Description

Directors and officers of for-profit, publicly-held corporations and not-for-profits corporations face a number of legal liability exposures. This course is designed to give a moderately experienced person in insurance a detailed look at these exposures. The major areas this course addresses include (1) the common law and statutory legal liability exposures to which the directors and officers of publicly held corporations are subject, (2) legal defenses available to directors and officers when a claim is made against them, (3) the types of situations that give rise to these claims, (4) the factors that insurers consider when underwriting directors and officers (D&O) policies for publicly held and privately held companies, and (5) the most effective methods of preventing and controlling claims against corporate directors and officers.

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

1.    Identify the general nature and purpose of corporations, the functions served by directors and officers within corporations, the common law duties that directors and officers owe to corporations; 

2.    identify the major federal securities laws and other statutes that give rise to D&O liability;

3.    Recognize the major sources of securities class action and other claims against directors and officers

4.    Recognize the distinctive features of private companies nonprofit organizations, and the types of claims these organizations typically face.

Course #220435 | 7 P&C | Instructor: Bill Bolling