Everything a Risk Manager Needs to Know About D&O Liability and Insurance

DATE: Tuesday, May 20, 2014

TIME: 4:00 PM - 5:00 PM

VENUE: Russells Steakhouse/Salvatores Grand Hotel, 6675 Transit Road - Williamsville, NY

ORGANIZER: RIMS PERK - Upstate New York Chapter


While D&O insurance provides essential liability protection to directors, officers and companies, the claims process is a minefield for policyholders.  A risk manager needs to know which policy provisions to insist on and which to avoid as well as how countering typical insurance company defenses once a claim is filed, and how to keep an insurance company on board while settling a suit.  This session will cover these essentials.  Key policy language issues include "severability" of coverage for insurers not implicated in wrongdoing; priority of payment provisions when multiple parties are all seeking coverage; and the scope of "bad acts" exclusions.  Settlement issues include satisfying the insurer's desire for information and right to "participate" in a settlement, as well as whether settling with the primary insurance company can arguably endanger excess coverage.

Related People

D&O Insurance Attorney | Anderson Kill P.C.
William G. Passannante
Shareholder
New York

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