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MLIS: Fiduciary Liability Exposures and Insurance Coverage (Rich/Webinar) 09/08/2020-09/09/2020

IMPORTANT – all class communications will be sent to the email address with which you register!


REGISTRATION QUESTIONS? Contact Susie Perkins, Education Coordinator at (804)747-9300 or email: sperkins@iiav.com


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MLIS: Fiduciary Liability Exposures and Insurance Coverage (Rich/Webinar) 09/08/2020-09/09/2020

Tuesday, September 8, 2020 9:00 AM - Wednesday, September 9, 2020 12:30 PM (EDT)

Description

The Employee Retirement Income Security Act (ERISA) of 1974 creates certain "fiduciary", liability exposures. This session will introduce the basic fiduciary duties set forth in ERISA, examine the specific types of pension and benefit plans governed by ERISA, and analyze the particular claims exposures created by these duties. The way in which fiduciary liability insurance is underwritten is also discussed along with methods of controlling exposures to fiduciary liability claims and how fiduciary liability coverage is coordinated with other types of management liability insurance policies. The session will then provide a detailed look at the specific provisions within fiduciary liability insurance policy forms, including insuring agreements, covered persons/organizations, provisions pertaining to status changes, key definitions, limits/deductibles, conditions, exclusions, and coverage triggers.

Upon completion of this course, you should be able to:

  1. Identify the specific fiduciary duties enumerated within ERISA, recognize how the law defines “fiduciary”, and identify the standards of care required of fiduciaries;
  2. Identify the most common fiduciary liability exposures resulting from the three major types of employee benefit plans
  3. Recognize the key factors insurers use to underwrite and price fiduciary liability coverage
  4. Identify the two major insuring agreements found within fiduciary liability policy forms, and recognize key coverage extensions that are often available

Course #220438 | 7 P&C | Instructor: Bill Bolling


Webinar
Event Contact
Susan Perkins
(804) 747-9300
Send Email
Tuesday, September 8, 2020 9:00 AM - Wednesday, September 9, 2020 12:30 PM (EDT)

September 8-9, 2020 (9:00am-12:30pm)

Categories
Webinar
Property/Casualty
Commercial Lines
MLIS
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