Directors and Officers insurance overview
The webinar will briefly explain the history of D&O and how the D&O marketplace is changing dramatically due to the economy. The sad fact is that many businesses will struggle badly over the next few years and lots of redundancies will have to be made. This will result in a sharp spike in both Directors and Officers and Employment Liability Practices claims. The market will harden and that is why it is essential brokers have conversations with their clients now. It should also be noted that many more directors are being sued individually and that the amount of HSE prosecutions have trebled against individual directors since 2015.
This is no longer a cover that ANY director can ignore, and ironically if a director refuses D&O without consulting their fellow directors they have massively increased their own personal D&O exposure!
This webinar, presented by Alan Chandler, one of the most popular presenters in the UK, will explore the sources of potential claims and how to put the right cover in place.
By the end of this event delegates will:
- Understand the benefits of a D&O and EPL policy
- Be aware of a director’s duties at common law and statute and understand how liability is increasing.
- Be able to explain in plain English how the principle areas of cover operate.
- Be able to explain the impact of Limits of Liability, costs and awards on a claims made wording.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.