Boards of Directors
Hunters International Insurance caters to Boards of Directors who seek independent specialists that concentrate on the insurance for their directors, officers & trustees.
Enhanced DOT Liability Insurance Brokerage
EXPANDHUNTERS caters to Boards looking for an independent specialist concentration on the insurance for their Directors, Officers and Trustees (DOT’s).
Compare HUNTERS to your existing broker for DOT (Directors, Officers, Trustees) Liability Insurance – against the following points:
We enter into Client relationships using a “Service Agreement” to outline agreed accountabilities, results measurement and compensation.
HUNTERS limits the surprise factor. We will have a material conversation about your insurance renewal picture at least ninety (90) days before it is due. We will mutually develop strategy. The HUNTERS DOT Liability Audit will be performed annually – which up-dates our practical analysis with annual benchmarking, if you so choose. We are the only broker systematically monitoring SEDAR filed limits, retentions and premiums.
HUNTERS has relationships with all the major Directors & Officers Liability insurers in Canada. We know the Practice Leader personally and the President. We also know how to navigate the claims departments which are largely very separate divisions. HUNTERS has access to the USA and UK insurance carriers not represented domestically through specialist insurance wholesalers.
HUNTERS does not accept contingent commissions or other forms of additional compensation or financing from our insurer partners. According to our regulator, there are 157 brokerage firms in Ontario that have a debt or equity relationship with 31 insurance companies.
We have no fear of introducing you directly to your underwriter. In fact, we will ensure the meeting is productive and mutually adds value. Our publication “Meeting the D&O Underwriter” offers Clients practical perspectives.
HUNTERS has business sophistication beyond insurance. We have a lawyer and chartered accountant on staff to help position your risk for maximum effect with current and potential underwriters.
HUNTERS keeps our Clients informed. Our website has publications ranging from “Understanding Insurer Financial Ratings” to “What does a Personal Indemnity Agreement do for me?”. We update and add to these regularly and send notification to our Clients.
HUNTERS has built a specialized claims expedition framework that is ready to respond when a claim or potential claim is reported. See Claims Advocacy and Expedition
These combined factors will reduce your DOT cost of risk – ranging from uninsured losses to premiums to administration costs.
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DOT Liability Insurance Audit
EXPANDHUNTERS caters to Boards looking for an independent specialist concentration on the insurance for their Directors, Officers and Trustees (DOT’s).
In relation to DOT (Directors, Officers, Trustees) Liability Insurance, HUNTERS offers an independent evaluation and practical explanation of:
- Your limits compared to peer groups by industry, exchange and assets – including commentary for each one
- Corporate structure against “Named Insured” provisions to examine exactly which boards are covered and which individuals
- Current ownership and related director/officer/trustee(s) against policy terms and conditions i.e. insured vs. insured exclusions, majority shareholder exclusions, wrongful dismissal
- Policy structure against a hypothetical case study involving the company itself and individual directors i.e. what claims get paid first, how are defence costs apportioned, who chooses counsel
- Severability terms against a hypothetical case study involving one officer’s knowledge vis a vis disclosure and another involving a criminal signing the application
- Warranties your board made via the application process
- Cancellation and rescinding provisions as they relate to change in control and misrepresentation
- Other policy terms and conditions that could impact your destiny depending on your business – ranging from international policy reaction to an “uncovered” products recall situation
- Your current insurer(s) – financial condition, history, where decisions are domiciled and who makes them. Other insurers – have they ever looked at your account? If they declined in the past – why?
- Your risk transfer costs and self insured retentions compared to peer groups by industry, exchange and assets – including commentary for each one
We will make recommendations for change if you include this in our mandate and only if necessary.
Numbers 1-10 – impact YOU personally
Numbers 1-10 – impact the health of the organization you steward
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Executive Risk Enlightenment
EXPANDHUNTERS caters to Boards looking for an independent specialist concentration on the insurance for their Directors, Officers and Trustees (DOT’s).
HUNTERS offers insurance tutoring to DOT’s (Directors, Officers and Trustees) – either as a board, committee or individually.
We have four basic formats –
- Standard Board of Directors
- Income and Royalty Trusts
Financial Institutions and - Mutual Funds
- Non-Profits
These succinct presentations are designed to arm the purchaser and the user.
In essence, HUNTERS has designed these tutoring sessions to translate “Insurancese” into business English.
Topics range from “Who’s Covered?”, “For How Much?” to “What’s not covered?” ” Who gets paid first” and “Current Cases in the News”.
In fact, there are a range of insurance policies carried by the organization that come into play – we explain how.
For an additional fee, these presentations can be customized to the organization at hand based on their specific insurance program.
For some people, insurance is looked at as “a necessary evil I don’t want to understand”. Without debating the “necessary evil” point, we suggest that it is in your best interest to understand DOT insurance fundamentals.
HUNTERS can help.