Marsh Canada is pleased to broker Directors and Officers Liability insurance and Commercial Office Package insurance for members of the Canadian Society of Association Executives (CSAE). With over 400 CSAE members currently participating in the directors and officers (D&O) liability insurance program, you know the coverage being offered is competitive.
Members of the CSAE need specific insurance coverages for their organizations — particularly Directors and Officers, and the Commercial Office Package which also provides general liability coverage.
Remember: The Commercial Insurance Program is recommended by the CSAE and offers discounted premium rates exclusively for members of the CSAE.
Directors and Officers Liability insurance provides management liability coverage for insured persons including the organization/association with respect to claims first made against them during the policy period for a wrongful act allegedly committed by the insured persons in their capacity as a director or officer of a not for-profit organization.
Why do we Need Directors and Officers Liability Coverage?
What is Covered Under the CSAE Directors and Officers Liability Policy?
Policy Form — Claims-made.
How Premiums are Determined
Premiums are based on your association’s annual revenues and the desired limit of insurance (options available from $1 million–$5 million). Pricing starts from $500 annually.
The Commercial Office Package is designed to protect the office exposure of your organization. The policy consists of coverages including property, general liability, money and securities, and employee dishonesty.
(additional limits available upon request)
Commercial General Liability - $2,000,000
Tenants Legal Liability - $2,000,000
Property of Every Description — All Risks - $25,000
Employee Dishonesty - $25,000
Money and Counterfeit Paper Currency - $10,000
Computer Systems Fraud - $10,000
Hacking Event/Computer Virus Attack - $10,000
Fundraising Expenses - $25,000 per occurrence/$25,000 aggregate
Event Cancellation Coverage - $50,000
Property In Transit - $50,000
Exhibition Floater - $100,000 per occurrence
Donated Good at Premises of Employees/Volunteers - $500 per item/$5,000 any one location
How Premiums are Determined
Premiums start from $750 for the basic package (including coverages listed above). Each organization has the option to tailor their insurance program to further address specific needs. Changes may reflect a need for a higher limit of insurance, or the addition of a coverage item not otherwise included.