AIRMIC seeks to demystify D&O insurance

Trade association AIRMIC, in association with McGill & Partners, has published a new D&O guide.

The publication, Directors & Officers Liability Insurance: Perfecting Governance; Liability challenges and questions,  aims to provide an insider’s guide to D&O liability insurance for end users, and for board members in particular.

Twelve questions make up the core of the guide, focusing on practical issues that commonly arise.

Although designed to be answered by reference to specific policy wordings, the answers are intended to provide general guidance as to the likely position, subject to the significant caveat that no two D&O policies are the same.

The questions are posed from the point of view of directors and board members themselves and include:

  • What limit am I covered for and how do I know it is the right one for my industry sector?
  • Am I covered for the right types of exposures especially with regard to emerging risks?
  • What happens to my insurance protection when I leave the company?
  • What happens to my insurance protection in the event that the company is acquired by or merges with another company?

According to AIRMIC, there tends to be a mystique surrounding D&O liability insurance, which often results in a disconnect between the product and its end users, creating the risk of a significant expectation gap in the event of a claim.

The reasons for this mystique include: D&O polices tend to be relatively complex; no two D&O policies are the same or even directly comparable; and the general approach of D&O insurers is to provide cover on an affirmative basis.

Julia Graham, CEO, AIRMIC, commented:  “Asking the ‘right’ questions about directors’ and officers’ liabilities and insurance, before a problem arises, makes good management sense.

This guide is an important contribution to our members who support their leadership, as they collectively navigate an increasingly complex world and associated governance responsibilities.”

Follow us on twitter: @risksEmerging

Day 7 - last day - of the 75th World Health Assembly #WHA75 will resume at 09h00 CEST.
Follow live here http://bit.ly/WHA75

Find today’s programme in the Day 7 Journal https://bit.ly/WHA75JournalDay7

Security researchers discovered a novel attack method that enables an adversary to deploy malware onto a #Bluetooth chip even when an #iPhone is in a switched-off mode.

https://arxiv.org/pdf/2205.06114.pdf

#cyberattacks #mobilesecurity #mobilesec #infosec

The @ICOnews is playing a highly influential role in protecting children's privacy online on an international scale. Have a read of our latest #blog to find out more about the ICO's vital work in this area: https://bit.ly/3t17uHf l #DataProtection

印刷会社「デジタ」で3.6万人分の情報漏えいか メール本文やアドレスなど流出の恐れ - ITmedia NEWS https://www.itmedia.co.jp/news/articles/2205/27/news155.html
#security #technology

#DidYouKnow
'Human error was a major contributing cause in 95% of all breaches.' — IBM Cyber Security Intelligence Index Report.
It is the best time to invest and build a career in cybersecurity and equip against cyber attacks.

#CybersecurityAwareness #InformationSecurity #IIS

#ITSecurity : https://www.darkreading.com/application-security/chromeloader-malware-hijacks-browsers-iso-files?utm_source=dlvr.it&utm_medium=linkedin

How DNS Works

#infosec #cybersecurity #pentesting #oscp #informationsecurity #hacking #cissp #redteam #technology #DataSecurity #CyberSec #Hackers #tools #bugbountytips #Linux #websecurity #Network #NetworkSecurity #cybersecurityawareness #dns

Beware of Facebook frauds
#Alert #Beware #cybersecuritytips #cybercrime #staycybersafe #T4C #cyberpolice #MothersDay #MondayMotivation
@TelanganaDGP @ipstelangana @TelanganaCOPs @HiHyderabad @hydcitypolice @cyberabadpolice @RachakondaCop @cpwrl @Itslavanya @iKrithiShetty

Load More...
SHARE: