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Tricks of the Trade:Maximizing Your Company's Corporate Liability Coverage and Minimizing Any Obstacles

Most companies understand the need to obtain corporate liability coverage. However, as companies now are embracing global business markets, their potential exposure to claims expands greatly. Thus, it is critical that a company understands what its corporate liability policies actually cover, what limitations may exist, how the policies interact with a company’s by-laws and indemnification agreements with its directors and officers, and potential obstacles to obtaining D&O coverage.

This on-demand webinar will discuss how the terms of your company’s corporate liability policies work, how to maximize your chances of securing coverage under these policies, and practical considerations after coverage is secured. This program will discuss the common pitfalls that can impact how much, and even whether, the insurance company must pay these claims, which include how and when to give notice of a claim; getting the defense fees paid by the insurer; how to ensure your company is satisfying its own duties under the insurance policy so that coverage is not limited, or even forfeited; and what to do when your company gets denials or reservation of rights letters from the insurer. While these may appear to be every day issues when dealing with insurance claims, you will learn how important these issues can be to whether your company obtains insurance coverage and/or is able to maximize the coverage available.

Learning Objectives:

  • You will be able to review of your policy, company's by-laws and indemnification agreements.
  • You will be able to describe the differences between E&O and D&O coverage.
  • You will be able to explain the nuts and bolts of how professional liability coverage works.
  • You will be able identify ways to maximize chances for insurance recovery.

Runtime: 55 minutes
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Corporate Liability Coverage – Nuts and Bolts of How Professional Liability Coverage Works

  • Understanding the Terms and Conditions and Why Your Company Needs Directors and Officers (D&O) and Errors and Omissions (E&O) Coverage
  • Differences Between E&O and D&O Coverage
  • The Interplay Between D&O Coverage and a Company's Bylaws and Indemnification Agreements With Its Directors and Officers

Mechanics of Securing Your Corporate Liability Coverage

  • Notice – How and When to Give Notice of a Claim or Circumstances
  • Defense Fees – How to Maximize Getting Your Company's Defense Fees Paid by the Insurer
  • Insured's Duties – How to Ensure Your Company Is Satisfying Its Own Duties Under the Insurance Policy so That Coverage Is Not Limited, or Even Forfeited, and What to Do When Your Company Gets Denials or Reservation of Rights Letters From the Insurer.

Ways to Maximize Chances for Insurance Recovery

  • Starts at Time of Negotiation/Underwriting of Policy – Disclosures to Insurer, Negotiation of Terms, Understanding Your Company's Risks
  • Review of Your Policy, Company's By-Laws and Indemnification Agreements
  • Keep Records – Document, Document, Document
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Susan White

Susan White

Manatt, Phelps & Phillips, LLP

Susan Page White

  • Insurance recovery partner at Manatt, Phelps & Phillips, LLP in Los Angeles, CA
  • More than 25 years of experience representing client insureds in complex insurance coverage matters, including bad faith
  • Provides advice to senior management and executives on how to mitigate risks and maximize insurance protections and recoveries with respect to policy procurement, negotiations, reviews, and renewals emphasizes all aspects of insurance recovery
  • Conducts regular seminars and workshops on numerous insurance issues, including recovery of attorneys’ fees from insurers, coverage under EPL Policies for wage and hour lawsuits; and insurance coverage for cyber liabilities and data breaches
  • Wrote several publications related to insurance
  • Member of the American Bar Association, including the ABA’s Committee on Insurance Coverage Litigation; Los Angeles County Bar Association, Litigation section; and Southern California Super Lawyers, 2011 to 2014
  • J.D. degree, Loyola Law School
  • B.A. degree, Wheaton College
  • Can be contacted at [email protected] or 310-312-4310
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 393295
Published 2014
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