What Do I Need to Apply for D&O Insurance?

If you’re a director or officer of a nonprofit or private/public company interested in Directors and Officers Liability Insurance, then you will need to have the following prepared to get an insurance quote: General information about your company (name, address, contact, website etc.), Your name and title, Background information of the company, Information about employees, Information regarding employee benefit plans, History of pending, civil, criminal, administrative or arbitration proceedings, and Current insurance policies information.

What Does D&O Insurance Cost?

Since the cost of D&O Liability Insurance varies, it’s best to obtain a quote from your insurance broker to know how much it will cost. The cost of Directors and Officers Insurance is based on a variety of factors, including: 1) Type of business, 2) Your company’s revenues, 3) Whether you have prior legal claims, 4) Amount of debt.

Alberta Directors & Officers (D&O) Insurance

Q: Why Do I Need Directors and Officers Insurance?

D&O Insurance protects the personal assets of not only directors and officers of a nonprofit, private company or public corporation, but also their spouses. D&O Insurance protects against suits resulting in actual or alleged wrongful acts.

Q: Is Directors and Officers Insurance the Same as Professional Liability?

No, Directors and Officers Insurance is not the same as Professional Liability Insurance. D&O Liability Insurance policies protect the personal interests of individuals in management positions in public/private companies and nonprofit organizations from being sued due to the impacts of an alleged or actual wrongful act. Professional Liability Insurance protects individuals who offer professional advice or services in the event they make an error or fail to do something while conducting those professional services that results in a suit.

Q: Is Directors and Officers Insurance the Same as Errors and Omissions?

No, Directors and Officers Insurance is not the same as Errors and Omissions. Errors and Omissions Insurance is also known as Professional Liability Insurance. While D&O Insurance protects the personal interests of directors or officers within a company, E&O Insurance protects any individual offering professional services in the event they make a mistake.

Q: Is D&O Necessary?

For many businesses, the cost of D&O lawsuits has become sufficient enough to warrant making Directors and Officer Insurance a necessity. There are a multitude of vulnerabilities that individuals in management positions at private/public companies and nonprofit organizations can be exposed to. It’s best practice to protect your personal interests—and those of your spouse—in the event of a worst-case-scenario.

Q: Why Do Nonprofit Organizations Need Directors and Officers Liability Insurance?

Directors and Officers Liability Insurance is very common in the nonprofit sector. Having this insurance as a safety net protects against the actions and decisions of board directors and officers. Not only does D&O Insurance protect the personal interests of these individuals—particularly if tied financially to the nonprofit—but it also can protect the nonprofit itself in the event of a suit. Depending on the situation and insurance policy, a nonprofit may have to indemnify the accused employees, which can incur a significant financial loss to the organization.

Q: Can an Individual Buy D&O Insurance?

Yes, independent directors can purchase Director and Officer Insurance on their own, without asking their company to do so and without permission from the company. An individual director may feel the need for additional safety or coverage that is not provided by their company or organization.

Business Insurance

Who Should Buy Directors & Officers Insurance

As one of the directors or officers of a public company, private corporation or non-profit organization, your decisions and actions impact all the people who work for you. While this may mean ten individuals or thousands of employees, the bottom line is the same: Your actions have consequences.

Sometimes these consequences are positive and to the benefit of your employees and company. Other times, errors, lapses in judgement and misguided decisions can have serious consequences that result in a lawsuit filed against you personally.

That is where Directors and Officers insurance steps in. This type of business insurance policy is created to protect your personal interests in the event of a suit against you. Even if you’re not the CEO of a multi-million dollar corporation, D&O Insurance is a worthwhile investment because you never know when a choice you make at work can result in you personally being held accountable in a legal action.

Any business with a corporate board or advisory committee should consider investing in Directors and Officers Insurance. Whether you serve as a board member, officer, or executive, having D&O insurance can offer peace of mind and financial protection in case of legal challenges. It's better to have this type of liability coverage and not need it, than to need it and not have Directors and Officers Insurance in Calgary.

Directors & Officers Insurance Coverage Options

Whether you work as a director or officer for a private company, public corporation or non-profit organization, it’s important to have Directors and Officers Insurance to protect your personal assets in the event you are sued. Generally, suits against management are due to the result of a decision or action taken while partaking in regular work duties. Employment Practices Liability is a key coverage option that should be added to all Directors and Officers insurance policies. Not only can Directors and Officers Insurance protect your own interests, but also your spouse’s.

Typically, D&O Insurance in Calgary has three types of policies:

Side A Coverage
Side B Coverage
Side C Coverage

Side-A Coverage

Side-A Coverage is the first insuring agreement of a policy for D&O insurance in Calgary. It provides first-dollar coverage. This can include defense costs and legal fees, settlement costs and financial losses if a suit is successful. Directors and Officers insurance policies with Side-A coverage protect directors and officers against legal costs that are not indemnified or compensated by the corporate entity or company.

Common claim scenarios that may result in using Side-A Coverage from your D&O insurance in Calgary include:

Bankruptcy Claims: The company has declared bankruptcy and does not have the funds to indemnify the director/officer.
Derivative Litigation: The company can’t indemnify the director/officer because one or more shareholders have brought the suit against the directors/officer on behalf of the company.
Regulatory and Criminal Proceedings: It’s important to note that Directors and Officers insurance’s Side A Coverage will protect an insurer unless they have been found guilty of criminal misconduct.
Acts of “Bad Faith”: The director or officer took part in intentionally dishonest acts such as not fulfilling legal or contractual obligations, breach of duty, intentionally misleading another party, or entering into an agreement with no intention of fulfilling it.
Refusal/Wrongful Refusal to Indemnify: The corporation/company has refused to indemnify the directors/officers being sued.

Laws or Statutes that Prevent the Corporation from Indemnifying.

