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Directors & Officers Liability Insurance – Introduction

Level:Introductory Duration:1 Day CII CPD Hours:6

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.

  • After attending this workshop, delegates will be able to:t
    • Outline who directors and officers are, and what their principal duties are
    • 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 includes:
    • 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

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    0117 244 7221