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QUESTIONS RELATING TO D&O INSURANCE WHICH YOU SHOULD NOT BE AFRAID TO ASK ON BEHALF OF YOUR CLIENTS. FRANCIS KEAN, EXECUTIVE DIRECTOR WILLIS LIMITED 13th SEPTEMBER 2012. WILL YOUR CLIENTS HAVE ANY PROTECTION WHEN A CLAIM IS MADE?. Non disclosure Claims made Retirement/ resignation

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Questions relating to d o insurance which you should not be afraid to ask on behalf of your clients

QUESTIONS RELATING TO D&O INSURANCE WHICH YOU SHOULD NOT BE AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

FRANCIS KEAN, EXECUTIVE DIRECTOR

WILLIS LIMITED

13th SEPTEMBER 2012


Will your clients have any protection when a claim is made
WILL YOUR CLIENTS HAVE ANY PROTECTION WHEN A CLAIM IS MADE? AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

  • Non disclosure

  • Claims made

  • Retirement/ resignation

  • The right limit?


What are your clients insured for
WHAT ARE YOUR CLIENTS INSURED FOR? AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

  • Wrongful Acts giving rise to a claim

  • Investigations

    • Formal or Official

    • Required attendance

    • Are any investigations excluded?

    • An alternative approach

    • Beware of the extras


Does your clients d o policy walk the walc
DOES YOUR CLIENTS’ D&O POLICY WALK THE WALC? AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

  • Wrongful Act

  • Loss

  • Claim


Some other tricky coverage issues
SOME OTHER TRICKY COVERAGE ISSUES AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

  • Conditions precedent

  • Claims conduct and control

  • Separate legal representation

  • Allocation disputes

  • Coverage for fines and penalties

  • Dispute resolution mechanism

  • Follow on/ satellite litigation


How do i recommend the best policy for my client
HOW DO I RECOMMEND THE BEST POLICY FOR MY CLIENT? AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

  • Who is my client?

  • What does he/she/it want?

  • Find a good broker

  • Consider DARCstarTM


Any more questions
ANY MORE QUESTIONS? AFRAID TO ASK ON BEHALF OF YOUR CLIENTS

  • Email:

  • [email protected]

  • DARCstar:

  • https://welcome.willis.com/finexeventcalendar/Shared Documents/PDF Uploads/DARCSTAR Brochure.pdf

  • Willis Wire Blog:

  • http://blog.willis.com/author/franciskean/


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