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Welcome to Insurance Covered, the podcast that covers everything insurance.In this episode, Peter Mansfield interviews Natalie Graham, the global head of claims at Mosaic Insurance, to discuss the intricacies of Directors and Officers (D&O) Insurance. They explore the definition, scope, and liabilities associated with D&O insurance, including the types of claims that can arise against directors and officers. Natalie shares insights on unusual claims, securities claims, and the global perspective on D&O insurance. The conversation also delves into who purchases D&O insurance, conflicts of interest, coverage and exclusions, and the scale of losses in the D&O insurance market. Finally, they discuss current issues and future claims in the D&O space, as well as advice for aspiring claims professionals.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.keywords Directors and Officers Insurance, D&O Insurance, Liability, Claims, Securities Claims, Insurance Policies, Corporate Governance, Risk Management, Insurance Market Hosted on Acast. See acast.com/privacy for more information.
The Central Bank and other international regulators have been prioritising 'individual accountability' for several years. The introduction of a 'Senior Executive Accountability Regime' ('SEAR') in Ireland is a significant step in that development. In this episode Stephen D'Ardis from Arthur Cox provides very valuable insights into the impact of IAF/SEAR on D&O Insurance and provides some sound advice as to what firms should do to ensure their D&O remains appropriate considering the recent changes.
For the first episode of Season 3, I'm talking about Enron and the company's spectacular rise and even more spectacular fall. It's a story about how creativity can sometimes mean stupidity, how culture impacts a company's survival, how hiring decisions matter, how ideas mutate, and how companies that put stock price and profits above all else can easily be the architects of their own demise. And--how blind people can be about a lot of things if what they are doing is making money. Who was responsible for Enron? What were the major causes of its bankruptcy? Who spoke up, and who listened (or didn't?) And what insurance responds when half of your executives are being criminally charged, and the shareholders and creditors are suing everyone they can think of? Join me to find out! Selected Sources and Links: 1. Enron: The Smartest Guys in the Room (2005) - IMDb 2. Guest Post: D&O What to Know: A Guide to the Evolution of Directors and Officers Insurance from 1933 to the Present | The D&O Diary (dandodiary.com) 3. https://nypost.com/2001/12/13/oh-boies-this-is-bad-ex-enron-cfo-hires-top-defense-lawyer/ 4. The defendants of the Enron era and their cases (chron.com) 5. Enron Executives: What Happened, and Where Are They Now? (investopedia.com) 6. SKILLING v. UNITED STATES (cornell.edu) 7. ARTHUR ANDERSEN LLP V. UNITED STATES (cornell.edu) 8. Enron: Annual Reports (enroncorp.com) 9. Enron: The Good, The Bad, The Lessons, Lori Zulaf, Peter Grierson, International Business & Economics Research Journal, Volume 1, Number 11 10. Enron: A Financial Reporting Failure, Anthony H. Catanach Jr. & Shelley Rhoades-Catanach, Vol 48, Villanova Law Review, 2003 11. The Other Enron Story, Toni Mack, Forbes, October 14, 2002 12. Is Enron Overpriced? Bethany McLean, Fortune, March 5, 2001 13. Monster Mess, Bethany McLean, Fortune, February 4, 2002 14. Hidden Risks, Toni Mack, Forbes, May 24, 1993 15. Why Enron Went Bust, Bethany McLean, Fortune, December 24, 2001 Sources with Paywall: 1. Timeline: A chronology of Enron Corp. - The New York Times (nytimes.com) 2. Disgraced Ex-Enron CFO warns D&O insurers on fraud risk (insuranceinsider.com) Books: 1. The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron: McLean, Bethany, Elkind, Peter, Nocera, Joe: 9781591846604: Amazon.com: Books 2. Conspiracy of Fools: A True Story: Eichenwald, Kurt: 9780767911795: Amazon.com: Books 3. The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives: Eisinger, Jesse: 9781501121371: Amazon.com: Books 4. Power Failure: The Inside Story of the Collapse of Enron: Swartz, Mimi, Watkins, Sherron: 9780767913683: Amazon.com: Books 5. Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation: Baker, Tom, Griffith, Sean J.: 9780226035154: Amazon.com: Books 6. A Financial History of Modern U.S. Corporate Scandals: From Enron to Reform: Markham, Jerry W: 9780765615831: Amazon.com: Books Music Credits: · Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library Contact Me: Website: https://insurancevshistory.libsyn.com Contact me! Email: insurancevshistory@gmail.com Instagram: @ insurancevshistory Facebook: Insurance vs History | Facebook
On this edition of Buzzing with Bryson, we welcome Cynthia McMullen. She's a senior account manager with Bryson insurance.Cynthia's passion is helping people! That, coupled with over 20 years of experience in the insurance industry, has allowed her to provide solutions for business owners and transfer risks and exposure to an insurance policy.Today we will talk about Directors and Officers Insurance – commonly referred to as D&O insurance. Discussion topics include:Why does a company need D&O insurance?How does it fit with other commercial insurance policies?What perils does a D&O policy cover?What types of businesses need D&O insurance?Why are so many businesses and non-profit organizations purchasing D&O insurance these days?We welcome your comments and questions and if you have a topic you want us to discuss, drop us a line at: podcast@brysoninsurance.ca.Bryson Insurance is a boutique insurance brokerage serving clients across Ontario and Canada. Bryson believes in building a personalized experience with those they serve by bringing a team approach to managing clients. Bryson's caring team of insurance professionals acts as an insurance partner focused on protecting your organization's ability to deliver on the company vision and brand promise. Experience the Bryson Difference today. Visit www.brysninsurance.ca to learn more.Until next time, have a great and safe day.
Insurance for psychologists and therapists who do more than just therapy with Catherine FranceIn this episode I talk to Catherine France who is an expert in insurance, and really helped me sort out my own insurance arrangements. We have lots of questions and anxieties around insurance, so I'm very happy to have her here today to answer some of the questions that come up when we're setting up in private practice and when we're thinking about doing more than just therapy in our practices. The highlights.How did you come to work in insurance?Catherine tells us how she came to work in insurance, focusing on small businesses 05:37 What insurance does an average psychology or therapy private practice need to have in place?Catherine takes us through the types of insurance we need to have in place, beginning with buildings, contents, and business interruption 09:36 Catherine talks about public liability and employers liability insurance 12:16 We discuss the big one: professional indemnity insurance 13:48 What level of insurance cover do psychologists and therapists actually need?We discuss the level of insurance you might need 17:08 We talk about how increasing your insurance may not cost much more in premiums 20:47 Catherine talks about insurance packages available for small businesses 22:04 Catherine advises us to check whether our professional indemnity includes abuse cover 23:18 I ask Catherine about critical illness cover and income protection 26:16 Do our insurance needs change if we start adding in digital products like online courses, blogs or ebooks?Catherine advises us on what to do to make sure our insurance keeps up to date as our business grows 29:25 What happens to our insurance if we have clients from overseas?We discuss why we need different cover depending on the location of our clients 33:28 Does our insurance have to change if someone from overseas buys a digital product from us?I talk about my experience of needing insurance to cover sales of digital products in the US 35:36 Catherine tells us about why cyber insurance is important 38:41 Are there different insurance requirements for sole traders and limited companies?Catherine tells us about directors and officers liability 45:52 Do psychologists and therapists need different insurance if we offer training to corporates?Catherine advises us on what may be required 51:04 Where can people find you?Catherine tells us how we can get in touch with her 53:34 Catherine's Links: Website: https://www.catherinefrance.com/ (https://www.catherinefrance.com) Instagram: https://www.instagram.com/catherinefranceuk/ (@catherinefranceuk) LinkedIn: https://www.linkedin.com/in/catherine-france/ (Catherine France) Twitter: https://twitter.com/cathfrance?lang=en (@cathfrance) Blog: 10 Step Guide to Directors & Officers Insurance https://www.catherinefrance.com/post/10-step-guide-to-directors-officers-insurance-you-might-be-surprised-to-find-out-you-need-it (https://www.catherinefrance.com/post/10-step-guide-to-directors-officers-insurance-you-might-be-surprised-to-find-out-you-need-it) ********** Thinking about creating an online course?If you are thinking about launching an online course in 2022 then I have a free guide that will get you started on the most crucial first step, building an audience for your course. When you download it you will be added to the waiting list so I can let you know when the course launches in February. As I mentioned it is included in DMTT membership so all existing members will automatically get access with no extra charge. Grab your course quick start guide now from psychology business school.com the link is in the show notes: https://psychologybusinessschool.com/creating-a-valuable-freebie-psychologist-course-creation (https://psychologybusinessschool.com/creating-a-valuable-freebie-psychologist-course-creation)
Typically, a management team runs a company and a board of directors monitors that team. Directors need to act in the best interest of shareholders, even if their decisions go against the management team. In this episode of Inspiring Minds, Jacob Bank VSB talks with Tina Yang, PhD, Associate Professor, Finance about the impact of Directors and Officers Insurance on the effectiveness of board governance. Dr. Yang says insurance companies can also serve as extra monitors on a company, based on investigations during the underwriting process.
