Angel investors

D&O insurance for angel investors who are members of Anges Québec

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A program for Anges Québec members who are angel investors

This directors and officers (D&O) liability insurance program is exclusively for Angels Québec members. It is designed for investors and entrepreneurs who serve on the board of directors of a startup or growing company that is a member of the Angels Québec network.

Your decisions as a director engage your personal liability. A legal action may arise from unpaid wages, unremitted source deductions, or a disputed dismissal. It may also stem from an unaddressed harassment situation.

Eligible members hold a formal role as a director or officer within a Quebec private company. Eligibility is confirmed by referral from Anges Québec.

The program includes basic D&O liability coverage. Access to human resources advisory services is also included. Additional coverage may be added based on the risk profile of the company you support. See the coverage section for details on the protection options available through the program.

A La Turquoise broker can help assess your eligibility and answer questions about the application process.

Are you an Anges Québec member? Discounts on your personal auto and home insurance are also available.

Discover available discounts

A partnership with Anges Québec

La Turquoise developed this insurance program in collaboration with Anges Québec, taking into account the reality of angel investors involved with the companies they support.

Coverages related to the role of director and officer

See what the program covers
  • Directors and officers (D&O) liability: This coverage applies to situations where decisions, actions, or omissions are challenged in a governance role.
  • Directors, officers and company liability: Coverage may apply depending on whether the claim targets an individual, the company, or both.
  • Crisis management expenses: Some coverage may include support during situations that could affect the company’s operations or reputation.
  • Fiduciary liability: Some coverage may apply to responsibilities related to the administration of plans or funds.
  • Human resources assistance: Access to advice may be included to support the management of workplace-related situations.
  • Employment practices liability: Some coverage may apply to claims related to staff or workplace management.
  • Some coverage may not be available depending on the company’s risk profile.

This program makes directors’ and officers’ liability insurance easier to access

Discover my member benefits
  • Eligibility through a recognized network of entrepreneurs and investors.
  • Access to conditions reserved for eligible Anges Québec members.
  • Access to experts to better understand the scope of responsibilities tied to the role of director or officer.
  • The program helps clarify the risks associated with the governance of a startup or growing company.
  • It helps clarify when directors’ and officers’ liability insurance may be relevant.

Save on your premium

La Turquoise’s insurance brokers will help you find the discounts that apply to your situation. These savings vary depending on your profile and coverage. They make it easy to lower your rates.

Recommended coverages

The plan covers professional liability and general liability. Extra coverage may become available to supplement the policy depending on the situation.

Legal assistance

The role of director may raise legal questions related to decisions made, legal obligations, or personal liability.

  • A situation requires an opinion before responding to a formal communication.
  • A board decision raises questions about legal obligations.
  • A director wants to assess the legal impact of an upcoming decision. 

Human resources (HR) assistance

Workplace issues may involve the board of directors or management, even without day-to-day employee oversight.

  • An internal situation is brought to the attention of the board.
  • A complaint related to the work environment raises governance questions.
  • A strategic decision has an impact on labour relations. 

Privacy breach and cyber risks

Directors have access to sensitive information about the company, its employees, or its shareholders.

  • Confidential information is shared by mistake.
  • A cyber incident exposes internal information.
  • A situation raises liability questions related to data protection.

Your questions about insurance for Angel investors

Angel investors often have the same questions when they take on a governance role within a company. This section addresses the most common ones.

Yes, this can happen. A director may face personal targeting when someone challenges a decision, action, or omission. Even if you act in good faith, a legal action may require you to account for your conduct. Legal defence costs can add up quickly. This is where directors and officers (D&O) insurance comes in. D&O insurance is designed for governance risk, not day-to-day operations. It helps define what your role on the board may expose you to, especially when a situation becomes complicated.

No, not automatically. Incorporation protects the company, but it does not always resolve personal liability tied to the role of director.

  • A manager may be held accountable for decisions made, even if the company is incorporated.
  • Shareholder status does not change everything either. What matters is your level of influence over decisions and governance.
  • When you sit on a board or act as an officer, the question becomes straightforward. Your name could be targeted in a legal action. Owners and managers often evaluate D&O insurance for this reason.

Legal action can come from several directions, not just from outside the company.

  • A shareholder may challenge a decision. An employee or former employee may also contest a management situation.
  • A creditor may intervene in a difficult context. A public body may also act depending on the circumstances.
  • Business partners may also be the source of a dispute. This can include a supplier, a client, or a competitor.

When you are a director, what matters is your role in decisions, not just your title.

Often, yes. Liability may be tied to your governance role, even if you do not manage daily operations. If you vote, approve, or influence decisions, your involvement may be considered in a claim. This is common in a growing company. The board weighs in on strategy, oversight, and certain structural decisions. D&O insurance is designed precisely for this risk tied to the role of director or officer.

A broker can then help you assess your level of exposure based on your actual role in the organization.

A quote starts with your situation. Your role in the company, your presence on the board, and your level of involvement guide the discussion. A basic overview is very helpful. The company’s structure, the number of directors, and your day-to-day role can all be useful. You do not need to have all the answers from the start. The goal is to clarify what needs to be assessed.

La Turquoise acts as a broker. A broker can guide you through the right steps by phone or email. This first step will help determine whether D&O insurance suits your situation as an angel investor.

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