Directors and Officers Insurance: Professional Indemnity, Liability and Cyber Risks

Training Objectives

• Identify the hazards associated with the provision of professional services
• Describe the coverage provided by insurance policies
• Apply techniques to decide the terms under which professional liability should be insured
• Identify the correct strategy for making and supporting valid professional indemnity claims
• Describe the duties of directors and officers
• Describe the principal benefits of a D&O policy
• Explain the principal extensions and exclusions included in a D&O policy
• Outline typical D&O claims
• Describe examples of cyber claims that have happened to small to medium enterprises as well as the high profile data breach claims that have been in the news
• Outline what first and third party coverage is provided under a cyber risks policy
• Know of the key risk management issues
• Understand how cyber risk insurance claims arise and the issues of dealing with these claims

Training Outline

• Professional Indemnity Insurance
• Directors & Officers Liability Insurance
• Cyber Risks Insurance

Training Style

Lecture with practical illustrations, case studies and discussion of real-life examples.