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OnDemand Course

Insurance Considerations for In-House Counsel

Learn how different types of insurance can benefit your clients company and what insurances you should be considering for your clients company as a legal professional.

This topic will provide practical information and advice for corporate in-house counsel on understanding, buying and utilizing insurance coverage. This material will provide an overview of common roles and responsibilities within companies in connection with insurance issues, and will address key considerations for purchasing appropriate insurance. Review the core coverages most companies require to operate their business and additional coverages that help protect against other common types of risk. This information will identify the most common mistakes by company actors in handling insurance issues and spotlight current trends in the insurance marketplace. To help illustrate these points, the material will draw upon and share multiple real-world examples.

89 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

Corporate Actors With Insurance Duties

  • CFO/Treasurer
  • Risk Manager
  • In-House Counsel
  • Outside Agents

Factors to Consider in Evaluating Company-Specific Insurance Needs

  • Public or Private Entity
  • Industry
  • State and/or Federal Regulatory Regime
  • Assets and Number of Employees

Core Types of Insurance Coverage

  • Commercial General Liability
  • Property and Business Interruption
  • Errors and Omissions/Professional Liability
  • Directors and Officers

Additional Insurance Coverage Options

  • Employment Practices Liability
  • Fiduciary
  • Fidelity
  • Cyber
  • Foreign Package Insurance

Common Pitfalls

  • Insufficient Disclosure in Application
  • Late Notice of Claims
  • Voluntary Payments
  • Lack of Cooperation
  • Lack of Consent

Current Trends

  • Tort Verdicts and Increased Volume of Securities Claims
  • Tight Market - Higher Premiums and Lower Capacity
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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, New Hampshire, 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 April 14, 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.
     
  • CO CLE 2.0
     
  • Lorman Education Services is a Certified Provider, as recognized by the Colorado Supreme Court Continuing Legal and Judicial Education Committee. This program is approved for 2.0 credit hours.
     
  • 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.
     
  • OR CLE 1.5
     
  • Approved for 1.5 CLE credits in Oregon.
     
  • 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

Daniel Alperstein

Daniel Alperstein

Reed Smith LLP

  • Associate with Reed Smith LLP
  • Represented clients in a variety of insurance-recovery and other matters at both the trial and appellate levels, across state and federal court
  • Clerked for Associate Justice David R. Stras of the Supreme Court of Minnesota and Judge Robert E. Bacharach of the United States Court of Appeals for the Tenth Circuit.
  • J.D. degree, with high honors and Order of the Coif, University of Chicago Law School, served on the editorial board of The University of Chicago Law Review
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
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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.

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  • State Specific Credit Tracker
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Product ID: 406578
Published 2020
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