Insurance Infusion: Directors and Officers insurance overview
A plain English overview of reinsurance, including how reinsurance premiums affect the price charged to policyholders.
Reinsurance premium increases have been one of the most significant causes of the current hard market for policyholders, and that is why it is essential that all brokers, underwriters, and claims staff have a basic overview of how reinsurance operates.
The webinar will briefly explain the history of D&O and how the D&O marketplace is changing dramatically due to the economy. The sad fact is that many businesses will struggle badly over the next few years and lots of redundancies will have to be made. This will result in a sharp spike in both Directors and Officers and Employment Liability Practices claims. It should also be noted that many more directors are being sued in recent times individually and that the amount of HSE prosecutions have trebled against individual directors since 2015.
This is no longer a cover that ANY director can ignore, and ironically if a director refuses D&O without consulting their fellow directors they have massively increased their own personal D&O exposure!
By the end of this event delegates will:
- Understand the benefits of a D&O and EPL policy
- Be aware of a director’s duties at common law and statute and understand how liability is increasing.
- Be able to explain in plain English how the principle areas of cover operate.
- Be able to explain the impact of Limits of Liability, costs and awards on a claims made wording.
This webinar, presented by Alan Chandler, one of the most popular presenters in the UK, will explore the sources of potential claims and how to put the right cover in place.
To book: please email firstname.lastname@example.org or phone 0161 870 6637. Zoom details will be sent in advance of the session.