1. You worked hard But you still face risks…

2. Picture your future… or perhaps you are already there…

3. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS You worked hard Career CEO Career CEO 2 companies2 companies 1 of which no longer exists - merger1 of which no longer exists - merger Thereafter served as Corporate Director Thereafter served as Corporate Director 5 companies over a period of time5 companies over a period of time 2 merged and no longer exist2 merged and no longer exist 1 Bankrupt1 Bankrupt

4. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS Personal Risk Management You were diligent – to the nth degree You were diligent – to the nth degree By-laws indemnified you to teeth By-laws indemnified you to teeth You had state of the art Directors & Officers (D&O) Liability Insurance in force You had state of the art Directors & Officers (D&O) Liability Insurance in force Sometimes you even saw it Sometimes you even saw it

5. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS Welcome to the Good Life Townhouse in Toronto perhaps NYC Townhouse in Toronto perhaps NYC Country Place North Country Place North Naples pied-a-terre Naples pied-a-terre No kids at home (finally) No kids at home (finally) Golf memberships at all required locations Golf memberships at all required locations Personal Cash flow never an issue Personal Cash flow never an issue Not too bad Not too bad

6. A couple of concepts for you… Watch closely…

7. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS This is time The PastLaterThe Future

8. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS Occurrence Based Insurance Incident Occurred Suit is brought – Claim is made Policy that was in force at this time pays – no matter when claim is made in future General Commercial Liability Products Liability generally work like this

9. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS D&O - Claims made Insurance Incident Occurred Suit is brought - Claim is made Policy that IS in force at this time pays – covers past directors Subject to retroactive date going back far enough!

10. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS Change the timeline Incident Occurred Suit is brought - Claim is made D&O Claims Made Policy in force Event i.e. Asset sale, wind down No coverage!! You were on the board here Insurance no longer in force or retroactive date does not go far enough back You are in Naples

11. Now what?? Give up some golf memberships? Live with your kids?! Unload some property?

12. PROTECTING BUSINESS LEADERS FOR FIVE GENERATIONS We have solutions for you Preventative And, if needed Defensive

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