Directors and Officers Liability Insurance
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September 2013 PowerPoint PPT Presentation


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Directors and Officers Liability Insurance. Presenter Name:Frazer Barton. September 2013. Introduction. GFC Finance Companies Pike River. Essential Requirements. Appropriate skill-set for board Sound balance sheet D & O cover. In what areas do Directors face claims?.

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September 2013

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September 2013

  • Directors and Officers Liability Insurance

Presenter

Name:Frazer Barton

September 2013


Introduction

Introduction

  • GFC

  • Finance Companies

  • Pike River


Essential requirements

Essential Requirements

  • Appropriate skill-set for board

  • Sound balance sheet

  • D & O cover


In what areas do directors face claims

In what areas do Directors face claims?

  • Resource Management Act

  • Health & Safety In Employment Act

  • Securities Act

  • Companies Act

  • Crimes Act


Level of cover

Level of Cover

  • Must be sufficient


Bridgecorp

Bridgecorp

  • Law Reform Act

  • Awaiting Supreme Court


Insolvency exclusion

Insolvency Exclusion


Fines

Fines


Insured v insured

Insured v Insured


Risks of conduct avoiding policy

Risks of Conduct Avoiding Policy


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