Side B Coverage

Side-B Coverage is also known as Corporate Reimbursement Coverage. It is the second insuring agreement of a policy for D&O insurance in Calgary. It provides reimbursement to the corporation or company that occurs when defending directors/officers from suits. This reimbursement is in accordance with the corporation’s indemnification obligations. Side-B coverage is crucial for protecting the financial interests of the company, as it helps cover the costs associated with legal defense and potential settlements. In essence, this type of Directors and Officers liability insurance coverage acts as a safety net for the corporation when its directors and officers are faced with legal challenges.

Essentially, when a corporation covers the cost of legal fees and defense costs, settlements and financial losses if a suit is successful on behalf of its director or officer, the company can then face significant financial trouble. Even the largest organizations can struggle after indemnifying their officers/directors. Having Side-B Coverage protects public corporations, private companies and nonprofit organizations if they protect their directors and officers with this type of Directors and Officers insurance in Calgary.

Side-C Coverage

Side-C Coverage is also referred to as Entity Coverage because it protects organizations when they are named in lawsuits along with their directors/officers. It is the third insuring agreement of a Directors and Officers Insurance Policy.

This type of Directors and Officers insurance coverage tends to be broader for private companies, as it typically includes protection for the organization itself, its directors, officers, and employees. In addition to lawsuits, Side-C Coverage may also provide coverage for certain regulatory investigations and administrative proceedings.

For public companies, Side-C Coverage tends to only protect against securities claims and is meant to protect a company from shareholder disputes and allegations of securities law violations. This coverage adds an extra layer of protection for corporate entities and their key personnel, offering them peace of mind in the face of legal challenges with this type of Directors and Officers insurance in Calgary.

Directors & Officers Insurance Claims Examples

Having Directors and Officers Insurance in Calgary can protect individuals in management positions in non-profit organizations, public companies and private companies against a variety of claims. A few local examples include:

Claims Resulting from Organization Donors

The Board of Directors of a church was sued by a number of their donors. The donors alleged the Directors misrepresented the financial status of the church. Three donors brought separate suits for repayment of the money lent to the church. The first case settled for $240,000, of which $117,000 was accounted for expenses. The second case settled for $75,000 and incurred $86,000 in defense costs. The last case paid nothing to the claimant but incurred $13,000 in defense costs. The total loss, including defense costs, was more than $530,000.

Third Party Lawsuits

An organization filed a suit against a foundation and its Board of Directors for improperly infringing upon the organization’s intellectual property rights. The organization filed a suit asking for injunctive and monetary relief for the improper use of trademarked property during a fundraiser. The claim was settled, and the total loss, including defense, was more than $400,000.

Employee and Volunteer Suits

The most common claims made by employees and volunteers can include:

Discrimination
Harassment
Wrongful termination
Retaliation
Hostile work environment

For example, a former employee of a company discovered illegal transactions involving retirement funds. Shortly after reporting the violations, she was terminated by her employer. The employee filed a suit alleging retaliation and wrongful termination. The claim was settled for more than $80,000 and the total loss exceeded $100,000.

Claims Made by the Beneficiaries and/or Clients of an Organization

A discrimination suit was filed against the Board of Directors when the claimant, who was a resident at a drug and rehabilitation centre, requested a transfer within the housing complex. The claimant alleged discrimination based on national origin, religion and sex. The case was dismissed due to a lack of evidence, but more than $10,000 was paid in defense costs.

Claims Against Directors to Protect the Members’ Interests

A law enforcement fraternity began proceedings to have a member removed from the organization. This member then sued the organization to have the proceedings halted. There was no monetary settlement, but the defense costs were still around $15,000.

All these examples demonstrate why it’s important to have comprehensive Directors and Officers insurance in Calgary. In today's litigious society, having this specialized coverage can help protect business leaders from personal liability risks and financial ruin. Whether it's a lawsuit related to employment practices, regulatory proceedings, unpaid wages, or management errors, having D&O insurance in Calgary can provide crucial protection for directors and officers.

Frequently Asked Questions

Why Do I Need Directors & Officers Insurance in Calgary?

Having Directors and Officers Insurance in Calgary helps to protect the personal assets of not only directors and officers of a non-profit, private company or public corporation but also their spouses. Directors and Officers Insurance protects against suits resulting in actual or alleged wrongful acts. Some groups/individuals who can sue on these grounds include:

Employees
Donors
Members
Beneficiaries
Volunteers
Investors
Customers
Other third parties

What Do I Need to Apply for Directors and Officers Insurance in Calgary?

If you’re a director or officer of a non-profit or private/public company interested in Directors and Officers Liability Insurance, then you will need to have the following prepared to get an insurance quote:

General information about your company (name, address, contact, website etc.)
Your name and title
Background information about the company, including:
- Length of operation
- Nature of business
- Stock ownership
- History of changes in management
- Information about shareholders
- Recent acquisitions
- Bankruptcy
Information about employees, such as:
- Total number of employees
- Total salary expense
- Turnover rate
- Number of unionized employees
- Areas with the highest number of employees
- Recent layoffs
Information regarding employee benefit plans
History of pending civil, criminal, administrative or arbitration proceedings
Current insurance policy information

What Does it Cost to Have Directors and Officers Insurance in Calgary?

Since the cost of D&O Insurance in Calgary varies, it’s best to obtain a quote from your insurance broker at Krywolt Insurance to know how much it will cost. The cost of Directors and Officers Insurance in Calgary is based on a variety of factors, including:

Type of business
Your company’s revenues
Whether you have prior legal claims
Amount of debt

Is Directors and Officers Insurance the Same as Professional Liability?

Although both Personal Liability Insurance and Directors and Officers insurance in Calgary aim to protect individuals from legal claims, having Directors and Officers Insurance is not the same as having Professional Liability Insurance.

