Webinar Event - Why you need to be talking to your Clients about D&O and EPL Cover Now!
The Insurance Institute of Cardiff invite you to a webinar on - Why you need to be talking to your Clients about D&O and EPL Cover Now!
Thursday 14th May 2020 - 16:00 - 17:00 pm
The webinar will be run via Zoom, a global web-conferencing solution. Zoom is easy to use, a link and joining instructions will be sent to you the day before the webinar.
About the webinar:
This session, presented by Alan Chandler who is well known to our institute having delivered the successful diploma programme and a number of well received presentations, will briefly explain the history of D&O and how the D&O market place is changing dramatically due to the Covid-19 lockdown and its effect on the economy. The sad fact is that many businesses will struggle badly over the next few month 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 also 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!
There will be more D&O claims arise against directors due to the recent Covid-19 outbreak - Alan will explore the new sources of potential claims. EPL claims will probably see record levels by the end of this year again Alan will explore why this is likely and why cover needs to be in place now.
Alan runs his own training and consultancy business, so does not come with any agenda for promoting a specific insurer's wording. This presentation will be both a refresher of the presentation Alan provided in January but also include updates on where D&O and EPL claims will now arise due to the changed world.
By the end of this event delegates will:
Understand the benefits of a D&O and EPL policy and why it should be purchased now
Be aware of a director’s duties at common law and statute and explore how there will be a significant rise in claims
Be able to explain in plain English how the principal areas of cover operate.
Be able to explain the impact of Limits of Liability, costs and awards on a claims made wording
A link will be sent via your email address supplied at the time of the booking. PLEASE DO NOT share this with anyone else.
Please note that this webinar will be hosted on the Zoom platform which may be restricted by some employers. Members may need to utilise their own personal devices in these circumstances to access the platform.
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.