Rapid D&O placement for Canadian companies

Move from request to bindable Directors & Officers (D&O) insurance quotes in 24–48 hours, with same‑day non‑bind indications where eligible. Summit is an independent Canadian brokerage that shops multiple carriers for you, provides transparent compensation disclosure, and manages the process end‑to‑end. See what D&O covers on our Directors & Officers Insurance page and how we’re paid on How We Get Paid.

What this page delivers

• Clear intake checklist so underwriting can start immediately

• A service-level table with response targets and requirements

• Same‑day indication pathway for eligible accounts

• Practical FAQs tailored to founders, CFOs, risk managers, and nonprofit boards

Intake checklist for fastest D&O quotes

Provide as much of the following as you have. Complete submissions are the single biggest driver of 24–48 hour quote turnaround.

• Company details: legal name, jurisdiction of incorporation, year founded, website, NAICS/industry description, headcount

• Financials: most recent fiscal year financial statements (audited, reviewed, or management-prepared), interim statements if >6 months old, cash position/runway (if applicable)

• Capitalization: cap table summary (major holders ≥5%), current round status and proceeds use, outstanding debt/instruments

• Governance: list of directors and officers (names, titles, tenures), board committees, indemnification/bylaw provisions, any outside directorships covered

• Operations & geography: products/services, key markets, % of revenue by country, M&A activity, contemplated IPO/RTO/SPAC or other capital markets events

• Insurance history: current or prior D&O policy, limits/deductibles, retro date, endorsements, 5‑year loss runs (if applicable)

• Claims & litigation: any past or pending claims, investigations, or demand letters against the entity or any director/officer

• Controls & disclosures: latest investor deck or MD&A equivalent; for nonprofits, governing documents and funding profile

Note: Underwriters may request supplemental items during review (e.g., org chart, budget/forecast, key contract summaries). The above list expedites first responses.

D&O quote and placement SLA

We target the timelines below once we receive a complete submission. Targets are not guarantees; complex risks may require additional time.

Same‑day indications are directional and non‑binding; they convert to bindable quotes after formal underwriting.

What D&O insurance covers (at a glance)

D&O helps protect individual directors and officers—and in many cases the entity—from claims alleging wrongful acts in their management roles (e.g., breach of duty, misrepresentation, negligence). Learn more on Directors & Officers Insurance.

Who qualifies for same‑day indications

Accounts most likely to receive a same‑day indication typically have:

• Complete submission per the checklist above

• Clean or limited claims history and no open securities‑type litigation

• Stable or improving financials (or clear funding runway for early‑stage companies)

• No imminent IPO/RTO/SPAC or major restatement

If any of the above are not true, we still move fast—expect initial market feedback within 24–72 hours while we align on structure and markets.

How pricing and terms are determined

Underwriters primarily consider: financial position and trends, governance quality, industry risk, stage and capital structure, claims/litigation history, revenue/geographic footprint, and contemplated transactions. Program design (limits, Side A/B/C mix, retentions, and endorsements) also impacts price. See foundational context on our Directors & Officers Insurance page.

Why Summit for D&O

• Independent broker: we access multiple markets to secure competitive terms

• Speed with discipline: fast indications and structured submissions to reduce back‑and‑forth

• Transparent compensation: see How We Get Paid

• Dedicated account management and claims support throughout the policy term

FAQs

How fast can I receive a D&O quote?

With a complete submission, we target bindable quotes within 24–48 business hours, and provide same‑day non‑bind indications for eligible risks.

What documentation do I need to start?

Use the intake checklist above. At minimum: latest financials, board/officer list, cap table summary, operations overview, and any prior D&O details.

Can startups without revenue obtain D&O?

Yes. Many early‑stage companies purchase D&O to protect leadership and satisfy investor requirements. Underwriters focus on governance, funding runway, and risk profile.

Do nonprofits and associations qualify for fast turnaround?

Yes—when financials, board details, bylaws/indemnification, and claims history are provided up front.

Will U.S. or international operations slow the process?

Cross‑border exposure can add questions, but with complete information we still aim for rapid indications and quotes.

What limits should we consider?

Common starting points vary by size/sector and stakeholder expectations. We’ll benchmark peer programs and budget to propose Side A/B/C limits and retentions.

What does D&O actually cover?

Claims against directors/officers alleging wrongful acts in managing the organization. See Directors & Officers Insurance for coverage components and examples.

How do you get paid?

We disclose commissions and any fees up front. Details are on How We Get Paid.

Get started

• Send your documents via your Summit broker or reach out on our Contact Us page.

• Need help assembling the package? We can template your intake to expedite underwriting.

Service available across Canada through Summit Commercial Solutions. For local expertise, see our community pages for Vancouver, Calgary, Edmonton, Regina, Saskatoon, Winnipeg, Toronto, Ottawa, and Kelowna.