis Legislation Regulation Expert Commentary VOLUME 28, ISSUE 6 / SEPTEMBER 10, 2012 Expert Analysis D&O Insurance for
More informationFiduciary Liability. Presented by. The McLaughlin Company
Presented by The McLaughlin Company 1725 DeSales Street, N. W. Washington, D. C. 20036 (202) 293-5566 (800) 233-2258 Fax (202) 857-8355 www.mclaughlin-online.com The Fiduciary Marketplace Ulico Casualty
More informationNewsletter No. 194 (EN) Directors and Officers (D&O) Liability Insurance in Hong Kong
Newsletter No. 194 (EN) Directors and Officers (D&O) Liability Insurance in Hong Kong December 2015 All r ig ht s r e ser ved Lo r e nz & P art ner s 2015 Although Lorenz & Partners always pays great attention
More informationDGI04 Liability Insurance Underwriting
DGI04 Liability Insurance Underwriting Module Description: This module aims to provide the candidate with the knowledge and skills in commercial liability insurance operations. It deals with the legal
More informationIntroduction to Directors and Offi cers Liability Insurance
CHAPTER 1 Martin J. O Leary Introduction to Directors and Offi cers Liability Insurance The following is a brief, general overview of coverage afforded under the Directors and Officers Liability Insurance
More informationINDEX. bonded contract, 289 insureds, 243. misrepresentation, 291 obtaining, 242
INDEX B non-conforming tender, 284 boiler and machinery insurance, performance bond 241 default by the obligee, 288 coverage, 243 failure to notify, 289 definition of the accident, 245 material variation
More informationCurriculum Vitae Christopher J. Giaschi
401-815 Hornby Street V6Z 2E6 CANADA Telephone (604) 681-2866 Facsimile (604) 681-4260 Email: giaschi@admiraltylaw.com Internet: www.admiraltylaw.com SUMMARY Curriculum Vitae Christopher J. Giaschi Christopher
More informationGuide to Professional Liability Insurance HRPA OFFICE OF THE REGISTRAR
2012 Guide to Professional Liability Insurance HRPA OFFICE OF THE REGISTRAR Guide to Professional Liability Insurance TABLE OF CONTENTS Page What is professional liability insurance? 2 What is the professional
More informationD recto t r o s & & Of O f f i f cers Li L abi b lity y Ins n ur u anc n e
Directors & Officers Liability Insurance CA Divya Gandhi FII Investments in India this year has reached close to $9-billion. CLB Asks Ankur Drugs to Repay Depositors, failing to prosecute the directors
More informationCARL E. FORSBERG PRACTICE EMPHASIS AND EXPERIENCE EDUCATION BAR / COURT ADMISSIONS HONORS / AWARDS / UNIQUE RECOGNITION.
CARL E. FORSBERG Shareholder Main Phone: 206.689.8500 Direct Line: 206.689.8552 Email: cforsberg@forsberg-umlauf.com PRACTICE EMPHASIS AND EXPERIENCE Insurance Coverage and Analysis Environmental Coverage
More informationArchitects and Engineers Professional Liability Insurance Summary
Architects and Engineers Professional Liability Insurance Summary Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation
More information