Introduction

Directors & Officers (D&O) liability insurance helps protect directors and executives from personal financial loss arising from claims tied to their decisions and governance duties. Summit Commercial Solutions is an independent Canadian brokerage that compares multiple insurers to curate D&O coverage for private companies, nonprofits, and growth-stage startups across provinces such as British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.

fast/instant D&O quotes

"Instant" D&O quotes are sometimes possible for simple risks and low limits via insurer portals; most placements still require a short application and underwriting review. Summit’s process is built for speed: we gather required details once, submit to multiple markets, and return options quickly—often the same business day once underwriting questions are answered.

affordable for startups

Early-stage companies can obtain budget-conscious D&O by aligning limits and retentions with current investor, customer, or board expectations. Pricing is influenced by factors like industry, revenues, capitalization, claims history, and desired limits. Summit compares quotes, negotiates terms, and curates only the coverages you need now, with room to scale later.

Tips to manage cost without sacrificing essential protection:

• Right-size limits and retentions to today’s contracts and board requirements

• Provide clean, complete underwriting information the first time

• Review annually as your risk profile and governance evolve

compare carriers in BC

Summit is fully independent—no exclusive ties to a single insurer—so we can compare terms, pricing, and endorsements across leading carriers licensed in British Columbia. We present side-by-side options and explain trade-offs in coverage, retentions, and exclusions, then help you bind with the best-value fit. Independence and transparency are core to our model.

What does D&O cover?

D&O policies generally address defense costs and indemnification obligations for allegations such as breach of duty, negligence, fiduciary violations, or other governance-related claims against directors and officers.

Is D&O required in Canada?

D&O is not legally required, but it is commonly requested by boards, investors, lenders, and sophisticated customers. As your organization grows, the need increases.

D&O vs E&O: what’s the difference?

• D&O focuses on governance decisions and allegations against directors and officers.

• Professional Liability (Errors & Omissions, or E&O) covers claims alleging mistakes in the professional services you provide. Summit places both coverages and can structure them to avoid gaps.

Do nonprofits need D&O too?

Yes. Board members at nonprofits face similar governance exposures. Summit curates nonprofit programs that may combine D&O with other lines as needed.

How to get started

• Contact Summit with basic company details, board structure, and desired limit.

• We compare multiple insurers, clarify underwriting questions, and present options.

• You select terms; we bind coverage and support you year-round.

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