MLIS: How to Insure D&O Liabilities
This course is one part of a five-part series leading to the national designation, Management Liability Insurance Specialist (MLIS®). It may also be taken as a stand-alone class.
Directors and officers of for-profit, publicly-held corporations and not-for-profits corporations face a number of legal liability exposures. This course is designed to give a moderately experienced person in insurance a detailed look at the key provisions within a directors and officers (D&O) liability insurance policy and how they function within various claims scenarios.
The major areas this course addresses include:
1. Key insuring agreements,
2. Covered persons, organizations, and acts provisions,
3. Two of the policy’s most important defined terms: “covered damages” and “covered losses,”
4. Defense coverage provisions and defense procedures,
5. The manner in which policy limits, retentions, and coinsurance provisions apply,
6. Conditions and exclusions, and
7. Claims-made coverage trigger provisions
||Begins 30 minutes prior to the class start time
||Members: $195/ Non-Members: $295