Directors & Officers Liability has changed drastically over the last 20 years! It has moved from essentially an unknown exposure to today being one of the most visible liability exposures to the corporate executives.
As a result of this change, Directors & Officers Liability Insurance, the policy forms themselves, have also morphed from basically an unknown product to an essential and highly visible insurance contract commonly incorporated or required within a corporation's insurance portfolio.
Careers and ongoing business relationships can be greatly advanced or put in jeopardy depending on just how well certain D&O issues are understood, anticipated, and applied.
Since every director's and officer's personal assets are at risk, arising from a perceived wrong doing, the overall level of interest in this area of insurance has never been greater. Also of importance is how insurance companies and retail brokers have begun to focus on this specialized insurance product as a profitable business strategy and as an entrée to a client's highest level executives.
This course is designed to satisfy the specific educational needs produced by the current market conditions by providing a process in which to learn the basics involved in insuring Non Profit and For-Profit Directors & Officer Liability.
Students in this session learn:
- The complexity of the forms
- What is covered
- Why it is needed
- SOX exposures for publically traded companies
- 19 coverage issues to consider
- Side A individual coverage needs