Continuing Education Credits

This course is approved for 2HR CE Credits for BC, AB, MB, SK and ON (technical).

Course Objectives

By the time you’ve completed this course you’ll be equipped to:

  • Explain liability and the risks faced by fiduciaries

  • Describe the coverage on your fiduciary liability policy and options available

  • Explain the steps to minimize the chance of a claim

  • Know what to do and expect if a claim occurs

  • Advise on what to keep in mind when buying FL insurance

Course curriculum

    1. Welcome

    2. Course Objectives

    3. Downloadable material

    1. Chapter introduction & objectives

    2. Who is a fiduciary?

    3. Sources of fiduciary liability

    4. Fiduciary liability under CPBSA

    5. Fiduciary liability under ERISA

    6. Who is a fiduciary under ERISA

    7. What are the duties of fiduciaries under ERISA

    8. Quiz instructions

    9. Quiz - Fiduciary Liability

    1. Chapter introduction & objectives

    2. Factors impacting liability exposures

    3. DC plans and liability exposure

    4. M&A and Pension Plans liability

    5. Investor activism

    6. Excessive fee litigation

    7. Claims examples - what can go wrong

    8. Examples of court decisions impacting the legal landscape

    9. Quiz - A Look at Fiduciary Liability Exposures

    1. Chapter introduction & objectives

    2. What is Fiduciary Liability Insurance

    3. What is covered - definition of plan

    4. Who is covered by a FL policy

    5. Fiduciary liability insurance policy

    6. Standard insuring clauses

    7. Fiduciary liability insurance extensions

    8. Typical exclusions

    9. Quiz - Fiduciary Liability Insurance

    1. Chapter introduction & objectives

    2. What constitutes an FL Insurance claim?

    3. What is a FL Claim for damages against the insured?

    4. What is a wrongful act?

    5. What is loss under a FL policy?

    6. Understanding policy reporting requirements

    7. Claims-made policies

    8. Claims-made and reported policies

    9. Claims reporting requirements

    10. Why claims should be reported “as soon as practicable"

    11. Potential claim notification

    12. Extended Reporting Period (ERP)

    13. Claims reporting issues

    14. How claims are handled

    15. Defence and Settlement

    16. Activity - the claims process

    17. Quiz - Fiduciary Liability Insurance Claims

    1. Chapter introduction & objectives

    2. Common sources of claims

    3. Minimizing the chance of a claim

    4. Quiz - Managing the Risk of Fiduciary Liability Insurance Claims

About this course

  • Free
  • 68 lessons
  • 1 hour of video content