CPD Webinar - Why you need to be talking to your Clients about D&O and EPL Cover Now!
The webinar will briefly explain the history of D&O and how the D&O marketplace is changing dramatically due to the Covid-19 lockdown and its effect on the economy. The sad fact is that many businesses will struggle badly over the next few month 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. The market will harden and that is why it is essential brokers have conversations with their clients now. It should also be noted that many more directors are being sued 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!
There will be more D&O claims arise against directors due to the recent Covid-19 outbreak – the webinar will explore the new sources of potential claims. EPL claims will probably see record levels by the end of this year again and we will explore why this is likely and why cover needs to be in place now.
The webinar will be presented by Alan Chandler, one of the most popular insurance presenters in the UK.
Learning Objectives:
By the end of this event delegates will:
Understand the benefits of a D&O and EPL policy and why it should be purchased now
Be aware of a director’s duties at common law and statute and explore how there will be a significant rise in claims
Be able to explain in plain English how the principal areas of cover operate.
Be able to explain the impact of Limits of Liability, costs and awards on a claims made wording.
This webinar will be delivered via the Zoom platform. Joining instructions will be issued to delegates prior to the event starting. Delegates will need to register before 12 noon on 24.06.2020 in order to receive joining instructions in advance. Should you have any queries please email amarshall@aspectsrecruit.co.uk
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.