On this session Ed Smerdon, our instruction for this class, will take us over the main points of that he will cover in this masterclass.

He stressed the importance of both coverage and claims. And as you will as as you progress, he spends significant time on the claims aspect of the policy. What are the typical type of claims and how they interact with the different sections of the policy. 

Ed also will explain the concept of the indemnification of directors, which is fundamental to understand the difference between Side A and Side B of the cover, and also the applicability of some of the extensions.

Finally Ed clarifies that some aspect of the cover will vary in different jurisdictions. But his presentation is essentially the London view of how the product. And it's not a substitute, obviously, for reading the policy and seeking advice.

In this module, the following points will be covered:

In this module you will learn about the sections that you will typically find in a D&O Insurance policy. The sections covered are: 

In this module you will learn what are the main insuring clauses of the D&O policy. In order words, you will learn what the D&O policy covers and who it covers.

The lesson will cover the following covers of the D&O policy:

In addition, in this lesson you will learn about the main definitions of the policy, and how those impact the scope of cover of the D&O policy:

 

The D&O insurance policy is all about covering claims. In this section, you will learn about some of the largest and most important D&O claims in history and what were the underlying causes. 

In this lesson we will explain to you the most common types of D&O claims and how they relate to the insurance cover clauses and extensions. 

  

In this module you will learn about the most common coverage extension of the D&O policy:

In this lesson you will learn about the main exclusion of the D&O policy. Basically these are the situation which insurers do not want to provide cover:

 

In this module you will learn about the clauses that define how the policy works. These clauses lead the insurers to having a much bigger exposure than they thought, or it can lead the insured to have much less cover than they thought. These clauses will help have a good understanding of the limits of the cover and how it works. The points that will be covered in the lesson are:

The D&O policy is all about covering claims. But any D&O insurance policy will provide a set of requirements that need to be met in order for insureds to get the cover. This is what this is module is about. The main clauses that will be explained in the module are:

In this module you will learn about the concept of indemnification, how it impacts coverage for directors, and the implications for the D&O insurance clauses 

The points that will be covered in the module are:

In this module you will learn the premium isn't the only part of the policy that's important. It is also important to look at the terms of the coverage as well and make a health check of the different sections of the D&O policy.