CORPORATE INSURANCE

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SIDE A DIC SHIELD FOR DIRECTORS & OFFICERSTheir personal assets expose them

to a level of risk when making decisions to advance the organization’s growth and success. Their only protection is the indemnity of the corporation or the insurance backing the indemnity of the corporation. The indemnity and the

The Guarantee’s Side A DIC Shield provides extra assurance to Directors

the organization.

• with liberalization language and Difference in Conditions (DIC) coverage where the underlying insurance fails to respond. This approach ensures consistency in coverage and the ability to take advantage of broad and enhanced underlying policies.

• Only exclusions to the DIC coverage are those based on the conduct of

No Bodily Injury/Property Damage, Pollution, Insured versus Insured or Pending and Prior Litigation exclusions.

• Automatic follow form sub-limited coverage.

• Coverage expanded to include Fiduciary Liability, formal and informal .

• Coverage is non-rescindable.

WHAT IF THE CORPORATION…• withholds indemnity?• is unable to indemnify due to statute,

bankruptcy or insolvency?

WHAT IF THE UNDERLYING D&O INSURER…• wrongfully fails to respond, including failing to

respond due to insolvency of the insurer?

• denies coverage based on exclusionary language?• rescinds or voids their policy?

Limits available

• Up to $10 million in limits

on a primary basis; or

• Up to $10 million in limits in excess of a primary Side A DIC policy (follow form using our Excess Shield policy).

Q: A:

© 2018 The Guarantee Company of North America. All rights reserved. The Guarantee is a trademark of The Guarantee Company of North America.Document contains general information and is not part of the policy. The terms of the insurance contract apply in all circumstances.

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69858 - 102018

Toronto Montreal Halifax VancouverMadison Centre Place du Canada Westway 2 400 Burrard Street, Suite 8104950 Yonge Street, Suite 1400 1010, de la Gauchetiere St. West, 120 Western Parkway, Suite 208 Vancouver, British ColumbiaToronto, Ontario Suite 1560 Bedford, Nova Scotia V6C 3A6M2N 6K1 Montreal, Quebec H3B 2R4 B4B 0V2 Tel: 604 687 7688Tel: 416 223 9580 Tel: 514 866 6351 Tel: 902 425 4700 Toll Free: 1 800 663 2022Toll Free: 1 800 268 6617 Toll Free: 1 800 361 8603 Toll Free: 1 800 565 0013

Visit theguarantee.com to learn about our Corporate Insurance products and services.

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analyze complex risks and provide you with prompt, local service.

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es outside Quebec.

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