D&O Insurance in Calgary protects the personal interests of individuals in management positions in public/private companies and nonprofit organizations from being sued due to the impacts of an alleged or actual wrongful act. These policies typically cover legal defense costs and any potential settlements or judgments. In addition, they can provide financial protection for the organization itself in the event of a claim.

Professional Liability Insurance protects individuals who offer professional advice or services in the event they make an error or fail to do something while conducting those professional services that result in a suit. It provides financial coverage for legal fees, court costs, and damages awarded to the claimant if found liable. Unlike Directors and Officers Insurance in Calgary, Personal Liability Insurance is designed to protect individuals from claims made against them personally rather than claims made against their professional roles within a company.

Is Directors and Officers Insurance the Same as Errors and Omissions?

Although both Directors and Officers Insurance and Errors and Commissions both aim to protect businesses, they serve different purposes. Errors and Omissions Insurance is also known as Professional Liability Insurance. While Directors and Officers Insurance protects the personal interests of directors or officers within a company, E&O Insurance protects any individual offering professional services in the event they make a mistake. This type of coverage is especially important for professionals, such as doctors, lawyers, and financial advisors, who provide advice or services to clients. The main goal of Errors and Omissions Insurance is to safeguard professionals from potential lawsuits arising due to errors, negligence, or omissions in their work.

This contrasts with D&O Insurance in Calgary, which safeguards the personal assets of directors or officers in a company in the case of claims against them in their professional capacity.

Directors and Officers Insurance vs. General Liability: How Are They Different?

General Liability Insurance covers the cost of property damages or personal injury as the result of a product or service. This type of insurance policy differs from Directors and Officers Insurance, which covers the resulting legal fees, defense costs, settlement costs and financial losses of an individual who is a director/officer with a company and facing a suit for alleged or actual wrongful acts.

Is Having Directors and Officers Insurance in Calgary Necessary?

For many businesses, the cost of D&O lawsuits has become significant enough to warrant making Directors and Officers Insurance a necessity. There are a multitude of vulnerabilities that individuals in management positions at private/public companies and nonprofit organizations can be exposed to. It’s best practice to protect your personal interests and valuable assets—and those of your spouse—in the event of a worst-case scenario.

Insurance is ultimately meant to provide you with a safety net in case the worst occurs—you wouldn’t drive a car without auto insurance in case you got into an accident after all. Even if you don’t end up needing Directors and Officers insurance, Calgary business owners can benefit from the peace of mind that comes with having this coverage in place.

When Does a Small Business Need Directors and Officers Insurance in Calgary?

Even if you are not a multi-million dollar corporation employing thousands of people, it’s still a good idea to consider getting Directors and Officers Insurance in Calgary. Although larger companies tend to have more risk—as the bigger the company, the greater the likelihood that something may go wrong—as employees gain a greater understanding of their rights, lawsuits against directors and officers are increasing. It’s always better to be safe rather than sorry and protect yourself before being the recipient of a suit.

Why Do Nonprofit Organizations Need Directors and Officers Insurance in Calgary?

Directors and Officers Insurance is very common in the non-profit sector, as having a board of directors is common practice for these types of organizations. Unfortunately, in their quest to do good in their communities or serve a greater cause, the individuals who sit and serve on these boards are opened up to personal liability in the worst-case scenario. Having this type of insurance as a safety net protects against the actions and decisions of board directors and officers. Not only does Directors and Officers Insurance protect the personal interests of these individuals—particularly if tied financially to the non-profit—but it also can protect the non-profit itself in the event of a suit. Depending on the situation and insurance policy, a non-profit may have to indemnify the accused employees, which can incur a significant financial loss to the organization.

Can an Individual Buy Directors and Officers Insurance in Calgary?

Yes, independent directors can purchase Directors and Officers Insurance on their own, without asking their company to do so and without permission from the company. An individual director may feel the need for additional safety or coverage that is not provided by their company or organization. Getting D&O insurance in Calgary allows them to have a personal insurance policy that covers their own liabilities and protects their personal assets in the event of any legal action or claims against them as part of their time serving as a member of that organization’s board of directors.

Does D&O Insurance in Calgary Cover Breach of Contract?

No, Directors and Officers Insurance policies do not cover breach of contract claims, as parties entering into contracts voluntarily accept the associate risk and potential for liability that the contract will be breached. Directors and Officers Insurance policies typically cover claims related to alleged wrongful acts, errors, negligence, or omissions committed by the directors and officers of a company. Insurance for breaches of contractual obligations is usually obtained through policies such as Professional Liability Insurance or Errors and Omissions Insurance, as these are meant to help protect businesses from legal claims related to their failure to fulfill contractual obligations.

Assess Your Risk And Get Insured

Let's Work Together

You need an insurance expert that understands Directors & Officers Insurance to be able to define all the possible risks associated with your business so you get the best possible coverage to ensure that a single simple accident or oversight doesn’t overcome your business. You know your business, we know the risks and the ways to protect your business from potentially crippling law suits or loss.

We don’t offer instant online quotes for Directors & Officers Insurance because there is no way we can get to know you and your business without speaking to you and coming to understand all the complexities or simple processes that need to be insured.

Compare & Save On Your Directors & Officers Insurance

Why Krywolt Insurance?

• Personal Attention
• Exclusive Client Management
• You’ll receive a competitive rate on a suitable policy year after year
• Krywolt Customer Care
• Access to all Major Insurance Providers
• We act for you – not the insurance company
• We’ll obtain multiple quotes for you on suitable policies from leading insurance companies and underwriters
• You receive responsive friendly service.
• You’ll have us in your court if you need to claim
• We’ll do the leg work for you!

shane hallissey

February 15, 2024

Sheryl Ann

February 13, 2024

There are literally no words to express the Customer Service I have received over the past few years from Sarah L. Friendly, Helpful, Efficient, Professional and Patient just does not do her justice!! Yes, I said patient! The amount of times I email her with the exact same questions and requests :-) I can honestly say I have never encountered such stellar customer service in my life. Thank You Krywolt, you hire the best people!

