Statutory Defence Insurance is a unique policy which provides expert legal counsel and pays the cost of defending charges issued by Regulatory Authorities pursuant to the Provincial Offenses Act, including inspector's orders, as well as a reimbursement feature to pay fines up to a specific limit. The corporation, directors, officers, managers and supervisors.
Coverage applies whether the individual is convicted, acquitted or if the charges are withdrawn.
Deliberate acts in breach of the covered statutes. As a director, officer, manager or supervisor, you have personal liability under the named statutes. This insurance combines expert defence and a fine payment mechanism to protect your personal assets. You may select a lawyer from a panel of counsel approved by the insurance company. In fact, Statutory Defence Insurance is a fully independent line of coverage.