How to Insure D&O Liabilities

Overview

Directors and officers (D&O) liability insurance protects individuals from personal losses if sued for their roles in a business or organization. This course provides a detailed look at key provisions in D&O policies, including limits, retentions, coinsurance, conditions, exclusions, and claims-made coverage triggers.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • distinguish among a D&O policy’s three major insuring agreements
  • identify “covered damages” and “covered losses” definitions and their coverage limits
  • recognize EPL coverage in D&O policies and how endorsements expand it
  • identify critical policy conditions: severability, cancellation, subrogation, other insurance, arbitration, presumptive indemnification, and priority of payments
  • identify major exclusions, different versions, and their rationale
  • identify unique exposures of privately held organizations and how their coverage differs from corporate/for-profit firms

Designed For:

Property and casualty risk, safety, insurance, and finance professionals


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International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Prerequisites:
Basic understanding of commercial insurance and management liabilities
Advanced Preparation: None