Directors & Officers Liability (D&O) is the unlimited personal liability assumed by an individual solely due to their position within the organization.


What is Directors & Officers Liability?

Directors & Officers Liability (D&O) is the unlimited personal liability assumed by an individual solely due to their position within the organization. The main responsibilities of a Director or Officer are to represent the interests of the organization’s members in a prudent manner and to direct the organization's business and affairs according to applicable laws and regulations. In performing their responsibilities, there are basic duties Directors and Officers must adhere to:

  • Duty of Diligence
  • Duty of Honesty
  • Duty of Loyalty
  • Duty of Obedience
  • Duty of Skill

Who is at risk?

Any organization that has a board of directors has an exposure. This includes, but is not limited to: charity groups, religious organizations, educational institutions, sports clubs, community associations, cultural groups, family-owned businesses, privately-held companies.

Who may claim?

Potential claimants against Directors and Officers include: The Company, Shareholders, Employees, Creditors, Regulatory bodies, Liquidators / Receivers, Members, Contributors, General Public.


For non profit D&O, the Sovereign has partnered with Premier Marine Insurance Managers Group, our acting Managing General Agent for this line of business. Premier Marine is one of Canada's largest managing general agents, headquartered in Vancouver with branch offices in Toronto, London and Seattle.

For more information, contact your local Sovereign representative.