The ABCs of Directors and Officers Liability Insurance
Understand the fundamentals of Directors and Officers Liability Insurance. This course provides a comprehensive overview of indemnification and the legal duties of directors and officers, exposures, coverages and key claim reporting considerations.
What You Will Learn
- Welcome to The ABCs of D&O Insurance Liability Insurance
- Downloadable Course Material
- ABCs of D&O Insurance - Course Objectives
The Case for Directors & Officers Liability Insurance
- Introduction to D&O Insurance
- What is D&O Insurance?
- The legal landscape for Directors & Officers
- Why is D&O Insurance important?
- What are the duties of Directors & Officers?
- Duty to Manage
- Fiduciary Duty
- Duty of Care
- D&O Insurance and indemnification
- Components of indemnification
- The indemnification process FREE PREVIEW
- Managing an Indemnity and insurance program
- Activities & Quizzes Instructions
- Quiz FREE PREVIEW
Introduction to D&O Insurance Policies
- Introduction to D&O policies
- The Structure of a D&O Insurance Policy: SIde A, Side B and Side C
- How much D&O insurance coverage is required?
- D&O Insurance premium and deductible
- Insurance policy retention or deductible?
- Activity: Side A, B and C FREE PREVIEW
- D&O insurance policy length
- Selecting a D&O insurer
- Public Company vs Private Company & Securities Claims
- Securities Claim: Kerr vs. Danier Leather Inc.
- Introduction to D&O insurance claims
- What is a Claim under a D&O policy?
- What is a Wrongful Act under a D&O policy?
- What is a loss under a D&O policy?
- Understanding Policy Reporting Requirements on a D&O Insurance policy
- Claims-Made & Reported Policies
- Claims Made Policies
- Extended Reported Period in a D&O insurance policy
- D&O potential claim notification
- Reporting a D&O claim to the insurer
- How D&O claims are handled
- What is duty to defend?
- Reimbursement vs Pay on behalf of
- Activity: Interactive Timeline of a D&O Claim
Course Wrap Up and Final Assessment
- Course Wrap Up
- Course Survey
- D&O Final Assessment
About ITC Courses
ITC takes pride in delivering high quality, unbiased courses on professional and management liability insurance and related topics. Designed specifically for online delivery, our courses are interactive, include activities and quizzes, use practical illustrations and real-life case studies and deliver knowledge in bite-sized portions so even just 5 minutes is learning time well spent.
How we build courses
ITC courses are the product of a collaborative approach. We work closely with subject matter experts to build out course content, the ITC design team brings that content to life, and no course is published before undergoing an intense review by an industry panel. Our process also includes post-publication reviews and updates because ITC is committed to delivering quality courses that remain accurate, relevant and up-to-date, long after they are first published.
Broker, VP, Canada
ITC’s Understanding Financial Statements course fills a large gap in the specialty insurance industry and has the ability to take the burden off busy brokers trying to put time into training new hires. I highly recommend including this course in brokerage onboarding practices to help accelerate the training process or bolster knowledge already obtained. Understanding not just how to read financial statements but also having more background on why an underwriter is quoting the terms they are will help put brokers in a much better position to negotiate and advocate for their clients. This course is versatile enough to apply and be beneficial to non-specialists also.
ITC effectively tackles complex subject matters in a very creative manner. I would highly recommend to anyone looking to broaden their understanding.
Great way to enjoy an evolving subject matter. Thank you ITC, enjoyed that!
Tough topics. Beautifully presented.
Senior Underwriter, Canada
I’ve been in the industry for nearly 15 years and event I learned some things in this course! It’s a straightforward and intelligent way of presenting a complex issue. Not a small feat.
Everyone will find this course helpful, no doubt.
ITC has done it again! This is the most comprehensive course on Employment Practices Liability I’ve ever seen. The subject matter is presented clearly and broken into subsets allowing you to spend only a few minutes or longer as your time permits. Examples are applicable to real-life situations. Excellent for new and established professionals!
Frequently Asked Questions
Are there prerequisites for ITC courses?
With ITC, you can take any course at any time. For the best learning experience, a prerequisite may be recommended in the course description.
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We take pride in providing up-to-date relevant courses! ITC is committed to reviewing all course content at least once a year and making any necessary updates or additions to course materials.
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We provide a digital certificate of completion for all successfully completed courses.
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All ITC courses and subscriptions are priced in USD.
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When you purchase a single course you will receive lifetime access to the course from any device. This includes any future updates to course materials.
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We offer a risk-free 30-day money-back guarantee on all our courses. If you are not happy with your ITC course purchase you have up to 30 days from your original date of purchase to contact ITC at firstname.lastname@example.org to request a full refund. All we ask is that you provide us with the reason for your refund request. It is feedback from clients like you that helps us to improve our courses.
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When you sign up for an ITC subscription, you’ll immediately have unlimited access to the entire course library and you can cancel at any time. But why would you want to? Having ongoing access to course materials means you can refer back anytime you like, brush up on important concepts, or even retake those sections that you keep forgetting (of course, we’re not saying that you’re forgetful). Plus, the longer you subscribe, the more courses and resources you’ll get because we are continually investing in adding new courses and updating existing ones.
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Will I be able to get a refund for my subscription if I cancel?
Our risk-free 30-day money-back guarantee also applies to our subscription services. If you’ve purchases a monthly or annual subscription you have 30 days from your original date of purchase to contact ITC at email@example.com to request a full refund. All we ask is that you provide us with the reason for your refund request.
Please note, when a subscription is refunded, your account with ITC will be closed. Completion certificate(s) for any courses you may have already completed during your subscription will no longer be accessible. And we will be sad to see you go.
If I decide to cancel, why does ITC need to know why?
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Does ITC have purchase plans for businesses?
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