Paul Heynen

February 3, 2024

Thank you Morgan Anderson for being the best in the insurance business. You have no clue how much I appreciate the customer service you’ve provided me, and my business. Not to mention,the best rates out of everyone I shopped. If anyone out there wants to deal with a stellar human for business insurance, home, vehicle. This is your girl. Much love sista. 🙏🥰

Terry Beaud

February 1, 2024

Every person I've dealt with at Krywolt have been very professional, resourceful and friendly. I am so very happy having them as my broker. Special hats-off to Sarah and Ryan. I highly recommend them. Thank you !!

Dennis Tinkler

January 24, 2024

Very professional and responsive team. Highly recommend!

Daniel Keuning

January 23, 2024

Sarah does good work. We appreciate her.

Natsumi Sawada, PhD

January 19, 2024

Sarah at Krywolt is knowledgeable, professional, helpful, and kind. Really appreciated Sarah's generous assistance with sorting through an insurance matter. Great experience.

Jackie Marie

January 10, 2024

Krywolt Insurance is a fantastic group of people doing great work. They found mistakes that the other broker made and got our insurance rate much much lower. Thank you for your care, friendliness and knowledge.

jill hart

January 9, 2024

Samantha Mathieson

January 4, 2024

Sarah from Krywolt was so helpful and quick to help when a previous broker had left us in the lurch. She helped me secure the insurance we needed in a matter of days and right before Christmas.

Chad Archer

December 4, 2023

Darren and the rest of the Krywolt team are true professionals. They provide the options I need as well as the support with prompt answers that are sometimes required.

Carly Takeda

October 19, 2023

Krywolt offers a high quality insurance service and has exceeded expectations in every way. Every interaction has been met with the upmost level of professionalism and efficiency. As a new business owner they were incredibly helpful in answering any questions we had, and were timely and diligent in having all our needs and requirements met at the time of our annual renewal. I can say with confidence they take care of business. Our account manager Sarah Lefebvre has been an absolute pleasure to work with, is incredibly on the ball with all communications, and has ensured anything we've needed was taken care of!

Cactus singh

September 14, 2023

Pierre Lesage

August 25, 2023

They are just incredible

Connie Choi

August 1, 2023

Thank you Keri Myers for setting up my new auto policy so efficiently. I know summer time is a busy time of year for everyone but you made my experience seamless. It’s a pleasure coming on board with Krywolt Insurance through a reference that said this company is friendly and amazing to work with. Your timely response to emails and friendliness matters to someone like me having the courage to end my old insurance company which I was very loyal to since I started to drive as a teenager and I’m in my 40s now ! Kindest Regards, Connie Choi

David McKeone

July 27, 2023

Krywolt has been great to work with. Always keep annual insurance up to date, and they've been very responsive to questions!

James Hall

July 1, 2023

I cannot express enough how helpful this broker firm is. I specifically deal with Dwight Clink for all of my business needs. I have dealt with many brokers, NO ONE has ever stepped up to the plate with such amazing service. Iam a very busy owner and Dwight helps me immensely with many tasks without question. Thoroughly professional in every manner. One time I was out of out of the city on a Saturday and needed documents prossceessed. I emailed them expecting not to hear back until the following week and to my utter disbelief two members of the team reached out to help me!!! Now that is service.

Loreli Garrett

June 28, 2023

Dwight is always available for my questions and concerns and is quick to reply. The service is exceptional and always friendly. Highly recommended.

Janice Permann

June 22, 2023

I have been dealing with Dwight Clink from Krywolt Insurance for the past couple of years & have found him to be nothing short amazing He has helped me every time I have had any issues or needed any information. I know I can always count on him to be helpful & efficient with all my questions & needs which he answers in a timely manner. No matter how big or how little, he makes me feel like I am his priority. Thanks Dwight for your awesome customer service.

N A

January 13, 2023

I have been dealing with Krywolt insurance for the past five years and have always had a great experience whenever I need to make updates or just to get information about policy coverage or to add on riders for specific events. Ask for Morgan if you are looking for rock star service from a commercial account executive with Krywolt. She is super knowledgeable, efficient and a great person to deal with.

Integrity Tile & Stone

December 16, 2022

Where do I start? Had my company vehicle ins with Brokerlink/Intact, but company CGI with Krywolt where I dealt with Sarah Lefebvre. I received our company auto renewal and it went from $1700 a year to $4900 a year!! I contacted my broker and asked why the insane increase and told him we can't afford this!! After a few hours, he called back and said he tried everything, but there is nothing he could do :-( Even though Sarah only handles our Commercial Ins, I emailed her and said "HELP" To make a long stressful story short, Sarah worked her butt off, trying to find out why the huge increase and see if she could get me a better deal. Of course, as soon as my Brokerlink rep found out I had gone someplace else, all of a sudden he found me a better deal !!?? BUT Sarah found an even better deal! I have never received such incredible personable customer service from an insurance broker in all my years of needing insurance. She has assisted me in other situations before all this as well which is why I reached out to her on this. I don't know about anyone else, but I feel having a broker who you can trust and communicate with is crucial! Thank you Sarah for everything you did for me! and thank you Krywolt for hiring her :-) Give this girl a raise :-)

Amur Abdulghani

November 25, 2022

We would truly refer Krywolt Insurance to our friends and family. A sincere, friendly and wonderful service only is only the beginning of what you can expect from them. A special mention to our account manager AK. He has been fantastic to say the least.

