Venture Capital/Private Equity Firms Construction/Contractors Manufacturing Aviation Non-Profit

D&O Loss Prevention Seminar

Our Loss Prevention program begins with a educational seminar, designed to alert your organization's directors, officers, and employees to current legal and insurance industry trends and conditions. We discuss the types of law suits currently in the court systems, and how to avoid the conditions that cause such suits.

The seminar is conducted in private, with only the board of directors and selected employees of your organization in attendance. This allows for specific conditions and exposures to be discussed.

Below is an outline of topics covered in the seminar:

Introduction

Management of Non-Profit Organizations

General principles governing D&O Liability

1. Basic Duties
1. Duty of diligence
2. Duty of loyalty
3. Duty of obedience
2. Business judgment rule

Composition of Board of Directors

1. Director attributes
2. Independent directors
3. Size of board
4. Self-evaluation

Education

1. Mission of organization
2. Factual orientation
3. Legal orientation
4. Training seminars
5. Internal guidelines

Actions by Directors

1. Procedural considerations
2. Presentation of information
3. Conduct of meeting
4. Documentation

Delegation of Responsibility

1. Board committees
2. Management delegation
3. Staff selection and overhead controls
4. Reliance
5. Use of legal counsel

Conflicts of Interest

Loss Prevention Guidelines for Special Risks
(included as necessary)

1. Employment-related claims
1. Education
2. Proper documentation
3. Grievance procedures
4. Common sense
2. Anti-Trust claims
1. Identify risks
2. Competent counsel
3. Affirmative repudiation
4. Sensitivity of risk
3. Claims against health care providers
1. Quality assurance programs
2. Risk management programs
3. Collection and reimbursement practices

Maximize Legal Protections

1. Maximize Indemnification Protection
2. Elimination or Limitation of Liability
3. D&O Insurance
4. Document Retention Program
5. Legal Audit