Introduction
Summit Commercial Solutions delivers fast, brokered Directors & Officers (D&O) insurance quotes for Canadian private companies and nonprofits in 24–48 hours—available across Canada excluding Quebec. As a fully independent brokerage, we compare multiple insurers on your behalf and curate the best-fit coverage and pricing, then support you through binding and claims. See our product background on Directors & Officers Insurance, our compensation transparency on How We Get Paid, and claims advocacy on Claim Services.Instant indication in minutes. Bindable quotes in 24–48 hours. Across Canada (ex‑Quebec).
| Fast‑track at a glance | Timing |
|---|---|
| Instant indication (non‑binding) | Minutes to same business day |
| Bindable quote (underwriter‑review) | 24–48 hours (with complete submission) |
Last updated: 2025‑12‑18
What “instant” means vs. “underwriter‑review”
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Instant indication: A same‑day, non‑binding premium and limits estimate based on your intake data and typical market appetite. Useful for budgeting and board updates. Not bindable.
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Underwriter‑review quote: A firm, bindable quote issued by an insurer after we submit a complete application and underwriting exhibits. Binding requires underwriter approval and signed terms; timing depends on submission completeness and risk profile.
Fast‑track D&O SLAs for private companies and nonprofits
The following target service levels assume a complete submission. Public companies are out of scope for this fast‑track.
| Risk profile (Canada, ex‑Quebec) | Typical underwriting exhibits | Target turnaround | Notes |
|---|---|---|---|
| Low‑complexity private company (non‑regulated sectors), no prior D&O claims | Completed intake, latest year financials, cap table/ownership, org/subs list, 5‑year loss history | 24 hours | Same‑day indication often available; bindable quote targeted next business day. |
| Standard private company with modest complexity (limited US exposure, minor M&A, clean losses) | 2–3 years financials, bylaws/indemnification, litigation questionnaire, board resumes, loss runs | 24–48 hours | Additional time if supplemental cyber/E&O data is required. |
| Nonprofit/social enterprise with clean losses | Completed intake, board list, mission/activities outline, latest financials, 5‑year loss history | 24–48 hours | Indications available quickly; final quote upon underwriter review. |
Targets reflect Summit’s internal process pacing and typical market response when submissions are complete. Actual timing may vary by insurer and risk specifics.
Eligibility and scope
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In scope: Canadian‑domiciled private companies and nonprofits with operations primarily in Canada. Service available across Canada, excluding Quebec.
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Out of fast‑track scope (longer review expected): Public companies; financial institutions; companies with open/pending D&O litigation, restatements, insolvency proceedings, or heavy M&A; highly regulated or cross‑border profiles requiring extended review.
Pre‑submit checklist (send once, quote faster)
Provide these items with your intake to enable the 24–48 hour SLA:
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Corporate details: legal name, entity type, jurisdiction, years in operation, website, locations, subsidiaries.
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Ownership and governance: cap table/major holders, board/officer roster, outside directorships, bylaws and indemnification agreements.
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Operations: business description, revenue by product/segment, geographic split, customers/channels, planned M&A/financing/IPO.
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Financials: most recent year financial statements (and prior year if available); any covenant, going‑concern, or restatement notes.
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Loss history: 5‑year D&O claims/loss runs, any incidents, litigation, or regulatory matters (filed, threatened, or circumstances).
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Existing insurance: current D&O policy, limits/retention, endorsements, pending changes, upcoming renewal date.
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Compliance confirmations: no‑known‑loss letter (if requested), sanctions/export exposure, industry certifications or licenses.
Tip: One PDF packet with a consistent file name and page order helps underwriters turn quotes faster.
How the fast‑track works
1) Submit your intake and exhibits to our team via Contact Us or your broker’s secure link. 2) We triage for instant indication eligibility and assemble a market‑ready submission (same business day for complete files). 3) We market to multiple insurers, negotiate terms, and return a curated options set aligned to limits/retentions and budget. 4) You select terms; we coordinate signatures, bind, and issue evidence of insurance. Post‑bind, your dedicated account manager handles service and claims support.
What affects quoting speed
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Completeness and clarity of financials and loss history.
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Sector and regulatory profile; cross‑border operations.
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Requested limits/retentions; layering or Side‑A DIC requests.
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Concurrent placements (e.g., EPL, Crime, E&O) requiring coordinated underwriting.
FAQs
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Are you an independent broker? Yes. Summit is a fully independent Canadian brokerage that shops multiple insurers to secure optimal coverage and pricing. See How We Get Paid.
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Can you bind off an instant indication? No. Indications are non‑binding. Binding requires a formal underwriter‑review quote and signed terms.
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Do startups qualify for the 24–48 hour track? Often yes—especially in professional services, technology, manufacturing, retail/wholesale, and health & wellness. See our D&O overview.
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Can you issue evidence of insurance quickly after binding? Yes. We target same‑day issuance of confirmations once terms are executed.
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Do you help with claims? Yes. Our team coordinates with the insurer and advocates for fair, prompt outcomes. See Claim Services.
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Where is this service offered? Across Canada excluding Quebec.
Start your 24–48 hour D&O quote
Email, call, or use live chat to start your submission and receive a fast indication or bindable quote. Visit Contact Us to connect with a broker today.