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OnDemand Course

Directors and Officers Liability

Ensure your clients have the coverage they need with an update on D&O liability insurance and current D&O liability issues.

In an era of uncertainty and increased financial risks arising out of economic woes, data privacy concerns, social media, and political/economic uncertainty, directors and officers must be acutely aware of the potential for alleged and actual liability and the protection that their D&O liability insurance affords to provide for a defense and indemnity for any claim, settlement or judgment. This topic will provide you with insight into current issues and trends in the D&O liability insurance arena and provide guidance regarding common issues that arise during a claim for D&O liability insurance coverage. It will open with a discussion of the liability landscape, focusing on common claims and current issues. This topic will also address how D&O insurance operates, including a discussion of the coverage sides, coverage add-ons, covered and noncovered conduct, and treatment of defense costs. It will conclude with a discussion of the current issues and trends in the D&O liability environment and issues that may arise in the negotiation and renewal of D&O liability policies.

93 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Liability of Directors and Officers: The Current Landscape

Current D&O Liability Issues

D&O Liability Insurance Overview

D&O Insurance for Public and Private Companies

Scope of Covered Conduct

Defense Costs Coverage

Hot Topics and Critical Issues

Restitutionary Damages and Disgorgement Issues

Coverage for Investigations

Rescission and Severability

Conduct Exclusions

Coverage for Punitive Damages

Bankruptcy-Related Issues

The Policy Negotiation and Renewal Process

Increased Sophistication/Sensitivity of Officers and Directors

Negotiating Wording

Looking to the Future

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Why Lorman?

Over 35 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 Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on November 20, 2020.

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

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • NM CLE 1.5
     
  • This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.5 hours of credit.
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

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Why Lorman?

Over 35 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

Kevin B. Dreher

Kevin B. Dreher

Barnes & Thornburg LLP

  • Partner in the Insurance Recovery Group in Barnes & Thornburg LLP’s Chicago and Michigan offices
  • Practice focuses on commercial litigation with an emphasis on representing policyholders in complex litigation and insurance disputes
  • Insurance coverage practice is nationwide and has involved litigation in jurisdictions throughout the United States
  • Significant experience representing and counseling Fortune 500 companies in a variety of complex commercial litigation and insurance matters
  • Handled disputes in negotiation and litigation with all major U.S. insurers, and London and Bermuda market insurers
  • Can be contacted at 312-214-8308 or [email protected]
Noel C. Paul

Noel C. Paul

Reed Smith LLP

  • Partner in Reed Smith’s Insurance Recovery Group based in the firm’s Chicago office
  • Advises companies on insurance and risk management issues and is experienced in representing clients in complex commercial and insurance coverage litigation in state and federal courts across the United States
  • Focuses his practice on recovering insurance for policyholders under commercial general liability, professional liability, property, directors’ and officers’ liability, and cyber/tech/media liability policies, among other types of coverage
  • Representations range from large publicly-traded corporations to mid-market private companies covering a diverse range of industries
  • Named among Best Lawyers for Insurance Law for 2020 and 2021 and an Emerging Lawyer by Leading Lawyers in the categories of Directors & Officers Liability Law and Insurance, Insurance Coverage & Reinsurance Law
  • Named Illinois Super Lawyers Rising Star 9 years in a row
  • 2021 winner of The American Lawyer’s Litigation Department of the Year: Insurance
  • Author or co-author of numerous articles on insurance recovery issues
  • Speaker and panelist at numerous engagements
Caroline M. Upton

Caroline M. Upton

Barnes & Thornburg LLP

  • Of counsel in the Insurance Recovery Group in Barnes & Thornburg LLP’s Chicago Office
  • Represents corporate policyholders at all stages of the insurance recovery process, from insurance counseling to coverage disputes and litigation
  • Assists clients in a wide range of insurance coverage areas, including general liability and business risks, cargo and marine claims, first-party property and business interruption rise, product liability, Bermuda Form claims, and more
  • Experience handling coverage disputes with major U.S., London and Bermuda market insurers, and in jurisdictions across the United States
  • J.D. degree, University of Illinois College of Law; B.A. degree, Allegheny College
  • Can be contacted at 312-214-8830 or [email protected]
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Why Lorman?

Over 35 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408123
Published 2020
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