This course is approved for 2HR CE Credits for BC, AB, MB, SK and ON (technical).
By the time you’ve completed this course you’ll be equipped to:
Explain liability and the risks faced by fiduciaries
Describe the coverage on your fiduciary liability policy and options available
Explain the steps to minimize the chance of a claim
Know what to do and expect if a claim occurs
Advise on what to keep in mind when buying FL insurance
Welcome
Course Objectives
Downloadable material
Chapter introduction & objectives
Who is a fiduciary?
Sources of fiduciary liability
Fiduciary liability under CPBSA
Fiduciary liability under ERISA
Who is a fiduciary under ERISA
What are the duties of fiduciaries under ERISA
Quiz instructions
Quiz - Fiduciary Liability
Chapter introduction & objectives
Factors impacting liability exposures
DC plans and liability exposure
M&A and Pension Plans liability
Investor activism
Excessive fee litigation
Claims examples - what can go wrong
Examples of court decisions impacting the legal landscape
Quiz - A Look at Fiduciary Liability Exposures
Chapter introduction & objectives
What is Fiduciary Liability Insurance
What is covered - definition of plan
Who is covered by a FL policy
Fiduciary liability insurance policy
Standard insuring clauses
Fiduciary liability insurance extensions
Typical exclusions
Quiz - Fiduciary Liability Insurance
Chapter introduction & objectives
What constitutes an FL Insurance claim?
What is a FL Claim for damages against the insured?
What is a wrongful act?
What is loss under a FL policy?
Understanding policy reporting requirements
Claims-made policies
Claims-made and reported policies
Claims reporting requirements
Why claims should be reported “as soon as practicable"
Potential claim notification
Extended Reporting Period (ERP)
Claims reporting issues
How claims are handled
Defence and Settlement
Activity - the claims process
Quiz - Fiduciary Liability Insurance Claims
Chapter introduction & objectives
Common sources of claims
Minimizing the chance of a claim
Quiz - Managing the Risk of Fiduciary Liability Insurance Claims
Here are some additional CE approved courses
CE:1.5HR - BC, AB, SK, MB, RIBO (technical). Commercial Crime Insurance. Learn about risks, key coverages and claims requirements and important considerations for buyers and risk mitigation.
CE:1.5HR - BC, AB, SK, MB, RIBO (technical). Learn the terminology, concepts, and coverages of a cyber policy. This course presents coverage analysis and application with real-world claims scenarios.
CE: 2HR - BC, AB, SK, MB, RIBO (technical). Learn all about Directors and Officers Liability insurance. Gain the knowledge you need to explain and discuss D&O liability and insurance with clients and prospects.
CE: 2HR - BC, SK, MB, (RIBO & AB-pending). Learn about the risks covered by a Technology Errors & Omissions Insurance policy PLUS what kind of companies need it and what a claim looks like. E&O, cyber, network security, privacy breach.
