Officer and administrators should always navigate new and rising dangers, and that development will proceed in 2025. Ever-growing use (and misuse) of synthetic intelligence, elevated geopolitical danger, boardroom fallout following cybersecurity incidents, a brand new administration within the White Home, and plenty of different elements level to a different eventful 12 months for D&O exposures. Guaranteeing sufficient safety for firm management is extra vital than ever to draw and retain high expertise.
To assist navigate these challenges, Hunton insurance coverage associate Geoffrey Fehling not too long ago co-authored a necessary guidelines out there on Thomson Reuters Sensible Regulation that focuses on the vital position D&O legal responsibility protection performs in government safety. The guidelines highlights vital points for in-house attorneys, danger managers, present or potential future administrators and officers, exterior counsel, and different danger and insurance coverage professionals to contemplate in figuring out, assessing, and responding to D&O claims. Subjects embrace:
- The position D&O insurance coverage performs in government safety;
- Navigating the D&O insurance coverage underwriting course of;
- How D&O insurance coverage interacts with different sorts of insurance coverage;
- Methods to evaluate the sufficiency of an organization’s D&O protection;
- Advantages of devoted “Aspect A” D&O protection; and
- Recommendation on what to do when a declare arises.
A full model of the guidelines, D&O Legal responsibility Insurance coverage and Govt Safety: Key Points may be accessed right here. Figuring out, evaluating, and addressing these vital points earlier than a D&O declare arises might help stop protection gaps and maximize safety for board members and executives.
