Officers and administrators should continually navigate new and rising dangers, and that pattern will proceed in 2025. Ever-growing use (and misuse) of synthetic intelligence, elevated geopolitical threat, boardroom fallout following cybersecurity incidents, a brand new administration within the White Home, and plenty of different components level to a different eventful 12 months for D&O exposures. Making certain sufficient safety for firm management is extra essential than ever to draw and retain prime expertise.
To assist navigate these challenges, Hunton insurance coverage associate Geoffrey Fehling just lately co-authored a necessary guidelines out there on Thomson Reuters Sensible Legislation that focuses on the important function D&O legal responsibility protection performs in govt safety. The guidelines highlights essential points for in-house attorneys, threat managers, present or potential future administrators and officers, outdoors counsel, and different threat 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 govt 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 Govt Safety: Key Points may be accessed right here. Figuring out, evaluating, and addressing these essential points earlier than a D&O declare arises can assist stop protection gaps and maximize safety for board members and executives.