In episode 139 of Financially Simple, Justin goes over the various types of Business Insurance. Accidents happen, along with natural disasters and acts with unintended consequences. In such instances, you'll be glad you had the right insurance policy in place to protect your and your business. Justin looks at the different types of Business Insurance policies, for small businesses and home offices, and explains which you need for your circumstances. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT: BLOG: Insurance Policies Small Business Owners Don't Know They Need TIME INDEX: 00:29 - Insurance to Protect from Lawsuits 02:27 - General Liability Insurance 03:55 - Product Liability Insurance 04:49 - Automobile Liability Insurance 06:03 - Worker's Compensation Insurance 06:51 - Directors and Officers Insurance 07:54 - Home-Based Businesses 08:24 - Business Owner's Policy 09:29 - Home Office Policy 10:10 - Business Pursuits Endorsement 11:14 - Personal Umbrella Policy 11:51 - Wrap Up USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _______ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List. The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration. This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.
Directors and Officers Liability Insurance provides financial protection for the directors and officers of your nonprofit-whether large or small. In this podcast, Jennifer Chenault and Carrie Hubbard from Lovitt & Touché provide super-important and interesting details about D & O insurance and how it impacts your organization. Directors and Officers insurance- super important and interesting! Starring Jennifer Chenault and Carrie Hubbard from Lovitt & Touché
Today’s question: Today’s question comes from Britton. We are building an e-commerce platform and want to make sure we cover our insurance needs before we launch. What is your recommendation? Jake’s answer: Insurance isn’t an exciting topic, but it’s an important one. Let’s talk about the different types of insurance you may need to have for your startup. As you start getting customers, this is something you’ll want to look into. Types of Insurance Errors and Omissions Insurance. This protects you from lawsuits covering negligence and is the baseline for most businesses. Cost for this type of insurance will vary and somewhat depends on how expensive the goods or services are that you’re selling. You’ll want to have between $500k-$2M in coverage. Cyber Liability Insurance. This covers everything digital that errors and omissions insurance doesn’t cover. Things such as cyber attacks are covered under this type of insurance and can cover data loss and business lost due to being hacked. Directors and Officers Insurance. This protects your business when claims are made against your management team. Things such as breach of duty are covered here and most of the time these types of claims come from investors. This also covers unfair business practices and more. Employment Practices Liability Insurance. If you are ever sued for employee related issues, this would cover you. Any HR related issue is covered under this policy. General Liability and Property Insurance. This covers damages to offices and equipment, slips and falls, etc. It encompasses a lot of random issues, but generally it covers everything not covered by other insurance types. What Insurance Should a Startup Have? If I was just getting started with my idea or had a handful of customers then I wouldn’t worry about any of this stuff. This is especially true for an ecommerce business. If you don’t have the money to cover them, then you probably don’t need them. Some of them are must haves no matter what though, including errors and omissions and general liability. If you have any employees then you need the employment practices and liability insurance. If you hire an accountant and a lawyer right away then they will be able to answer these questions specific to your business. Ask Your Own Question Got questions about startups and/or startup culture? We’ve got answers. Head over to LaunchChat.io and record your own question to have it featured on the show. Stay in Touch Ask your own question Follow Jake Twitter Check out Jake’s articles Medium Jake’s personal site Check out Launchpeer Follow Launchpeer on Twitter
Does your homeschool group need to protect your leaders? Sure you do, so you may consider purchasing Directors and Officers (D&O) insurance. D&O insurance is sometimes called “legal defense insurance.” It covers lawsuits filed against nonprofit board members, most which are related to employees. If your homeschool organization does not hire employees (and many do […] The post Does My Homeschool Group Need Directors and Officers Insurance? appeared first on Ultimate Homeschool Podcast Network.
FEO Board member and Insurance Broker Eric Davidson sits down with FEO CEO Dave MacNeil for a four (4) part series on Insurance for Festivals and Events. This podcast deals with Directors and Officers Insurance. If you are a Festival or Event that has a Board of Directors, this podcast is a must listen for you. You can contact Eric directly toll-free 1-800-463-6503 or by email edavidson@bkifg.com Our next podcast will be up later next week and will be an interview with Seamus Cowan and Robin Jones from Music Westport as we take a look at a small festival that thinks BIG!