Whole sectors of the economy are going “non-profit” to conduct business. Legislation is changing and not-for-profit boards are expected to perform like for profit boards. The presenters will review this new landscape and how it affects Directors & Officers and full entity coverage.
The number of claims in Canada against Directors & Officers of private companies has doubled over the last ten years. The reason is better use of the “oppression and unfairly prejudicial” provisions in each Company Act. Learn how these precedents can affect your business and the personal liability of the Directors & Officers.
Webinar Access Details:
The New Landscape on Directors & Officers Insurance Private & Not-for-Profit
Tue, Apr 3, 2018 10:00 AM - 11:00 AM PDT
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Canada: +1 (647) 497-9373
Access Code: 303-724-237
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Changes in the underwriting landscape:
- What are the trends and judicial development that shape underwriting considerations
- How are non-profits groups organized for underwriting and liability
- An outline of the increase in claims involving non-profit entities
- How do the claims involving Condominium Corporations and housing societies differ from claims involving charitable organizations?
Why is there an increase in private company claims?:
- How Judges are using the oppression remedy for closely held private companies
- Why Judges are permitting landlords, creditors and other third parties to sue the directors when the entity does not pay the company debts
- What are the types of damages that are being recovered in the context of private companies?
About the Presenters
Eric Dolden is a senior partner with Dolden Wallace Folick LLP, a firm of insurance lawyers with offices in Vancouver, Toronto, Calgary (as of October, 2015) and Kelowna. Eric has been practicing law for 37 years and in 2011 was named one of Canada’s top commercial insurance lawyers by Canada’s Lexpert magazine. Eric has been the insurer’s choice of counsel on some high profile insurance cases that have been heard in the Supreme Court of Canada.
Gerry Gill is a senior lawyer in the firm’s Toronto office. Gerry practiced with a Toronto insurance firm and in a senior claims capacity with a Canadian specially insurer before joining Dolden Wallace Folick LLP. Gerry currently has a varied practice of professional liability, D & O, EPL and general liability matters with a balance between defence and coverage work over the past two years.
Dolden Wallace Folick LLP confines its practice to insurance law with a focus on specialty lines including: D & O construction, EPL, Fiduciary liability, E & O, Cyber and Technology liability policies.