Module 10: Private / Non-Profit D&O Liability Insurance

The Private/Non-Profit Directors & Officers Liability module begins with a brief overview of the purpose of D&O coverage. It provides a summary of the duties of directors and officers and contrasts the duties, liabilities and claims of Private/Non-Profit companies and their directors and officers versus those for public companies. The module explains volunteer protection acts and how they impact Private/Non-Profit D&O risks. The underwriting portion of the module includes a review of sample applications, key factors in underwriting these types of risks, how exposures are rated, and utilization of premium modifications. Key policy sections and provisions and unique features of these types of policies are reviewed. Coordination of D&O coverage with other professional liability policies and the use of excess D&O policies are addressed. Current and potential issues and trends are also discussed.

Copyright date: 2017
This module is under review as of October 2024. The updated module and its exam are expected to be available in 2025.

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