Directors & Officers Liability Insurance - Introduction - Searchlight Insurance Training

Directors & Officers Liability Insurance – Introduction

This interactive workshop is suitable for those new to the subject and looking for a comprehensive background to directors and officers insurances.

The workshop will consider directors duties as laid down in recent legislation.  It will consider the type of actions that can be taken against directors and officers and look at the cover normally provided by a directors and officers liability policy.

Time: 9.30am until 4.30pm

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES

Outline who directors and officers are and their principal duties

Describe how directors and officers may become liable for their actions

Explain why companies may refuse or be prevented from indemnifying directors for claims against them

Outline the major benefits of a directors and officers liability insurance policy

Identify the principal extensions and exclusions under a directors and officers liability insurance policy

Explain how directors and officers liability insurance dovetails with other liability insurances

WORKSHOP CONTENT

Who are directors and officers?

Directors’ responsibilities, including the Companies Act 2006

Sources and types of claim against directors and officers

Key policy benefits

Policy cover:

  • Operative clause
  • Personal reimbursement
  • Company reimbursement
  • Principal exclusions
  • Principal extensions

The Corporate Manslaughter and Corporate Homicide Act 2007, gross negligent manslaughter and other relevant legislation

Proposal and underwriting process