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60-minute live streaming program
  • May 13
  • 1:00 - 2:00 pm EST

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OnDemand Webinar

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

May 13

Learn how to review your current policy and maximize your chances for future insurance recovery.

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 topic 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. The information includes 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 everyday 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 to identify ways to maximize chances for insurance recovery.

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Why Lorman?

Over 33 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 By-Laws 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 33 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 course was last revised on April 30, 2014.

Call 1-866-352-9540 for further credit information.

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

Live Webinar Registration

  • AL CLE 1.0
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.0 hours credit.
     
  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.0
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • IL CLE 1.0
     
  • This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.0
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.0 hours of CLE credit under M. Bar R. 12.
     
  • NH MCLE 1.0
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 60 Minutes.
     
  • NJ CLE 1.2
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.2 hours of total CLE credit.
     
  • NV CLE 1.0
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
     
  • VT CLE 1.0
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hours of CLE credit.
     
  • WA CLE 1.0
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.0
     
  • This program has been approved by the Board of Bar Examiners for 1.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.2
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.2 MCLE hours.
     
  • HR Certification Institute 1.0 including Business 1
     
  • This program has been approved for 1.0 (Business) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     
  • CPE 1.2 including Business Management and Organization 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Management and Organization for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, LLC. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.0 hour.
     

Who should attend?

This live webinar is designed for presidents, vice presidents, business owners and managers, in-house corporate counsel, risk managers, CFOs, accountants, insurance professionals, human resource professionals, and attorneys involved in business law.

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More Program Information

Why Lorman?

Over 33 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 P. White

Susan P. White

Buchalter

  • Insurance recovery attorney at Buchalter in Los Angeles, CA
  • More than 30 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; and Los Angeles County Bar Association, Litigation section
  • J.D. degree, Loyola Law School; B.A. degree, Wheaton College
  • Can be contacted at 213-891-5070 or [email protected]
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Why Lorman?

Over 33 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: 407462
Published 2014, 2020
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