Management Liability - Session 1 – Legal Considerations

Overview

This workshop is the first in a series of three, with each session designed to stand alone.

Session 1 explains why and how directors and officers of a business and those businesses themselves may incur a legal liability which is not covered by other conventional classes of insurance.

Who should attend?

Delegates upon completion will be able to; 

• Explain how a director or a firm may be held liable for losses incurred through the law of tort and through breach of statutory duty  

• Describe the duty of care owed to various stakeholders of the business and who those stakeholders are

• Understand the application of the law towards claims involving purely monetary loss

Course Content

• An introduction to the law of tort – negligence, nuisance, defamation etc.

• Breach of statutory duty – a test of reasonableness or prescriptive duty

• Claims for pure financial loss

• The duty of care owed by directors and officers of a firm

• Description of the various stakeholders in a business to whom these duties are owed.

This course is delivered on a lunch and learn format with the opportunity to ask questions at the end of the session. 

David is an experienced insurance professional with a career spanning 40 years. He is a subject matter expert for the Chartered Insurance Institute, authoring and updating modules for the CII computer-based training programme, Broker Assess. His experience includes Head of Claims at Plum Underwriting Ltd, where he was responsible for managing the relationship between insurers and claims third party administrators, managing larger claims received via technical referral processes.

David has been delivering technical insurance training for over 20 years, to a variety of different industry customers in the UK and abroad and provides examination support for clients undertaking CII studies to achieve industry recognised designations. He provides training on many general insurance classes up to at least intermediate level to include motor trade insurance, cyber, marine cargo, commercial property, business interruption, liabilities, construction, engineering, and trade credit. He also delivers more generic underwriting and claims training.