What Is Covered By Directors and Officers Liability Insurance (and what is not)? Webinar
This session not only addresses the coverage provided by these unique insurance policies, but it also covers the enhancements that some insurers are willing to provide – if the institution’s insurance agent knows to ask for them.
Webinar Description and Audience
Bank management should have concerns over what protection is provided by their Directors and Officers Liability insurance policies. Board members and executives are typically dependent on their insurance agent or underwriter to provide the details of the insurance coverage. However, some insurance agents may not be aware of all of the terms, conditions and coverage available for their client bank.
This session not only addresses the coverage provided by these unique insurance policies, but it also covers the enhancements that some insurers are willing to provide – if the institution’s insurance agent knows to ask for them. Compounding this hurdle, underwriters may not volunteer the full extent of enhancements that their company could provide.
•Basic coverage description provided by the Directors and Officers Liability policies.
•Discussion of the effects on coverage from the policy definitions and exclusions.
•Details of the Terms and Conditions of these polices and what impact they have on the coverage provided.
•The importance of the protection of the officers and directors personal assets.
•Non-profit board membership.
•Extended coverage for Spouses, Domestic Partners, Estates and Legal Representatives.
•The potential disastrous effects of a “Failure to Maintain Insurance Exclusion”.
•The impact of a “Hammer Clause”.
•What are the implications of the “Allocation” condition in the typical policy.
•The value of an excess “Broad Form Side A Directors and Officers Liability Policy”.
Who Should Attend?
Board Members, President, Chief Executive Officer, Chief Financial Officer, Employed Legal Counsel, Risk Management Officer, and Head of the Risk Management Committee
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.