Continuing Education Credits

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

Course Objectives

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

Course curriculum

    1. Course introduction

      FREE PREVIEW

    2. Course objectives

    3. Downloadable material

    1. Chapter objectives

    2. The role of a director of a not-for-profit corporation

    3. Duties of not-for-profit directors and officers

    4. Duty to manage

    5. Duty of loyalty

    6. Duty of care

    7. Duty to obey

      FREE PREVIEW

    8. What are the rules to which directors and officers must adhere

    9. Quiz instructions

    10. Quiz #1

    1. Chapter objectives

    2. What is directors' and officers' liability insurance?

      FREE PREVIEW

    3. Indemnification – how and when insurance pays out

    4. The indemnification process

    5. Managing your indemnity and insurance program

    6. D&O and not-for-profit organizations

    7. Indemnification and not-for-profit organizations

    8. Quiz #2

    1. Chapter objectives

    2. The structure of a D&O insurance policy

    3. Non-indemnifiable loss (side A)

    4. Indemnifiable loss (side B)

      FREE PREVIEW

    5. Entity coverage (side C)

    6. Who's covered?

    7. What's covered?

    8. What's not covered?

    9. Policy extensions

    10. Quiz #3

    1. Chapter objectives

    2. What constitutes a not-for-profit D&O insurance claim?

    3. What is a claim under a D&O policy?

    4. What is a wrongful act under a Not-for-Profit D&O policy?

    5. Who can bring a claim against a not-for-profit organization?

    6. Causes of claims

      FREE PREVIEW

    7. What is a loss under a D&O policy?

    8. Understanding policy reporting requirements

    9. Claims made and reported policies vs. claims made policies

      FREE PREVIEW

    10. Potential claim notification

    11. Extended reporting period

    12. Reporting a D&O claim to the insurer

    13. How D&O claims are handled

    14. D&O claims: defence and settlement

    15. Activity: What to expect from the claims process

    16. Quiz #4

    1. Chapter objectives

    2. A look at the risk of claims

    3. Understanding governance

      FREE PREVIEW

    4. Reducing risk through good governance

    5. Guidelines for directors and officers

    6. Guidelines for the board

    7. Quiz #5

About this course

  • $150.00
  • 71 lessons
  • 1.5 hours of video content