A Baker's Dozen D&O Coverage and Practice Tips

Purchase this archived webinar for only $59 per Internet connection. There are no restrictions on how many people view the webinar using this single connection and sign-in (e.g., in a conference room). The webinars will be archived and available for your access up to six months from the date it occurs.

Webinar-at-a-Glance

Directors and officers liability coverage is arguably the most complex and challenging line of P&C insurance. Coverage disputes between insureds and insurers are, regrettably, all-too-common. Moreover, surveys consistently indicate that for one reason or another, insured organizations typically receive far less than total indemnification when they sustain D&O losses. For larger firms, the challenge of structuring D&O protection is especially involved, given the need to consider both a broad array of Side-A options, coupled with the intricacies of crafting an effective excess D&O program.

This webinar will help you successfully navigate these complexities. Its goals are twofold. First, it explains several kinds of coverage traps, gaps, and pitfalls that are the frequent subject of coverage disputes, denials, and less-than-complete insurer reimbursement. Second, it explains how to avoid those problems and devise the broadest, most cost-effective D&O program possible.

Presenter Bob Bregman, CPCU, RPLU, MLIS has been analyzing D&O policy forms for 30 years—including nearly a decade as editor of D&O MAPS (an IRMI publication that analyzes 250+ D&O forms). He is the author of the Management Liability Insurance Specialist (MLIS) certification program and the principal author of Professional Liability Insurance, a 2,000 page treatise on D&O, EPL, medical, and non-medical professional liability exposures and coverage.

Presenter Rich Scislowski, JD, CPCU, CIC, CRIS, MLIS combines exceptional practical experience with outstanding academic credentials. Since joining IRMI in 2005, he has developed the D&O Policy Explorer, a unique software tool providing "touch of the button," side-by-side comparisons of the leading policy forms in the current D&O marketplace. Prior to that, he spent a decade as an insurance and business attorney with two Cleveland-area law firms where he litigated numerous coverage disputes.

Presented by Bob Bregman, and Rich Scislowski, International Risk Management Institute, Inc. (IRMI).

Who Should Consider Purchasing

Anyone who is faced with the responsibilities of identifying and covering the liability exposures of directors and officers—whether as an agent/broker, underwriter, or risk manager—will benefit from this webinar.

Agents and brokers will obtain the knowledge to deal effectively with some of the more difficult nuances of D&O policy forms. They will also acquire the know-how to confidently recommend and place private company D&O insurance, and help buyers sort through the array of coverage options currently available in the marketplace. Insurance company underwriters will learn to design D&O programs that protect their insureds while avoiding coverage disputes. Risk managers will gain knowledge of how to work productively with both their agents/brokers and their company’s senior management in creating an optimal D&O program for their organization's executives.

Benefits to Your Participation

Attendees will emerge from this webinar with a better understanding of (1) how to avoid common coverage traps associated with D&O programs and (2) how to best structure such programs. Here are some of the key points this webinar will discuss:

• The best—and worst—types of severability provisions
• Avoiding the dangers inherent in the prior and pending litigation exclusion
• Drafting defense coverage provisions that maximize insurer reimbursement
• Analyzing and selecting among the current assortment of Side-A policy alternatives
• Steering clear of strict exhaustion requirements in excess policies
• Optimizing recoveries when negotiating claim settlements
• Understanding and covering global D&O exposures
• Coordinating D&O with EPL and fiduciary liability policies
• The fine art of claim reporting
• Recognizing—and improving upon—the shortcomings of "boilerplate" coverage endorsements
• How to determine appropriate D&O coverage limits

Continuing Education Credit Information

Attending any three Management Liability Insurance Webinars will satisfy the annual reaccreditation requirement for the MLIS^™ program. CPCUs attending this webinar will be awarded one (1) CPD (continuing professional development) program point.

This webinar has not been filed for and will not satisfy state insurance CE requirements in any state. It has also not been filed for CLE or CPE credit, but you may be able to self-file after attending the program.