http://premierriskmanagement.com Insurance Risk Management Consulting from Premier Risk Management Mon, 29 Jun 2009 01:15:39 +0000 http://backend.userland.com/rss092 en Does your corporate D&O policy cover you after you retire? Really? For how long? In a recent New Jersey case, Schoon v. Troy Corp., two directors of were sued for breaching their fiduciary duty. One of the directors named in the suit had retired from the company a year or two before the suit was brought. Subsequent to ... http://premierriskmanagement.com/insurance-risk-management-does-your-corporate-do-policy-cover-you-after-you-retire.php Whether your business is small or large, public or otherwise, the purchase of insurance has become extremely complex. The issues surrounding business survival in the event of loss can be nearly insurmountable even with a comprehensive insurance program in place. Keep in mind that insurance does not cover it all, nor ... http://premierriskmanagement.com/insurance-risk-management-insurance-risk-management-consulting-food-for-thought.php As you may have gathered by now, you'll want to shop around, and negotiate your coverage – insurance carriers and underwriters want your business. Keep that in mind and know that everything is negotiable. As you can see, there are many issues to be considered when buying protection for officers ... http://premierriskmanagement.com/insurance-risk-management-director%e2%80%99s-and-officers-liability-coverage-part-six.php You should also be aware that your insurer may not cover you for securities fraud. A very common reason to buy D&O insurance is for protection against securities-law violations. Policies provide specific coverage for these claims while at the same time exclude claims related to fraud. One way to soften this situation ... http://premierriskmanagement.com/insurance-risk-management-director%e2%80%99s-and-officers-liability-coverage-part-five.php Outside the US directorship may not be covered. D&O policies may provide international coverage but the fine print reveals that it is only “to the extent possible.” This is very vague. Some countries including India, China, Russia and Brazil require that companies maintain local D&O policies. It is therefore important ... http://premierriskmanagement.com/insurance-risk-management-director%e2%80%99s-and-officers-liability-coverage-part-four.php To continue our discussion of D & O liability coverage, let's look at an aspect of claims denial. The insurance carrier may deny coverage for reasons unrelated to the claim against you. Insurers can rescind a D&O policy – return the premium and pretend as though there had never been ... http://premierriskmanagement.com/insurance-risk-management-director%e2%80%99s-and-officers-liability-coverage-part-three.php Let's continue our discussion of Director's and Officer's Liability Coverage issues from earlier today. What are the coverage concerns? D&O policies typically contain three coverage parts: “Side A”, which protects officers and directors when the company does not indemnify them; “Side B”, which reimburses the company when it does indemnify the officers ... http://premierriskmanagement.com/insurance-risk-management-directors-and-officers-liability-coverage-part-two.php As we discussed yesterday, there are some issues you need to be aware of when considering Director's and Officer's Liability Coverage. Let's take the issue of the amount of coverage. How much is enough? As an Organization you probably need more of it. There is no simple rule for how much D&O coverage ... http://premierriskmanagement.com/insurance-risk-management-directors-and-officers-liability-coverage-part-one.php Director's and Officer's Liability coverage can be very complex to purchase as well as an expensive part of an organizations insurance portfolio. Careful consideration of company operations, procedures and the coverage goals of the board members are required in order to determine the right program for a particular company. Cookie ... http://premierriskmanagement.com/insurance-risk-management-directors-and-officers-liability-coverage-series.php Disaster Response   Be sure to discuss terrorism coverage with your agency representative.   Keep copies of insurance policies and other critical documents in a safe and accessible location (e.g. a fire-proof safe).   Develop a Disaster Recovery Plan. If you already have one make sure that it is up-to-date.   Review your policy for off-site back-up of ... http://premierriskmanagement.com/insurance-risk-management-improving-security-and-disaster-response-potential-part-three.php