Angela Cox

September 26, 2022

Sarah L is amazing. She is so attentive and quick to respond. She is knowledgeable and keeps up to date on our account. Insurance is important and you want to feel like the person you are talking to will make sure you are protected, Sarah definitely does that. I have been with Krywolt for many years and am very happy with the service I receive. Thank-You!

Doug Haller

September 21, 2022

Krywolt has been a fantastic company to work with. Sarah has taken such good care of all my personal and company accounts. Always same day service when I need it. I can rest knowing that Sarah has my back !!!

Steve Strube

September 20, 2022

I was referred to Krywolt several years ago by a business associate. I was very happy to enjoy a level of personalized service that my previous broker had forgotten over the years. After many years, I am still enjoying the same personalized service. Thanks Sarah!

Wendy Wright

September 20, 2022

Sarah is the best !! Always helpful and provides excellent service !

Alexis Miller

September 19, 2022

Sarah L. provides good service, she is very responsive, i feel like my insurance needs are being met or better yet exceeded, she explained thoroughly my buisness liability insurance. So I feel secure in the insurance I have purchased is right for me.

Robert Noseworthy

May 3, 2022

I chose Krywolt because of the positive reviews and I was not disappointed. Thank you Morgan!

Sharon Numerow

April 5, 2022

Love dealing with Krywolt and Amit Pandhi. They were great from the outset and after a year of dealing with Amit, I cannot say enough about how responsive he is and how wonderful he is to deal with. We switched from AMA over a year ago as their car insurance rates skyrocketed but as a broker, Amit was able to get me great rates for 2 homes and 3 vehicles. Wouldn't hesitate to recommend Krywolt and Amit. Dealt with Morgan when I first inquired and she is also terrific.

Ehinomen Iria

November 18, 2021

using Krywolt Insurance Broker has just been the best, They are professional ,highly responsive and the best part is you get the best value out there... there is a great guy there named Amit. He's good at what he does.

chris

November 2, 2021

Was left frustrated and angry working with other brokers to find the right policy until I found Morgan at Krywolt. Morgan has a can do attitude and is always accessible when needed. Nice work Morgan, keep up the super work and positive attitude!

Debra Van

September 17, 2021

Morgan Anderson was amazing to deal with. She handled my request with insurance in a timely manner and has exceeded all my expectations. I recommend Morgan Anderson to anyone who needs this service to help grow their commercial business. I will use Morgan to handle all my future insurance expectations. Thank you Morgan!!

Hazel Robinson

September 16, 2021

Great dealing with AK who is patient, efficient and very helpful. I appreciate the help provided with the insurance on my new house

Joseph Vinatieri

September 1, 2021

Morgan Anderson has been such a pleasure to work with. We set up our business and auto insurance through her. We came to her with a complicated situation and she was extremely knowledgeable and thorough. I highly recommend going with her for any personal or professional insurance needs! Thanks again Morgan!

Jordan & Catlin S

August 26, 2021

Emma Gutsche

July 16, 2021

I went to Krywolt because of the high Google reviews. I was right to do so! Dan made the process easy on me, found great coverage and at an amazing rate. Dan is incredibly knowledgeable and friendly. I am happy to know that my company is well protected and that's thanks to Dan!

Calgary Event Staff

July 7, 2021

Krywolt saved my business and has renewed my faith in the insurance industry. Dan is more kind and knowledgeable than anyone I've dealt with in the decade I've had my business and took the time to give me multiple options for things like ways to sign the paperwork online or in person and payment plans if needed. He also patiently and gladly walked me through anything I didn't fully understand. I can't say enough good things about how wonderful Krywolt has been to deal with. I tried 4 other companies trying to get my business insured after Covid shut us down for 1.5 years, I thought we were done for good as no one was able to help. (My biz doesn't fit in an easy box to insure.. or so other companies told me) Then as a last ditch effort I spent a whole day researching reviews for almost every broker in town and found Krywolt! Dan answered the phone when I called just to see if my online form went through - Instead of talking down to me and telling me to wait for a response he chatted with me for 20 minutes on the spot and within a few hours he had me insured with a company who specializes in my hospitality industry. No other broker I've talked to even knew about them... and they certainly didn't have any answers or keep me in the loop about how it was going after a week or more of waiting. I've been gaslighted, strait up lied to and talked down to by other brokers in the past few weeks, needless to say I was deflated before I found Krywolt. I didn't know a company in this industry could be so welcoming, Krywolt is a breath of fresh air and has inspired me to be better in my own business. Don't hesitate to fill out the form online or give them a shout. You will receive 5 star service and if you've ever dealt with other companies I bet you any money you will wish you had found them earlier.

Jenness McGrath

June 24, 2021

I have had to deal with a few different insurance companies and I have to say the level of responsiveness and personal care I received was outstanding. I've been working with a lady named Morgan. She seems to have a very good way people. I know she has more clients but she makes it seem like I'm the only person she has to deal with. Keep up the great work.

Dale Ewashen

May 1, 2021

I recently purchased a 2006 Peterbilt hi-way tractor & was in the process of getting it insured, wow did I get an eye opener. I spent 2 days phoning my insurance company and all others that I could find, 60% wouldn't touch me, the other 40% wanted the most ridiculous amount that it barely warranted putting it on the road to work, with a 40% to 70% deductible if anything happened!! After the Humboldt nightmare no one wants to talk to you. Trucker friend of a trucker told me to get ahold of Krywolt Insurance in Calgary they can help. Phoned & got ahold of Dan Hannaford, got talking & unreal Dan talked to Darren that owns Krywolt Insurance & it turns out that his grandfather and dad owned Krywolt Insurance in the Crowsnest Pass in Coleman. I remember old Al Krywolt when I went to insure my first car a 1964 Ford Galaxy. Al knew we were starving young boys working in the underground coal mine in those day, first time insuring a vehicle, old Al would always cut us a deal to get us on the road, just used to tell us just don't crash eh. However dealing with Dan Hannaford at Krywolt Insurance in Calgary within a day & some paperwork emailed and my Peterbilt hi-way tractor was insured the same day & here's the best part of the whole deal, their rates were 60% to 70% lower than any of the closest competition, did that ever make my day. Dan & his people at Krywolt Insurance were the kindest, most knowledgeable, & helpful people I've dealt with, no such thing as NO, just give me an hour & I'll be back to you. Imagine hooking up with the same people my parents & I dealt with nearly 40 years ago. Thank you very much to Dan & the people at Krywolt Insurance in Calgary for being a super big help for me. Highly Highly 100% recommended Thanks Everyone!!!!,👍😃

