Risk Management is in the Details

The following article was written by Greg Shields specifically for the Official Newsletter of the Canadian Society of Physician Executives (CSPE), who have given us permission to republish it on our blog.  Risk Management is in the DetailsCreation of the Risk Wiki™ or Corporate Risk Wiki™By  Greg ShieldsIn the CSPE&rsq...
Posted: 12/8/2010 12:00:00 AM by Global Administrator

MTO Launches Uninsured Vehicle Project

McGuinty Government Improving Road SafetyStarting November 29, a new system will help keep uninsured drivers off Ontario’s roads by providing on-the-spot confirmation of insurance when drivers go to renew their licence plate.In Ontario, it is mandatory for all vehicles to have valid insurance coverage. Currently, drivers are required to pr...
Posted: 11/12/2010 12:00:00 AM by Global Administrator

Commercial General Liability Insurance – Coverage for Any Business

As one of the most common types of liability insurance policies purchased in Canada the Commercial General Liability Insurance policy is an important piece of the insurance buying process.  The Commercial General Liability policy referred to as CGL for short is intended to defend and indemnify a business facing a claim by a third-party...
Posted: 11/8/2010 12:00:00 AM by Global Administrator

Directors’ and Officers’ Insurance – Entity Coverage and the Blogosphere

Recently, while perusing the Canadian D&O Blogosphere, I came across the website of an Ontario insurance broker, who pointed out that “not all D&O policies provide Entity Coverage” and that that coverage is “critical to your insurance program.” It ends with “if your broker can’t do this… find on...
Posted: 11/2/2010 12:00:00 AM by Global Administrator

Directors’ and Officers’ Liability Claim Example – Supplier

Sunview Doors Limited v. Pappas 2010 ONCA 198, Released 16 March 2010, here – allegation of breach of contract for unpaid accounts following bankruptcy, but also an allegation of breach of trust against two directors and an office manager  “pursuant to the combined operation of s. 8 (statutory trust) and s. 13 (pi...
Posted: 10/28/2010 12:00:00 AM by Global Administrator

Directors’ and Officers’ Indemnification

Many D’s & O’s, (trustee, advisory board members, committee members, etc.) make the assumption they will be indemnified in the event of a lawsuit, and some rely entirely on the protection under statute, or their corporate bylaws. Indemnification language can be found in the OBCA, CBCA, other legislation or specific Acts (eg. Insu...
Posted: 10/26/2010 12:00:00 AM by Global Administrator

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