Serving Ottawa, Ontario & Surrounding Communities since 1946
At Hicks Insurance Brokers, we understand that leadership comes with responsibility—and risk. Our Directors and Officers (D&O) Insurance is designed to protect your company’s key decision-makers from personal liability arising from their corporate roles. Whether you’re a growing startup or an established enterprise, our tailored coverage helps ensure your executives can lead with confidence, knowing they’re backed by expert protection.
In Ontario’s complex legal and regulatory environment, directors and officers face increasing exposure to personal liability. Claims can arise from a wide range of scenarios—allegations of mismanagement, breach of fiduciary duty, employment practices violations, or failure to comply with provincial or federal regulations. For example, a not-for-profit organization in Ontario faced a lawsuit after a director signed a contract with an event planner without proper board authorization. The planner sued for breach of contract and reputational harm, resulting in over $150,000 in defense costs—covered by D&O insurance1. In another case, a housing provider was taken to the Human Rights Tribunal of Ontario by a resident alleging failure to accommodate medical needs. The tribunal dismissed the claim, but legal defense costs still exceeded $50,0001.
Even private companies are not immune. One Canadian franchise operator faced a $3.5 million legal bill after being accused of misrepresentation in a failed restaurant venture 2. These examples highlight how quickly legal costs can escalate—even when claims are ultimately dismissed.
That’s where Hicks Insurance Brokers comes in. With deep expertise in Ontario’s business landscape, we tailor D&O coverage to fit your organization’s unique risk profile. Our proactive approach, personalized service, and access to top-tier insurers ensure your leadership is protected—so they can focus on driving your mission forward with confidence.
What sets Hicks Insurance Brokers apart is our unwavering commitment to personalized service and developing long-term client relationships. Unlike large, impersonal providers that offer one-size-fits-all policies, Hicks takes the time to understand the unique risks and goals of each organization we serve. We’re not just brokers—we’re partners with a vested interest in your success.
Our team works closely with business owners, executives, and board members to craft Directors and Officers (D&O) insurance solutions that reflect the realities of your industry, size, and structure. With Hicks, you’re not just getting a policy—you’re gaining a trusted advisor who’s invested in protecting your leadership and your legacy.
Choosing the best insurance for your business doesn’t have to be complicated—especially when you have a Hicks broker by your side. Our friendly, knowledgeable team takes the time to walk you through your coverage options, making sure everything is clear and tailored to your needs.
The ideal commercial business insurance policy meets your needs without being too costly. If your business has property, like a warehouse or office, commercial property insurance is crucial. A broker can explain this coverage, which usually includes protection for buildings, stock, equipment, business interruption, crime, equipment breakdown, transit and cargo, builder’s risk, and contractor’s packages.
Business interruption insurance offers protection against financial losses incurred when your business is temporarily shut down due to a covered event. This type of coverage comes in different forms, such as compensation for lost earnings, profits, additional expenses to keep the business running, and rental income losses.
Every business should have some form of liability insurance as part of their policy. While it may be tempting to seek out cheap insurance options, it is not advisable to compromise on liability insurance. This type of insurance can safeguard your business from the financial burden of lawsuits and legal expenses. There are various types of liability insurance available, such as General Liability, Umbrella Liability, Tenant’s Legal Liability, Professional Liability, Environmental Liability, Directors & Officers Liability, and Event and Sports Liability.
This insurance offers protection against bodily injury or property damage caused to third parties as a result of your business activities. This essential coverage safeguards you from legal liability and ensures the seamless continuation of your business operations without any disruptions.
Errors and omissions insurance offers protection if you are accused of negligence while carrying out professional duties.
Being in a position of authority as a director or officer entails a considerable risk to your personal assets, as you are personally accountable for ensuring good governance within the company. To mitigate this risk, directors and officers insurance offers coverage for the legal liabilities that directors and officers may face in both corporate and non-profit organizations.