Alex Bendel

March 18, 2021

Great response time, very friendly staff. Only giving four stars because I found a cheaper insurance rate elsewhere

Shannon Voros

March 17, 2021

Morgan goes above and beyond from a personal level to a business level working with her on both sides. I’m impressed with her knowledge and ability to find insurance solutions for her clients. Service and customer focus is top-Notch! Kudos to Krywolt and Morgan!

Mohamed Ahmed Ahmed

February 23, 2021

Our business nature requires clients satisfaction with our insurance documents. Morgan always helps us almost instantly every time we request a change to satisfy a client's requirements. I personally used to shop around for better deals but now with Morgan, I can focus on my actual professional work knowing that I will get the best deal and best advices for my insurance needs. Always top notch services, thanks a lot

C Prins

January 28, 2021

I am very impressed with Krywolt Insurance. They have helped my small-business stay appropriately protected and have even refunded a portion of my fees to help relieve some difficult circumstances in this past year.

Corey Maetche

January 22, 2021

Morgan is just a gem of a human! Always there to help me whenever I need, no questions asked. One of the most knowledgeable commercial brokers I've come across, plus sh'e a really good friend. Thanks again for everything Morgan!

Shawn Merkley

January 20, 2021

I have now dealt with Dan on a coupe of occasions for my insurance needs. He's really great to deal with and takes time to answer any questions or concerns. If you're looking for an insurance broker that is not only going to get you insured but will also advise you along the way call Krywolt.

Jen L

January 19, 2021

Morgan has done a great job taking care of the commercial insurance needs of many of the business owners that I refer to her. I really appreciate her knowledge and attention to detail. She is able to answer all their questions and give them the best options available to suit their insurance needs.

Janie Delorme

January 12, 2021

I can't say enough positive things about Morgan Anderson at Krywolt Insurance. She went above and beyond for my companies Commercial Insurance. In a time with Covid causing hardship to a small business, Morgan took her time with renewing my policy and found insurance that covered everything I need at a price I could afford. I recommend Morgan to anyone looking for insurance, she goes above and beyond! Thank You for all that you do.

Roger Foster

November 12, 2020

These folks are the best! They have saved me money, and found ways to get the insurance we need by going the extra mile! :-)

sarah Lefebvre

November 5, 2020

Kamal did my property and auto insurance and she was a pleasure to deal with, fast response and great price! Highly recommend.

Helen Ward

October 28, 2020

Ashley Quiring at Krywolt Insurance Brokers, Calgary, AB has been so helpful & professional. She was also courteous & quick to respond to our needs! Thankyou Ashley 👍

Shwa Norrie

October 21, 2020

I'd absolutely recommend Krywolt, especially Kamal who was fantastic, helpful and responsive throughout. Moving to Canada from the UK meant that some brokers from other companies found it difficult to apply my license from the UK to my Canadian insurance but Kamal went through it brilliantly.. Thank you again.

Michael Murray

October 16, 2020

I was dealing with Ashley throughout my experience which was second to none! I reached out-to many different companies. I received other quotes which were slightly more competitive, but the customer service was terrible. Ashley was prompt and understanding in which a quote was provided immediately and helped me through my experience. I would certainly recommend.

Heather Russell

October 7, 2020

I had a great experience with Morgan Anderson with Krywolt. She went above and beyond to get the best insurance deal for my family, Very professional and quick. I highly recommend her and this broker!

Norm Lacourse

October 5, 2020

I have been dealing with Krywolt Insurance for a few years now. I typically deal with Ashley, who has always been amazing. Recently she had some time off and sadly I did notice a drop off in service. Thankfully she is back to work now and she is hands down the best insurance broker I have ever dealt with. She is knowledgeable, prompt, and professional. This 5 star rating is solely because of how great Ashley is at her job!! Thank you Ashley

Cliff Elarco

October 3, 2020

I have worked with Morgan for serveral years and with her professionalism and expertise she provided me with exceptional service everytime! From recommendations to further understanding policies I have never felt more comfortable with an insurance broker. Thanks Morgan for all the help you've given me all these years.

Rizzabeth Dang

September 29, 2020

Sherry has been absolutely amazing!! Professional and best of all very informative. She has helped us understand how insurance works and actually leaves us feeling with more answers than questions. I highly, highly, highly recommend Krywolt insurance over other places. We’ve had insurance with other brokers for 20+ years but, this is the first time we actually feel confident that our brokers are there for us and helps us understand why we pay the premium fees that we do. Thank you so much Sherry!!

Krista Morrissey

September 29, 2020

I have been working with Ashley for a number of years now , she is extremely professional, sweet and wonderful to do business with! She has always found us the best prices with great coverage ! I absolutely love how knowledgeable and quick to get answers she is ! Highly recommended Ashley at Krywolt insurance!!

Joanne Bai

September 28, 2020

I had great experience with Krywolt Insurance through Sherry Thompson. She's very knowledgeable with the insurance domain, responsive to emails and questions, and had been super patient with me. She was actually the reason that made me choose Krywolt Insurance over the other two brokers. Thank you very much Sherry for being so helpful.

