D&O Insurance June 5th 2013.

Slides:



Advertisements
Similar presentations
1 Directors & Officers Liability Insurance & Disclosure of Information Moscow, November 19th, 2010 Karolina Vogelpohl, Regional Manager Financial Lines.
Advertisements

I NSURANCE B ASICS (D ON T R ISK I T ). W HAT IS I NSURANCE ? Risk management tool that limits financial loss due to illness, injury or damage in exchange.
CHAPTER 14 AUTOMOBILE AND HOME INSURANCE Sharing the Risk
Chapter 25 TYPES OF INSURERS AND MARKETING SYSTEMS
Types of Insurers and Marketing Systems
CFO Seminar September 13 th, 2014 Directors & Officers Insurance.
P A R T P A R T Property Personal Property and Bailments Real Property Landlord and Tenant Estates and Trusts Insurance Law 5 McGraw-Hill/Irwin Business.
Chapter 14 Risk Management.
CHAPTER 8 INSURANCE AND ASSURANCE. 2 R. Delaney Insurance and assurance An insurance policy is a contract between an insured person and an insurance company.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 36 Insurance Twomey Jennings Anderson’s Business Law and the.
Introduction to Economics: Social Issues and Economic Thinking Wendy A. Stock PowerPoint Prepared by Z. Pan CHAPTER 21 THE ECONOMICS OF HEALTH CARE Copyright.
Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. Annual International Nuclear.
SARIMS D&O Liability Market Update November 3, 2009 Valerie Cusano.
The Elements of a Crime To convict some one of a crime the crown must prove that two elements existed.
Master Policy and Unit Owner Policy June 11, 2015 Insurance.
Stock Market Analysis and Personal Finance Mr. Bernstein Risk Management, Insurance Companies and Home Insurance, pp June 5, 2015.
“FOLLOW THE LEADER” A BRIEF HISTORY OF “FOLLOW THE SETTLEMENTS” CLAUSES – THE U.S. VIEW Prepared for: AIDA Word Congress September 30, 2014 Prepared By:
Directors and Officers Liability an Overview. Directors and Officers Responsibilities To the stock holder Duty of Care Business Judgment Rule Duty of.
NAEP AUSTIN TX APRIL 8, AGENDA  Why we want certificates.  Types of insurance and limits  How to read a certificate.
What You Should Know About INSURANCE Created by Matt Wagner.
Chapter 6 Liability Insurance. What is Liability Insurance? There are many different types of insurance policies available, but liability insurance is.
Director Liability: The Law and Insurance Trevor Hole – Divisional Manager, Professional & Executive Risk Services Jardine Lloyd Thompson Pty Ltd Adelaide.
Insurance Terms Business Essentials. Term Insurance An insurance policy that provides coverage for a limited period, the value payable only if a loss.
INSURANCE Terms and Overview Created in part by The Texas Department of Insurance.
Joint Liability and Indemnity Several people or companies may contribute to one loss. Each party will pay damages in proportion to the amount of their.
Life Insurance. Today’s Learning Objective How does life insurance work? Life Insurance Basics Calculating Life Insurance Needs Term Life Policies Whole.
Update on Sponsor Insurance For Clinical Trials June 26, 2008 Ty Howe, Life Sciences Practice Leader Boston office.
T4.1 H&N, Ch. 4 Chapter Outline 4.1CONTRACTING COSTS OF RISK POOLING ARRANGEMENTS Types of Contracting Costs Ex Ante Premium Payments vs. Ex Post Assessments.
Insurance Personal Financial Management. Insurance and Risk Management Introduction Activity: With a partner. Read p. 501 Explore Insurance Options. 1.
 The forecasting and evaluation of financial risks  Identification of procedures to avoid or minimize their impact. Goals: ▪ Avoid or minimize losses.
McGraw-Hill/Irwin Copyright © 2004 by the McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 Objective and Risk Management.
 A way to “ensure” that you are protected from financial loss  When something bad happens, your insurance will cover some/all of the damage (sometimes)
CYBER SECURITY & ITS IMPACT ON FINANCIAL STATEMENTS AUDITS BOB WAGNER TUESDAY, NOVEMBER FLORIDA SCHOOL FINANCE OFFICERS ASSOCIATION CONFERENCE.
Directors and Officers and Entities Oh My!! Chris Amrhein, AAI Amrhein and Associates, Inc. Lorton, VA
Are you really protected against all Risk and liabilities? Are you sure that your Security Company have: Liability Insurance covering up to $ 2, ?
Insurance 101 Personal Finance. Learning Goal To be able to define terms relating to insurance.
1 EASTERN MUNICIPAL WATER DISTRICT Risk Management and Insurance Program Doug Hefley Director of Safety, Risk and Emergency Management June.
WHAT CAUSES INSURANCE PREMIUMS TO CHANGE?. General Insurance Terms--REVIEW Loss: an accident or illness that you have experienced which causes a financial.
INSURANCE: What you should know..  If you drive, you must have car insurance.  When something unexpected happens, you will be more likely to afford.
Business Law and the Regulation of Business Chapter 49: Introduction to Property and Property Insurance By Richard A. Mann & Barry S. Roberts.
ofessional-liability-insurance/
E&O Risk Management: Meeting the Challenge of Change
Inspection- An examination of the condition of the apartment.
Risk Management 101.
Unit 8: INSURANCE.
International Business Jeopardy
Can Cyber Insurance Stand in the Data Breach
E&O Risk Management: Meeting the Challenge of Change
Liability Coverage Structure Self Insured Retention ($3M)
What You Should Know About INSURANCE
Subprime Issues for D&O: Claims, Capacity and Pricing
UNDERSTANDING INSURANCE: Risk Management in a High-Risk Environment
Cyber Insurance: An Update on the Market’s Hottest Product
Insurance.
Insurance Program Summary of Insurance As of 07/01/08 (not to scale)
Personal Liability Insurance
Explain the nature of liability insurance
Security Storage & Trade of Physical Precious Metals
Board of Directors Roles and Responsibilities
Insurance Basics (Don’t Risk It)
Insurance and Risk Management
Defences and shared liability
Types of Insurance Advanced Level.
Unit 5: Personal Finance
Founding a business.
What You Should Know About INSURANCE
Chapter 34 Risk Management
What You Should Know About INSURANCE
IBT Performance Based Objective Chapter 1 – Basic Insurance
Personal Finance Risk Presented By Mrs. Bowden.
Presentation transcript:

