Overview
Directors and officers (D&O) liability insurance protects individuals from personal losses if sued for their roles in a business or organization. This course provides a detailed look at key provisions in D&O policies, including limits, retentions, coinsurance, conditions, exclusions, and claims-made coverage triggers.
Learning Objectives
- distinguish among a D&O policy’s three major insuring agreements
- identify “covered damages” and “covered losses” definitions and their coverage limits
- recognize EPL coverage in D&O policies and how endorsements expand it
- identify critical policy conditions: severability, cancellation, subrogation, other insurance, arbitration, presumptive indemnification, and priority of payments
- identify major exclusions, different versions, and their rationale
- identify unique exposures of privately held organizations and how their coverage differs from corporate/for-profit firms
Designed For
Property and casualty risk, safety, insurance, and finance professionals
Prerequisites
Basic understanding of commercial insurance and management liabilities
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
Find this course for your license:
License or Certification
Regulator
Type