This paper looks at the insurance demand of a firm's directors and officers using a sample of Canadian corporations (excluding firms from the Financial services and Mining sectors) from 1993-1999. More to the point, we study the demand for director's and officer's insurance. Our results suggest that larger corporation are more likely to purchase D&O insurance. Firms that are strong financially are less likely to purchase D&O insurance. Firms are also less likely to purchase D&O insurance when there are many outsiders on the board of directors and when the board member have an important financial stake in the corporation. Surprisingly, being listed on a stock exchange in the United States does not seem to have an impact on the demand for D&O insurance, contrary to previous results.