Compare D&O Quotes in British Columbia

BC‑licensed and Kelowna‑headquartered, Summit is an independent brokerage that can compare multiple carriers to deliver the right coverage, wording, and price for your board.

Sticky bar: Quotes in 24–48 hours • BC‑licensed • Independent broker • Board‑ready comparisons

Last updated: 2025

Request a D&O quote • Contact our B.C. team • Licenses

BC D&O FAQs

How fast can I get D&O quotes?

For most standard BC submissions, we can typically return initial indications within 24–48 hours after receiving complete underwriting information.

What information do I need to provide?

Financial statements, cap table, litigation history, governance policies, business model and growth plan, plus any contractual insurance requirements. See our workflow below for details.

Which markets do you access in British Columbia?

We market broadly across Canadian insurers and qualified MGAs and, when appropriate, access Lloyd’s capacity through Canadian coverholders. We also disclose approached markets and compensation. See How we get paid and Licenses.

Do you support Vancouver and Kelowna boards?

Yes—Summit has dedicated community pages and service teams for both Vancouver and Kelowna.

Introduction

Directors & Officers (D&O) liability placements in British Columbia require both local licensing and broad insurer access. Summit Commercial Solutions is licensed in B.C. and headquartered in Kelowna, with dedicated community pages and service teams for both Kelowna and Vancouver. Our independence allows us to market your submission across a wide Canadian carrier panel and, where appropriate, through Lloyd’s managing agents accessed via Canadian MGAs. Licenses • Kelowna • Vancouver

What D&O covers (BC context)

• D&O protects individual directors and officers against claims alleging wrongful acts tied to their leadership decisions (e.g., breaches of duty, negligence, or violations of provincial/federal laws), typically funding defence costs, settlements, and related expenses.

• D&O is not legally mandated, but becomes increasingly important as organizations grow, add external directors, raise capital, or face heightened governance expectations.

• Entities governed by boards across sectors in B.C. (private companies, nonprofits, associations, venture-backed startups, professional firms) are typical buyers. D&O overview

Our BC market access and placement strategy

• Independent broker model: We are fully independent and compare terms across multiple insurers and MGAs to deliver fit-for-risk coverage, price, and wording—not a single-carrier default. Homepage

• Lloyd’s access via Canadian MGAs: For harder-to-place or nuanced risks, we extend the marketing sweep to Lloyd’s capacity through Canadian coverholders/MGAs when appropriate.

• Transparent marketing list: We disclose the full list of markets approached in your proposal and document declinations, indications, and final quotes so boards see the complete market view. How we get paid

• BC licensing and compliance: Summit holds an active B.C. insurance licence (Insurance Council of BC). This ensures compliant placement and service for B.C.-based risks. Licenses

Selected markets we place business with (examples)

These are examples of insurers and MGAs disclosed under our compensation transparency. Market participation varies by line; D&O availability depends on each insurer/MGA’s appetite and the specifics of your submission.

Note: The final marketing panel for D&O will include only those carriers/MGAs whose underwriting appetite aligns with your industry, financials, governance posture, and loss history. We provide the complete approached-markets list with your proposal and board memo.

The BC D&O placement workflow (what to expect)

• Discovery and data collection

• We align with management and the board on goals: limits, retentions, Side A/B/C structure, and key endorsements (e.g., severability, priority of payments, run‑off).

• We collect underwriting information: financials, cap table, litigation history, governance policies, business model, growth plan, and any contractual requirements.

• Market canvass and negotiation

• We market to an appropriate panel of Canadian insurers and qualified MGAs (including Lloyd’s‑backed capacity when relevant), then negotiate terms, retentions, exclusions, and wording enhancements.

• We present a side‑by‑side comparison of quotes and declinations, highlighting differences in conduct exclusions, insured vs. insured carve‑outs, severability, order‑of‑payments, and bankruptcy nuances.

• Placement and documentation

• We recommend a structure (primary/excess, Side A DIC if appropriate), coordinate bind instructions, confirm certificates, and deliver a board‑ready summary package.

• Servicing and stewardship

• Mid‑term governance or cap‑table changes are reviewed for notice/consent requirements; we manage endorsements, renewals, and claims advocacy. Claim support

When BC organizations should review D&O

• New external directors or observers, fundraising rounds, M&A, or expansions into regulated sectors.

• Material changes in financial profile or governance policies.

• Contractual requirements from lenders, investors, landlords, or customers.

• Desire to add Side A DIC capacity or adjust retentions/limits. D&O overview

Transparency on compensation and conflicts

Our compensation can include insurer-paid commissions, contingent profit agreements with certain carriers, and, for complex programs, client-paid fees. We disclose these arrangements and reflect commissions/fees within your proposal so boards can assess any potential conflicts. How we get paid

Local cues: Vancouver and Kelowna

• Vancouver: Dedicated community presence for Vancouver-based firms and founders; we tailor marketing to local industries (tech, film/TV, real estate, tourism). Vancouver

• Kelowna HQ: Summit’s head office is in Kelowna, enabling proximity to Okanagan clients and BC boards for in-person or virtual stewardship. Contact us

Get a BC‑specific D&O quote

• Start here: Request a D&O quote or contact our B.C. team.

• We’ll scope your risk, propose an insurer/MGA panel, and return a documented market canvass purpose‑built for your board—without limiting you to a single carrier.