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

Class Actions, Lawyers E&O and Law Firm ODL

Will Lawyers’ E&O (aka Errors and Omissions or Professional Liability for Lawyers and potentially their firm) insurance and Law Firm Outside Directorship Liability (ODL) insurance (see former post) get more expensive in Canada? I would suggest that the recent certification of a few Ontario based class action claims should not...
Posted: 10/6/2010 12:00:00 AM by Global Administrator

IFRS and D&O Insurance Implications

For many years (on and off) I have followed the writings of Al Rosen, principal of Rosen & Associates, a forensic accounting firm in Toronto, and of Accountability Research Corp., an independent research company “free from money management conflicts,” here and here. The first thing that caught my attention was the ...
Posted: 6/30/2010 12:00:00 AM by Global Administrator

Mitchell Sandham Becomes Silver Sponsors of RGD Ontario

 Association of Registered Graphic Designers of Ontario (RGD Ontario)Mitchell Sandham Insurance Brokers have been providing commercial insurance advice and products to the Association of Registered Graphic Designers of Ontario (RGD Ontario) for the past 5 year’s.  We have contributed back to the association by becoming a silver s...
Posted: 4/21/2010 12:00:00 AM by Global Administrator

Fiduciary Duty vs. Fiduciary Liability

The term fiduciary is broadly defined as “Law.- a person to whom property or power is entrusted for the benefit of another.” The termfiduciary duty is used regularly throughout directors’ and officers’ liabilityand professional liability law and insurance, one specific area of professional liabili...
Posted: 3/28/2010 10:54:28 AM by Global Administrator

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