Description
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 inhouse 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 realworld examples.
Time: 90 MINUTES
Learning Objectives
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
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Daniel Alperstein-Reed Smith LLP, Noel C. Paul – Reed Smith LLP