Raymond Gill

September 28, 2020

I've been with Krywolt insurance for many years and have had a great experience with them. They have a outstanding team and are always punctual and professional. I highly recommend! Sherry Thompson is my agent and my experience with her is why I gave it a 5 star!

Brittany McDade

September 28, 2020

Ashley is our broker and she is FANTASTIC! Anytime anything insurance related comes up it is always easy to get in touch with Ashley and she deals with our concerns immediately. She goes above and beyond to make sure her clients get the best customer service from her and the greatest rates from insurance providers. We highly recommend Krywolt Insurance Brokers and Ashley specifically as a great company and person to answer insurance needs 👍

Speedy Hootsman

September 28, 2020

I've used Krywolt for a few years now for all my insurance needs and I've gotta say they're second to none. Ashley W. is something else when it comes to customer service, anytime I need any information whether it's small or large Ashley is quick to respond and beyond friendly. I highly recommend Krywolt Insurance, especially if you get Ashley as your rep.

Jon Wright

September 28, 2020

Great staff and wonderful service, Ashley Wright will go above and beyond for you. You’re in good hands when you’re with Krywolt insurance.

Mike Legin

September 28, 2020

Very professional, easy to deal with and do their utmost to accommodate when possible. I often deal with Ashley as she is quick to take charge of the matter at hand and get back to me asap.

Kelsey Keys

September 28, 2020

I would like to share my good experiences with Ashley Wright. She is dedicated , polite hard working , makes extra effort to satisfy her customers. She is attentive to details and knows she job well.I would recommend his services to anyone.

Laureen Kovach

September 27, 2020

Ashley Quiring is great at what she does. She is very knowledgeable and always gets back to me the same day. I would highly recommend using Ashley for all of your insurance needs.

Tiana Bellingham

September 26, 2020

I have been dealing with Ashley at Krywolt for almost two years and she has been great. Ashley is quick to respond, has always been able to answer my questions, and is incredibly efficient. I never worry about insurance related questions/issues, because I know that Ashley is always there to help.

Stephenie Raba

September 26, 2020

Ashley Wright has been my broker for a very long time now and she always goes above and beyond, always super helpful and timely with any questions or concerns. I couldnt imagine working with any other company or broker since working with her!

sexstone86

September 26, 2020

Have never had a complaint about the customer service Ashley Wright provides. Always easy to get a hold of and always very good at explaining things and finding the best policy for my needs. I recommend her to anyone I know and even to those I don't.

Kathryn

September 25, 2020

Dan and Morgan are 2 of the most competent and pleasant people I've worked with. They are quick to respond, thorough and lovely to deal with. I am fully confident with our insurance in their hands.

Tyler DeGagne

September 3, 2020

I have worked with Dan for over a decade with my business in Calgary and in Edmonton. Dan is a true professional and really Builder's after my best interests. I can count on him to provide documents very quickly for our bidding and tendering. He can also be counted on to provide general advice. Dan and his team at Krywolt are an invaluable partner to us at Lionsgate Builders. I would highly recommend them for your business or personal needs. Very trustworthy. Thanks Dan!

Carly & Justin Cote

September 2, 2020

Great service. the staff is very friendly and knowledgeable.

Linda Reynolds

September 1, 2020

Krywolt Insurance Brokers is the absolute best in the insurance business! I highly recommend them for Business and Personal insurance requirements. Darren Krywolt, Dan Hannaford, and Sherry Thompson work extremely hard to determine the appropriate level of insurance required for the best price. Eagle Engineering Corp has carried comprehensive insurance for Commercial, Vehicle, and Professional Liability with Krywolt since they began. I personally have my home and vehicle insurance policies with Krywolt (arranged through Ashley Wright) so I have a high level of peace-of-mind knowing I'm well looked after.

Gillian Ellwood

August 25, 2020

Sherry with Krywolt is the best! She is so nice to work with and very professional. With all our dealings with Krywolt as a company, they have always been prompt and patient in every step. Highly recommend!

Zahid Abdullah

August 21, 2020

Highly recommend Krywolt insurance!, I've worked with Kamal Grewal as my broker and I always get quick, complete and friendly responses , she went above and beyond to find me the lowest rates with all the coverage I needed for my new vehicle. This was my first time having insurance under my own name and she made the process very easy for me. She is very quick to reply and was happy to answer any questions . I highly recommend Kamal to anyone looking for an insurance broker she is great!

Aaron Dias

August 18, 2020

Fantastic Brokers. They got back to me quickly and Ashley made the whole process as easy as it could be.

Matt Green

July 31, 2020

I worked with Ashley and Dan on a variety of insurance products. They were fantastic to work with: super knowledgeable, patient, excellent at explaining coverage options and finding the best balance of price versus coverage. They have access to a wide variety of products and markets so this is a one-stop shop. You will not be disappointed with these pros.

Taryn

July 29, 2020

I worked with Ashley and she went above and beyond to find me the lowest rates with all the coverage I needed for my new vehicle. This was my first time having insurance under my own name and she made the process very stress free and easy for me. She is very quick to reply and was happy to answer any questions I had throughout the process. I highly recommend Ashley to anyone looking for an insurance broker she is great!

Thomas Bye

July 27, 2020

Great company to deal with providing great advice and policies at good prices. Would recommend to anyone looking for business insurance

Anastasia Soskovets

July 8, 2020

Highly recommend Krywolt insurance! After calling numerous insurance brokers they were able to get me the best deal! Great thank you goes out to Kamal for accommodating all my needs and being extremely patient with my particular situation! Very helpful and professional :)

Alex Calgary

July 7, 2020

Excellent customer service. Last time I've talked with Kamal and today I talked with Ashley. Ashley went above and beyond to help me to find best quotes possible for my car and home insurance. I was impressed with Ashley's patience and knowledge as I had a million questions. Highly recommend this company for all your needs.

