Module 8: Directors & Officers Liability Insurance Introduction

This module begins with the fundamentals of Directors and Officers (D&O) Liability, its definitions and history. The importance of personal liability as it relates to directors and officers and the coverage provided under D&O policies is explained. Major securities and employment laws and statutes that create liability for directors and officers, duties of directors and officers, and the business judgment rule are explained. The principle of indemnification is key to D&O liability, so types of indemnification are identified and compared, and advancement and defense are also discussed. The material outlines major types of D&O claims and claimants in securities suits, derivative actions, and other actions. Major areas of the underwriting process are summarized, including differences between D&O liability and other types of PLI are summarized. The module concludes with the D&O claims management process, interaction between the Insurer and Insured’s counsel, and allocation issues, particularly relating to entity coverage.

---

Already purchased this module? Log into the LMS here and click on the Dashboard in the upper left, or go to your Education Programs dashboard here and click the “Review Course” link next to your module.