Directors and Officers and Employment Practices Liability insurance in a plain English nutshell

The webinar will explain the history of D&O and how the D&O marketplace is changing dramatically due to the economy. The sad fact is that many businesses will struggle badly over the next few years and lots of redundancies will have to be made. This will result in a sharp spike in both Directors and Officers and Employment Liability Practices claims. It should also be noted that many more directors are being sued in recent times individually and that the amount of HSE prosecutions have trebled against individual directors since 2015.

This is no longer a cover that ANY director can ignore, and ironically if a director refuses D&O without consulting their fellow directors, they have massively increased their own personal D&O exposure.

EPL is a cover that like D&O is often misunderstood. Policyholders often believe they have full EPL cover in place because they have some employment practices liability cover under their legal expenses policy, this cover is usually very restricted and offers no where near the same protection as an EPL offering under a D&O policy. It is essential brokers understand the difference in cover between what a legal expenses policy provides and what an EPL cover offers.

This webinar, presented by Alan Chandler, one of the most popular presenters in the UK, will explore the sources of potential claims for both D&O and EPL. and how to put the right cover in place.

Learning Objectives:

By the end of this event delegates will:

• Understand the benefits of a D&O and EPL policy.
• Be aware of a director’s duties at common law and statute and understand how liability is increasing.
• Be able to explain in plain English how the principle areas of cover operate.
• Be able to explain the impact of Limits of Liability, costs and awards on a claims made wording.
• Be able to differentiate between the cover under an EPL offering, and the more limited employment dispute cover under a typical legal expenses policy.

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