Directors & Officers Liability Insurance - Introduction (SearchBite) - Searchlight Insurance Training

Directors & Officers Liability Insurance – Introduction (SearchBite)

This intensive two hour SearchBite is designed to provide a broad overview of Directors and Officers Liability insurance – aimed at those new to this class of business.

This session looks at the duties of directors as set out in recent legislation. It examines the types of claims that can be made against directors and the cover provided by a typical Directors and Officers liability insurance policy.

Level: Introduction

Duration: 0.2 day(s) CII CPD Hours: 2
     

Key programme elements

 

•Who is a Director or Officer

 

•What are their principal duties

 

•Review of legislation :
•Companies Act, 2006
•Corporate Manslaughter and Corporate Homicide Act 2007

 

•How Directors/Officers may be protected

 

•Policy cover :
•Operative clause
•Exclusions
•Extensions

By the end of this SearchBite, participants will be able to

 

•Explain who directors and officers are and their main duties

 

•Describe the type of claims that may be made against directors or officers

 

•State the cover provided by a typical Directors & Officers Liability insurance policy

 

•Outline the main exclusions and extensions of a typical Directors & Officers Liability insurance policy