Video

Pay on behalf

Pay on Behalf of vs Reimbursement

What does it mean when a policy is on a “pay on behalf of” or a “reimbursement” basis? ‘Pay on behalf of’ and ‘Reimbursement’ are two different approaches to paying the bills associated with a claim. Whichever way your insurance policy works, it helps to know and understand it before a claim happens.

Extended Reporting Period

Extended Reporting Period (ERP) Explained

An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only provides coverage for claims arising from wrongful acts that occurred prior to the inception of the ERP.

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

Extended reporting period timeline

‘Claims Made’ vs ‘Claims Made and Reported’

What are your policy’s claims reporting requirements? ‘Claims made’? ‘Claims made and reported’? Each has different implications so it’s important to understand the difference. Watch this video to learn more.

Indemnification and D&O

D&O: Indemnification and D&O Insurance – Side B Coverage

Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.

Non-indemnifiable loss

D&O: Importance of Side A Coverage

In this video we discuss non-indemnifiable loss, a.k.a. Side A coverage. Non-indemnifiable loss refers to coverage for directors and officers that have not been indemnified by the organization. It could be that the company is …

indemnification agreement

3 Components of a D&O Insurance and Indemnity Program

There are three tools available to directors and officers for protecting their personal liability. These tools fit together to become a comprehensive indemnity and insurance program. Understand how these tools work together and where D&O insurance fits into a larger indemnification program.

Resource Type: Video

Pay on behalf

Pay on Behalf of vs Reimbursement

What does it mean when a policy is on a “pay on behalf of” or a “reimbursement” basis? ‘Pay on behalf of’ and ‘Reimbursement’ are two different approaches to paying the bills associated with a claim. Whichever way your insurance policy works, it helps to know and understand it before a claim happens.

Extended Reporting Period

Extended Reporting Period (ERP) Explained

An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only provides coverage for claims arising from wrongful acts that occurred prior to the inception of the ERP.

Duty to defend

Duty to Defend

Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer.  Read more…

Extended reporting period timeline

‘Claims Made’ vs ‘Claims Made and Reported’

What are your policy’s claims reporting requirements? ‘Claims made’? ‘Claims made and reported’? Each has different implications so it’s important to understand the difference. Watch this video to learn more.

Indemnification and D&O

D&O: Indemnification and D&O Insurance – Side B Coverage

Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.

Non-indemnifiable loss

D&O: Importance of Side A Coverage

In this video we discuss non-indemnifiable loss, a.k.a. Side A coverage. Non-indemnifiable loss refers to coverage for directors and officers that have not been indemnified by the organization. It could be that the company is …

Duty to manage

D&O: Directors and Officers Duty to Manage Explained

The Duty to Manage. Any judgement as to whether or not directors or officers have acted as they should is assessed by the legal system in light of their legal duties. Have they acted as they agreed to when …

indemnification agreement

3 Components of a D&O Insurance and Indemnity Program

There are three tools available to directors and officers for protecting their personal liability. These tools fit together to become a comprehensive indemnity and insurance program. Understand how these tools work together and where D&O insurance fits into a larger indemnification program.

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