Business Leader Liability Adam Joyce Canada Brokerlink
Business Leader Liability Business Leaders are: • The Role – entrepreneur, executive, business owner, and board member • The Company – which leads in business • Liability – your responsibility
Areas of Liability • • • • • •
Directors and Officer (D&O) Employment Practices Liability (EPL) Fidelity (Employee Dishonesty) Fiduciary Intellectual Property Liability (IP) Professional Liability (Errors and Omissions)
Financial Loss Events Losses can occur from • • • • •
Shareholders Employees Vendors Competitors Clients
Our Simple Approach 1. 2. 3. 4. 5.
Initial conversation about your business Insurance conversation Insured and insurer facilitation Options conversation Ongoing care and communication
Our Best Work Financial
Resources
•Tier two companies •Revenues greater than $2 million •Employee base of 25 or greater •Private and publicly traded
High-Tech
What You Can Do… • Ensure your board has directors from an outside company on it • Make sure your board is active in governance of your company • Timely reporting and recording of everything • Purchase a Kevlar coating of insurance for the organization and it’s leadership
Adam Joyce Business Insurance Professional Canada Brokerlink Inc. 100, 4124 9th Street SE Calgary, AB T2G 3C4 403 .585.4507