Binks offers a wide range of insurance and risk management options under the broad category of Executive Risk Insurance. Some of the most common policies include:
Most Canadian corporate Directors and Officers are well aware (or are rapidly becoming aware) of the significant personal risk that service as a director or officer involves. Common Law and many statutes and regulations impose duties and personal liability on corporate directors and officers.
Directors and Officers are expected to balance the interests of an increasingly broad spectrum of “stakeholders” in the corporation, such as shareholders, customers, employees, government agencies, the local community, and others.
Directors and officers can protect themselves and transfer a good part of their risk by purchasing Directors’ and Officers’ Liability Insurance, popularly known as D&O Insurance. Talk to us to ensure that your Directors and Officers are protected.
Employment-related lawsuits in Canada have been steadily increasing over the past few years and range from wrongful dismissal to workplace harassment. Employment Practices Liability coverage is critical in protecting you and your organization from the potentially catastrophic costs of employment litigation.
A company with solid employment practices is in an excellent position to defend itself in the event of employment litigation, but the cost of defending a lawsuit can be enormous, in many cases amounting to thousands and even hundreds of thousands of dollars. When you spend that much on legal fees, it is hard to feel like you have won.
Not all employment practices liability policies are the same, and policy comparisons can be misleading. Talk to an expert at Binks today to make sure you’re protected.
Consumer perception has evolved to the point where non-profit organizations and associations, their directors and officers, employees and services are being scrutinized as never before. A Professional Indemnity Complete (PIC) policy safeguards an organization, its directors and officers, and its employees from allegations of errors, omissions or negligent acts. This unique product for non-profit organizations combines Directors and Officers (D&O) liability and Errors and Omissions (E&O) insurance into one comprehensive policy. Contact Binks to ensure that your non-profit is not at risk.
Binks has been offering Kidnap, Ransom & Extortion coverage for decades with primary and excess limits of up to $50 million.
Our typical coverage includes ransom and extortion funds, loss of payment in transit, consultant costs, recall costs, business interruption, accidental death and dismemberment, judgments, settlements and defense costs.
In-house claims personnel are available 24-hours-a-day, 7-days-a-week, dedicated to crisis management claims and top-quality service. Clients with this type of coverage have access to a 24-hour emergency response helpline for access to experts who can help diffuse incidents and optimize outcomes. Pre-incident training by consultants world-renowned for their expertise in the world’s hot spots including the Middle East, Africa, Asia and South America. Additional coverage can be purchased by endorsement for political evacuation and repatriation as well as child abduction.