Private Company D&O Insurance: Why It’s Essential and How To Structure It

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

Using his more than 30 years in the insurance business as a guide—including nearly a decade as Editor of D&O MAPS (an IRMI publication containing analyses of 250+ D&O forms)—IRMI Senior Research Analyst Bob Bregman, CPCU, RPLU, MLIS, begins by laying out the case for private company D&O coverage. Then, he shows you how to construct a cost-effective program for protecting the assets of private company directors and officers

One of the most pervasive insurance industry myths is the notion that privately-held firms have no need for D&O coverage because they are rarely involved in class action securities litigation. In addition, many labor under the mistaken notion that the directors and officers of such companies are infrequently sued.

But in fact, private companies do have a securities claim exposure. And contrary to popular belief, they are indeed subject to US securities laws. In addition, privately-held companies are frequently sued by competitors, government agencies, regulators, customers, vendors, and employees—in addition to their own stockholders.

This webinar will dispel these and other erroneous assumptions about the nature of and need for directors and officers liability insurance by privately-held firms.

Presented by Bob Bregman, International Risk Management Institute, Inc.

Who Should Consider Purchasing

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

Agents and brokers will acquire the knowledge to deal effectively with the most common objections to buying private company D&O insurance. They will also acquire the expertise to structure such coverage, once the decision to buy it has been made. Insurance company underwriters will learn how to design effective D&O programs for private firms, thus making it easier for their producers to sell. Risk managers will obtain the facts needed to convince senior executives within their organizations as to the necessity of private company D&O coverage.

Benefits to Your Participation

Attendees will emerge from this Webinar with a better understanding of (1) why D&O coverage is an essential element in the risk management programs of private companies and (2) how to structure such programs. Here are some of the key points this Webinar will discuss:

• Why private companies are, in fact, subject to US securities laws
• Common private company claim scenarios—that aren't just theoretical
• Why minority shareholders pose much more risk to private companies than "common" shareholders do to public firms
• How to determine if separate, D&O/EPL/Fiduciary policies are appropriate, or, whether a combined approach will work best for a particular private company
• Why developing a relationship with underwriters before a company goes public, is essential
• Why the expansive coverage provided by private company D&O forms makes it a bargain—especially compared to public D&O policies
• The problems private companies have in securing credit—when they do not have D&O insurance
• How Sarbanes Oxley rules apply to private companies and why this law creates exposures for directors & officers
• The difficulties of attracting quality board members when private company D&O coverage is not in place

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.