D&O Insurance June 5th 2013

Curriculum General Information History Coverages Limitation Vendors

General Information Directors and officers liability insurance insurance to manager and executive persons of of the company Focus on those people and not the company itself Covers losses and high risk decisions of executive employee “Personal financial protection” Motivates employees to take higher positions in the company

History Developed by Lloyd‘s of London Established in USA in 1930‘s In the 1980‘s there was a „D&O-crisis“ Many companies took the chance to procure the insurance As a result they added a number of clauses in the policy the „D&O-market“ was born There is no standard D&O-form They used in a similar way (shared outline)

Coverages Insurance covers multiple organs: Management of the company Governing body General managers Executive positions Insurance comes in to action, if… … there is no bad intention … there is no loose of duty to take care of thirds (customers, vendors, own company/employees) … the insured person is not in knowledge of a fault in the past

Insurance protects you from both sides… Inside the company Outside the company executive organs customers employees vendors

Limitation In case of a accusation you have to keep in mind the following things: The claimant is the person who has to proof YOUR fault You are not guilty until someone is able to proof a possible mistake If you own stock options from the company you are work for, the insurance will not cover the full amount which is involved in the case Usually there is a compromise between the two parties The insurance will not cover any costs if you did something with a bad faith

Chartis Chubb Corp. The Travekers Companies ACE Limited XL Group Zurich Financial Services Allianz HCC Insurance Holdings The Hartford CNA Financial Group

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.