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This program was recorded on February 6, 2020
D&O insurance is an important business asset that can protect both companies and their employees from catastrophic losses. Often, however, this asset is not closely scrutinized until such a loss presents itself. This course is designed to provide beginners with a basic understanding of D&O insurance coverage and those more experienced with information regarding recent developments that have shaped the availability of D&O insurance for specific types of losses. In addition to discussing the various components of a typical D&O insurance policy, this course will examine the extent to which policy enhancements are available in the current D&O marketplace.
Tom Marrinson is a partner in the Insurance Recovery Group of Reed Smith LLP, resident in the Chicago office. Tom’s practice includes coverage litigation, complex commercial litigation and insurance-related counseling. Tom’s coverage litigation experience spans a broad array of insurance disputes, including those involving the first-party property and business interruption, D&O, professional liability, asbestos, and other mass tort claims, environmental clean-up, and lead paint exposure. He also frequently counsels Fortune 500 companies on many types of insurance-related matters. Tom’s insurance coverage practice is international and has involved litigation and alternative dispute resolution proceedings in jurisdictions throughout the United States and abroad. Tom’s insurance counseling experience includes advising public and private companies on representations and warranties insurance, risk transfer and policy negotiation issues, as well as assisting in the placement of a diverse array of specialized coverages for film, television and one-off media events. Tom is a frequent lecturer on insurance-related issues and has authored numerous insurance-related articles and publications, including Insurance Coverage Disputes, a comprehensive guide to the law of insurance coverage, and Professional Liability Insurance, an in-the-trenches treatise for lawyers grappling with professional liability insurance issues.
2 General Credits
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- Coverage for fraud claims
- The application process and rescission for application misrepresentation
- Insurability of claims seeking disgorgement
- Coverage for claims seeking penalties and punitive damages
- Avoiding pitfalls when structuring a D&O coverage program with multiple layers of coverage
- Coverage for investigations
- The interplay of D&O insurance coverage with other forms of insurance coverage