Iftikhar Wainse

June 29, 2020

A friend referred me to them and it was totally worth talking to them. Sherry made it really convenient for me to get business insurance. Very professional and responsive people.

GORDON FLUG

June 8, 2020

In 2019 i switched my business insurance over to Morgan Anderson at Krywolt and this year in 2020 i have switched both of my vehicle insurance policies over to Morgan again. She is an absolute pleasure to deal with - friendly, very quick to respond, professional. It is great to have one person to deal with instead of having to have multiple people for our various insurance needs.

Taylor Gudzowaty

June 4, 2020

I've had the pleasure of dealing with Kamel over the last 2 days and her professionalism and kind spirit made my experience a very positive one. i will strongly recommend to her to my close friends and family!

Emmy Velandra Georgianna

June 1, 2020

I had a fantastic experience using Krywalt. Kamal was very informative on what I needed to provide on my end, and the process that needed to happen to insure I received the best price for insurance. She was professional and very fast. I would definitely recommend anyone looking for hassle free and great price insurance to go through her and this company.

Sumir Saini

May 29, 2020

I have had the pleasure of dealing with Dan at Krywolt Insurance on a number of occasions respecting my corporate insurance policy. He has proven to be very knowledgeable, honest and timely with all my concerns. I would highly recommend both Krywolt and Dan if you are looking for a high level of personal service and honest advice.

Cara Bennett

May 29, 2020

Sherry was amazing. Very patient, gave thorough explanations on the policies, and helped with great savings. Thank you Sherry!

Bhupinder Mann

May 29, 2020

Sherry is so good whenever I need any document any queries she always helps us , such a amazing work sherry , thanks alot,good quality , professional, response, great value.thanks

Jim Freer

May 29, 2020

My wife and I were new to Canada from the UK. Therefore we had more difficult situations to setup our car insurance and our camper van insurance and trying to include our driving history. I can only honestly say that all the time Kamal went the extra mile, and was impressively responsive and professional, to help us with our car and house insurance needs. It is not in anyway exaggerating to say that Kamal has saved us thousands of dollars, particularly for our camper van, compared to other Canmore/Calgray broker quotes we were getting. I would not hesitate in recommending Kamal to anyone I know (and indeed I have already done so). We are very grateful to have Kamal as our insurance broker, it's rare to find someone so helpful in my experience (and I am 53 years old!), best wishes Professor Jim Freer

Jason Szott

May 29, 2020

Morgan was instrumental in helping me get the proper insurance i need on my house and vehicles. I would recommend her in a heartbeat!

Joel Park

May 28, 2020

Great company and team of people. We have been dealing with Darren for 6 years now and is always a pleasure. Jocelyne and Sherry are professional and responsive and they get things done quick and efficiently. I would definitely recommend them to anyone looking for outstanding service and the best prices.

Crystal Dyck

May 28, 2020

Wendy was amazing! She helped figure out exactly what I needed and got me the best policy! Who knew getting insurance could be so easy. Thanks Wendy!

Austin Hannaford

May 28, 2020

After having dealt with two different insurance brokers, Krywolt was my number one pick as they are very responsive and professional. I have worked directly with many of their staff, however I would highly suggest Dan Hannaford if you are looking for someone who knows his stuff and will do his best to get you the client what you require. They are a no joke insurance broker who will tell you upfront the real costs associated with your project. I highly recommend them to anyone who is in need of insurance.

Executive Training

May 27, 2020

As a new business owner I didn't fully understand the requirements for commercial insurance, however after calling Krywolt and speaking with Dan he was able to guide me through the process. His knowledge and experience was second to none and he made the process so easy. I called around to other firms and no one else was able to provide me with the recommendations I recieved from Dan. This is the place to call if your looking for insurance.

Heather Jamie Hannaford

May 27, 2020

We worked with Dan on setting up commercial vehicle insurance and it was a fantastic experience. Dan was very knowledgeable and made suggestions that improved our coverage and provided better protection for our company all while finding us the best price. Dan was very responsive to our inquiries and always got back to us quickly. Are experience with Dan was very positive and we highly recommend Krywolt insurance.

Diana B

November 7, 2019

I can’t say enough good things about this company and their representatives - especially a big shout out to Melaine!!! Their efficiency is over and beyond and they made all my insurance requirements big or small the easiest thing to do not to mention they saved me money by combining my coverages. Thank you all at Krywolt!

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Directors & Officers Insurance

Who Should Buy Directors & Officers Insurance

Directors & Officers Insurance Coverage Options

Side-A Coverage

Side B Coverage

Side-C Coverage

Directors & Officers Insurance Claims Examples

Claims Resulting from Organization Donors

Third Party Lawsuits

Employee and Volunteer Suits

Claims Made by the Beneficiaries and/or Clients of an Organization

Claims Against Directors to Protect the Members’ Interests

Frequently Asked Questions

Why Do I Need Directors & Officers Insurance in Calgary?

What Do I Need to Apply for Directors and Officers Insurance in Calgary?

What Does it Cost to Have Directors and Officers Insurance in Calgary?

Is Directors and Officers Insurance the Same as Professional Liability?

Is Directors and Officers Insurance the Same as Errors and Omissions?

Directors and Officers Insurance vs. General Liability: How Are They Different?

Is Having Directors and Officers Insurance in Calgary Necessary?

When Does a Small Business Need Directors and Officers Insurance in Calgary?

Why Do Nonprofit Organizations Need Directors and Officers Insurance in Calgary?

Can an Individual Buy Directors and Officers Insurance in Calgary?

Does D&O Insurance in Calgary Cover Breach of Contract?

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