CPD Webinar Presentation Wednesday 3rd June 2020 - "Why you need to be talking to your Clients about D&O and EPL Cover Now!"
The webinar will briefly explain the history of Directors & Officers insurance and how the D&O marketplace 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 months 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!
There will be more D&O claims arise against directors due to the recent Covid-19 outbreak – the webinar will explore the new sources of potential claims. EPL claims will probably see record levels by the end of this year again and we will explore why this is likely and why cover needs to be in place now. Cover is fast draining out of the D&O and EPL marketplace and brokers have a small window of opportunity to get coverage for clients at realistic before capacity dries up and quotes become far more difficult to obtain. The presentation will be provided by Alan Chandler who is one of the most popular insurance presenters in the UK The webinar will be suitable for brokers, insurers and IFA's who may want to purchase this coverage for their own business.
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
To Take Part and obtain a copy of the link contact Veronica Wilkinson at email@example.com or 01904 656104
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.