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!
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.
Alan Chandler, Chartered Insurer, is widely regarded as one of the leading insurance trainers and presenters within the UK who has trained many national ACII prize winners. Alan has been a CII examiner and knows what an examiner is and is not looking for. Alan is currently running the highly successful Diploma and ACII training programmes across the UK and Ireland. He travels frequently across Europe presenting on technical insurance matters and his plain English presenting style has proved very popular.
Who Should Participate
Anyone involved in selling D & O insurance cover and managing D & O claims.
The Insurance Institute of Bradford values and respects diversity and strives in all of our activities to take account of and respect the interests of all people it serves. There is an expectation that all speakers / presenters and attendees will act in this way too. Please see our Equality Policy on our website.
Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Bradford, which is acting as the host institute for this event.
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.