Liability Insurance

Directors & Officers and Employment Practices Liability Insurance

Microboards funded through Community Living BC (CLBC) are responsible for Directors & Officers (D&O) Liability Insurance and Employment Practices Liability (EPL) Insurance.  Below you will find some helpful information on how it works and where to get it. 

Directors and Officers (D&O) Liability Insurance

D&O liability coverage is for all defence costs and damages (awards and settlements) that are incurred from wrongful act allegations and lawsuits brought against the Microboard’s directors.

Employment Practices Liability (EPL) Insurance

EPL provides employers coverage against employment related lawsuits such as wrongful dismissal, breach of contract, harassment, and discrimination.

For Microboards, D&O liability and EPL will now be the responsibility of the Microboard to obtain to ensure that the Microboard and its Directors are protected.

CLBC will automatically include monthly payments totaling $840/year to your contract for you to purchase your coverage with a $2 million liability limit. If your quote is above that threshold you will need to find the extra funding in your existing administrative budget.

When looking for D&O and EPL coverage for your Microboard it is important that you:

  • Ensure the insurance provider you select understands you need coverage for a single society, and that you do not fall under a group plan.
  • Ensure that your provider is licensed to provide insurance in Canada.

If you have any questions or need further assistance, please contact your Vela mentor who will be happy to help.

You are welcome to use any insurance provider you choose, but we have a few we recommend below: 

Vela Canada has an arrangement with BMS Canada Risk Services Ltd who have familiarized themselves with Microboards and are able to correctly provide Microboard Directors and Officers Liability insurance and EPL insurance. 

To apply, please contact:

Chelsea Howard at: [email protected]

And include the Microboard Directors and Officers and EPL Application Form.

Other insurance provider options:

Vela Canada has an arrangement with BMS Canada Risk Services Ltd who have familiarized themselves with Microboards and are able to correctly provide Directors and Officers Liability insurance and EPL insurance. 

To apply, please contact:

Chelsea Howard at: [email protected]

Please download and complete the Microboard Directors and Officers Liability Insurance form required for your application.