This course is approved for 2HR CE Credits for BC, AB, SK, MB and ON (technical).
By the time you’ve completed this course you’ll be equipped to:
Determine which laws and regulations govern your organization, its directors and officers
Explain how and when D&O insurance pays out
Evaluate the coverage offered by your D&O policy and the options available
Describe what to do and expect in case of a claim
Upgrade your organization’s governance to minimize the chance of a claim
Welcome message
Course objectives
Downloadable material
Chapter objectives
The roles of directors and officers
Laws for directors and officers
Duty to manage
Fiduciary duty
Duty of care
Quiz #1
Chapter objectives
What is directors & officers liability insurance?
Indemnification
The indemnification process
Managing an indemnity and insurance program
Quiz #2
Chapter objectives
The structure of a D&O policy
Non-indemnifiable loss (also known as Side A)
Indemnifiable Loss (also known as Side B)
Entity Coverage (also known as Side C)
Public company vs. Private company coverage
Who's covered?
What's covered?
What's not covered?
Policy extensions
Quiz #3
Chapter objectives
The third party in D&O insurance claims
What constitutes a claim under a D&O policy?
What is a wrongful act under a D&O policy?
Who can bring a claim against an organization?
Causes of claims
What is a loss under a D&O policy?
Understanding policy reporting requirements
Claims-made and reported policies
Claims-made policies
Reporting a D&O claim to an insurer
Potential claim notification
Extended reporting period
How D&O claims are handled
D&O claims: duty to defend
Flow of funds - reimbursement or pay on behalf of
Activity: What to expect from the claims process
Quiz #4
Chapter objectives
A look at the risk of claims
Understanding governance
Reducing risk through good governance
Guidelines for directors and officers
Guidelines for the board
Quiz #5
