WEBINAR: Directors & Officers and EPL Insurance, in a plain English nutshell
Alan will briefly explain the history of D&O and explain how the market place is changing, including the fact that many more directors are being sued individually coupled with the fact 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!
Too many brokers are saying to their clients that the maximum limit a company should set for D&O is the sum total of all the directors personal assets - this is wrong and will lead to a pi claim against that broker!
Alan Chandler is widely regarded as one of the leading insurance trainers and presenters in the UK and importantly does not come with any agenda for promoting a specific insurer's wording. This presentation will be focusing on how to make it easy to understand the main purpose of this valuable cover.
By the end of this session, delegates will be able to:
- To understand the benefits of a D&O policy.
- To be aware of a directors duties at common law and statute.
- To be able to explain in plain English how the main areas of cover operate.
- To be able to explain the impact of limits of liability, costs and awards on a claims made wording.
Speaker Biography: Alan Chandler, Alan Chandler Training
Alan has undertaken operational management roles in three major global companies - NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Eleven years ago he set up his own training company, something that he had always longed to do as he is passionate about training.
Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom, he has also trained many national prize winners. Alan has delivered training for almost all the institutes in the UK over the past few years with his enthusiastic presenting style proving very popular.
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.