Continuing Education Credits

This course is approved for 2HR CE Credits for BC, AB, SK, MB and ON (technical).

Course Objectives

By the time you’ve completed this course you’ll be equipped to:

  • Determine which laws and regulations govern your organization, its directors and officers

  • Explain how and when D&O insurance pays out

  • Evaluate the coverage offered by your D&O policy and the options available

  • Describe what to do and expect in case of a claim

  • Upgrade your organization’s governance to minimize the chance of a claim

Course curriculum

    1. Welcome message

    2. Course objectives

    3. Downloadable material

    1. Chapter objectives

    2. The roles of directors and officers

    3. Laws for directors and officers

    4. Duty to manage

    5. Fiduciary duty

    6. Duty of care

    7. Quiz #1

    1. Chapter objectives

    2. What is directors & officers liability insurance?

    3. Indemnification

    4. The indemnification process

    5. Managing an indemnity and insurance program

    6. Quiz #2

    1. Chapter objectives

    2. The structure of a D&O policy

    3. Non-indemnifiable loss (also known as Side A)

    4. Indemnifiable Loss (also known as Side B)

    5. Entity Coverage (also known as Side C)

    6. Public company vs. Private company coverage

    7. Who's covered?

    8. What's covered?

    9. What's not covered?

    10. Policy extensions

    11. Quiz #3

    1. Chapter objectives

    2. The third party in D&O insurance claims

    3. What constitutes a claim under a D&O policy?

    4. What is a wrongful act under a D&O policy?

    5. Who can bring a claim against an organization?

    6. Causes of claims

    7. What is a loss under a D&O policy?

    8. Understanding policy reporting requirements

    9. Claims-made and reported policies

    10. Claims-made policies

    11. Reporting a D&O claim to an insurer

    12. Potential claim notification

    13. Extended reporting period

    14. How D&O claims are handled

    15. D&O claims: duty to defend

    16. Flow of funds - reimbursement or pay on behalf of

    17. Activity: What to expect from the claims process

    18. Quiz #4

    1. Chapter objectives

    2. A look at the risk of claims

    3. Understanding governance

    4. Reducing risk through good governance

    5. Guidelines for directors and officers

    6. Guidelines for the board

    7. Quiz #5

About this course

  • 68 lessons
  • 2 hours of video content
  • 2 Hours of CE Credits (technical)

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