Officer and administrators should continuously navigate new and rising dangers, and that pattern 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 lots of different components level to a different eventful 12 months for D&O exposures. Making certain enough safety for firm management is extra necessary than ever to draw and retain high expertise.
To assist navigate these challenges, Hunton insurance coverage accomplice Geoffrey Fehling not too long ago co-authored an important guidelines out there on Thomson Reuters Sensible Legislation that focuses on the crucial function D&O legal responsibility protection performs in government safety. The guidelines highlights necessary points for in-house attorneys, danger managers, present or potential future administrators and officers, outdoors counsel, and different danger and insurance coverage professionals to contemplate in figuring out, assessing, and responding to D&O claims. Subjects embrace:
- The function 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 forms 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 Government Safety: Key Points might be accessed right here. Figuring out, evaluating, and addressing these necessary points earlier than a D&O declare arises can assist stop protection gaps and maximize safety for board members and executives.