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D&O Insurance - What Is Covered And What Is Not

Webinar: ID# 1002980
Date: Recorded
About This Course:
Do you know what your bank's Directors and Officers Liability insurance policies cover?

This webinar not only addresses the coverage provided by these unique insurance policies, but it also covers the enhancements that some insurers are willing to provide - if the institution’s insurance agent knows to ask for them. Compounding this hurdle, underwriters may not volunteer the full extent of enhancements that their company could provide.

Covered Topics:
  • Basic coverage description provided by the Directors and Officers Liability policies.
  • Discussion of the effects on coverage from the policy definitions and exclusions.
  • Details of the Terms and Conditions of these polices and what impact they have on the coverage provided.
  • The importance of the protection of the officers and directors personal assets.
  • Non-profit board membership.
  • Extended coverage for Spouses, Domestic Partners, Estates and Legal Representatives.
  • The potential disastrous effects of a "Failure to Maintain Insurance Exclusion".
  • The impact of a "Hammer Clause".
  • What are the implications of the "Allocation" condition in the typical policy.
  • The value of an excess "Broad Form Side A Directors and Officers Liability Policy".
Who Should Attend

Board Members, President, Chief Executive Officer, Chief Financial Officer, Employed Legal Counsel, Risk Management Officer, and Head of the Risk Management Committee

The Presenter

Mike Hogan has taught seminars for insurance agents and bank management on this subject for 25 years through various bank and insurance associations. He outlines the details of the coverage and enhancements available as well as the limits of liability that banks of similar size purchase. Attendees will find the webinar useful in understanding the nuances of coverage they can request.

Mike provides detailed handouts prior to the webinar so the attendees can take notes for future reference after the webinar presentation. Questions are welcomed and will be promptly answered.
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D&O Insurance - What Is Covered And What Is Not
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