DIRECTORS & OFFICERS INSURANCE IN TORONTO ONTARIO: WHAT YOU NEED TO KNOW THIS BLOG GOES LIVE ON MONDAY, FEBRUARY 23, 2026, AT NOON - WATCH THE VIDEO NOW! DIRECTORS & OFFICERS INSURANCE IN TORONTO ONTARIO: WHAT YOU NEED TO KNOW In Canada, corporate directors face significant personal financial risks when a business becomes insolvent or enters a wind-down phase. This guide highlights how individuals can be held personally liable for specific company debts, including unpaid employee wages and government tax remittances like HST and payroll deductions. To mitigate these risks, directors must actively establish a due diligence defence by maintaining meticulous records and proactively overseeing financial obligations. D&O insurance serves as a vital safety net, though specialized tail coverage is essential to protect against legal claims that arise after a company has closed. Consulting a Licensed Insolvency Trustee early in the process is recommended to navigate shifting fiduci...
Toronto Debt Solutions
The purpose of this blog is to provide information and assistance to those suffering from too much debt. If you are an individual or company who needs to free themselves from the stress and strain of too much debt, and especially if you have been told your situation is hopeless, we can prepare and implement the plan made just for you, to free you from the burden of your financial challenges to go on to live a productive, stress-free, financially sound life.