Insurance Issues Finally Settled for Directors of Charities - Most directors of charities want insurance to protect themselves and their assets. For several years, there has been doubt as to whether directors and officers liability insurance can legally be purchased by charities. Some have purchased the insurance and have worried about it: others took the cautious approach of not purchasing it. In most cases, directors and officers liability insurance can be legally purchased in Ontario if proper authorization is obtained. We have summarized the changes in the law and have recommended steps to be taken before directors and officers liability insurance is obtained.

type Not-for-Profit Law Alert - Summer 2001