Directors' & Officers' Insurance and Employment Practices Liability in a plain English nutshell

Overview

Understanding the basics of D&O cover has never been more important.

Alan Chandler, who is one of the most popular insurance presenters in the UK, will briefly explain the history of D&O and how the D&O marketplace is changing. These changes include the facts that many more directors are being sued individually and also 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!

Will more D&O claims now arise against directors due to the recent Covid-19 outbreak? Alan will explore this possibility.

Too many brokers are saying to their clients that the maximum limit a company should set for D&O is the sum total of all the directors’ personal assets - this is wrong and will lead to a PI claim against that broker! Alan runs his own training and consultancy business, so does not come with any agenda for promoting a specific insurer's wording. This presentation will be focusing on how to make it easy to understand the main purpose of this valuable cover.

Learning Objectives

• To understand the benefits of a D&O & EPL policy;
• To be aware of a director's duties at common law and statute;
• To be able to explain in plain English how the principal areas of cover operate;
• To be able to explain the impact of Limits of Liability, costs and awards on a claims made wording.

Speaker Biography
Alan Chandler has undertaken operational management roles in three major global companies: NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Eleven years ago he set up his own training company, something that he had always longed to do as he is passionate about training. Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom. He has also trained many national prize winners. Alan has delivered training for almost all the local insurance institutes in the UK over the past few years, with his enthusiastic presenting style proving very popular. He is one of the few individuals who can teach at all levels of the CII examinations, and teaches almost all certificate, diploma and advanced diploma subjects. He is also one of the few people who can take someone from Certificate all the way through to fully qualified ACII and his pass rates exceed 96%. Alan has presented across Europe on many technical subjects to companies including Allianz, Zurich, Aon, Marsh and Willis. He has been involved in the setting up of many diploma and advanced diploma programmes in both the UK and Ireland and is driven by a passion to see increased professionalism within the insurance industry.

This presentation is suitable for brokers, handlers, underwriters and claims staff alike.