Liability Insurance

Directors & Officers and Employment Practices Liability Insurance

Microboards funded through Community Living BC (CLBC) are responsible for Directors & Officers Liability Insurance and Employment Practices Liability 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.

As existing contracts renew, and for brand new 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.

For new Microboards signing CLBC contracts, and existing Microboards that are coming up on the renewal of your MIP (you should have received a letter stating the end date of your current coverage), you will now need to approach CLBC with a quote for your D&O liability and EPL coverage so that this cost can be added into the budget for the Microboard.

CLBC will cover up to $750 per contract for this coverage, and up to a maximum of $2million of liability. 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.
  • You also need to ensure that your provider is licensed to provide insurance in Canada.

If you have any questions or need further assistance, please contact your Vela facilitator 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 D&O Liability insurance and EPL insurance. 

To apply, please contact:

Ryan Petrie at:
Ryan.Petrie@bmsgroup.com

And include the Microboards D&O and EPL Application Form.

Other insurance provider options: