Below you’ll find a selection of resources to assist with your continued learning and development. They include a range of books and online courses, as well as some useful websites for keeping up-to-date with industry news. Don’t forget, if you’re just starting out be sure to grab a copy of The Beginner’s Guide to D&O!
In D&O 101, Larry Goanos takes a look at directors and officers liability insurance through the eyes of a developing professional. Drawing on 25 years of experience as an attorney, underwriter and broker, Goanos combines his analysis with interesting and relevant stories from the D&O insurance markets. In addition to the primary material, Goanos includes a glossary of insurance terms and a chapter of career advice from more than 60 senior insurance professionals; including 25 current or former CEOs.
Directors and Officers Liability: Prevention, Insurance and Indemnification
John Mathias Jr and David Kroeger, 2014
Directors and Officers Liability: Prevention, Insurance and Indemnification takes a detailed look at executive risk in the United States. It examines common exposures faced by directors and officers, and provides useful insight into derivative and class action lawsuits, corporate reimbursement, and the role of D&O insurance in risk management. The authors, attorneys from Jenner & Block in Chicago, have included comprehensive coverage of insurance policies and indemnification agreements, with point by point analysis of common provisions, procedures, exceptions and gray areas.
Directors Duties (2nd Edition)
Andrew Keay and Leslie Kosmin, 2014
“A must have for those engaging with directors duties.”
– Business Law Review
Reflecting its straight-forward title, Directors Duties provides a fresh examination of this topic, explaining the role of directors within the corporate governance process. Coupled with an authoritative guidance on the consequences of a breach in duties, this publication provides a detailed analysis on the relief that can be ordered, potential defences, and how new statutory derivative proceedings can affect directors. The author provides much-needed guidance on the UK’s Companies Act 2006, using interpretations from similar laws from the Commonwealth and the U.S.
Directors & Officers Liability Insurance Deskbook
Michael Davisson and Martin O’Leary, 2012
Authored by attorneys from Sedgwick Law, The Directors & Officers Liability Insurance Deskbook is a useful resource for risk management professionals of all experience levels. It provides interesting and relevant discussion on a broad range of D&O liability issues, and covers topics such as claims settlement, settlement allocation, policy termination, non-renewal, coverage litigation issues, as well as recent developments in international D&O markets.
Directors and Officers Liability: Exposures, Risk Management and Coverage (2nd Edition)
Joseph Monteleone, 2012
“Highly recommended for profit and nonprofit directors and officers.”
– J.L. Weimer, Amazon review
Directors and Officers Liability: Exposures, Risk Management and Coverage, is a clear and concise D&O reference for insurance professionals. This book takes readers from start to finish through the entire spectrum of issues and considerations connected to the high-profile, high-risk area of D&O liability. Joseph Monteleone, a partner at Tressler LLP, shares over 30 years of experience as a hands-on practitioner who has dealt directly and successfully with the wildest range of D&O issues, coverage, and litigation. This resource covers international D&O exposures and other emerging risks using relevant case law and includes a newly expanded chapter describing common claims practices, coverage letters, claims settlements, as well as providing must have information on coverage disclaimers and reservations of rights.
“This book shows another side of the business that is both unexpected, funny and interesting.”
– Al Wayne, Amazon review
Larry Goanos, an insurance professional with over 20 years of experience, provides an entertaining and educational overview of professional lines insurance, such as directors and officers liability, and errors and omissions coverage. After its initial publication, Larry forwarded a copy to Warren Buffett, not expecting a reply. Instead, Mr Buffett called the book “worthy of accolades”, particularly emphasising the chapter on the September 11 World Trade Center attack.
“I’d strongly recommend that every undergraduate and graduate business school include this book as required reading”
– David, Amazon review
Learn how to ensure that your organisation incorporates the necessary processes, organization, and technology to accomplish strategic goals in Governance, Risk Management, and Compliance: It Can’t Happen to Us, this interesting publication from Richard Steinberg. Richard, an internationally recognised expert, reveals how to cultivate a culture, leadership process and infrastructure toward achieving business objectives and financial growth. Examining how and why some major companies fail while others continue to grow and prosper, he lays a sound foundation and provides critical insight for understanding the role of governance, risk management and compliance, and its successful implementation in today’s business environment.
Directors and Officers Liability Insurance
Adolfo Paolini and Deepak Nambisan, 2008
“This book provides a very welcome addition to the bookshelves which hitherto have lacked books on this important area.”
– Alison Green, Amazon review
The origins of D&O insurance and its application to modern risk management is explored by Paolini and Nambisan in their book, Directors and Officers Liability Insurance. Backed by extensive academic and professional experience, they explain why directors and officers should take executive liability seriously and provide readers with a thorough overview of D&O policy structures, coverage exclusions, and common issues. They outline the civil law consequences of directors liability and discuss how D&O policies can respond, covering topics such as defence costs allocation, policy limit aggregation and common reinsurance practices.
“I don’t think a better, more thorough, more useful book exists for non-profits managers and directors”
– Aaron, Amazon.com review
A Desktop Guide for Nonprofit Directors, Officers, and Advisors offers a comprehensive overview of the legal, accounting, and financial issues that nonprofit directors and managers grapple with every day. It provides the solid foundation that decision makers need to ask the right questions, understand the answers, and determine the best possible course of action in any situation. Peppered with practical examples from a wide range of nonprofits, including social services, schools and foundations, this book is the ultimate resource for anyone who wants to make better decisions, avoid organisation and personal liabilities, and ensure that their nonprofit delivers on its promise to stakeholders and regulators alike.
Management Liability Insurance Specialist (MLIS)
International Risk Management Institute (IRMI)
Management Liability Insurance Specialist (MLIS) is a continuing education program for insurance brokers, underwriters and risk managers. With an intense focus on E&O, D&O, and professional liability for nearly 20 years, IRMI has established itself as an authority on management liability risk management and insurance. This program contains a specialised curriculum focused on D&O liability, employment practices liability and fiduciary liability insurance. Suitable for anyone who designs, sells, buys, litigates or underwrites these insurances, the entire program is delivered online through a user-friendly interface. By completing its five core components, students are eligible to receive the prestigious MLIS certification, in addition to applying their newly acquired knowledge which itself brings many benefits:
- Increase sales buy using supportive explanations of D&O exposures
- Work more successfully with underwriters to negotiate better coverage and reduced premiums
- Advance your career by gaining respect and enhancing your professional credibility
- Avoid making embarrassing errors when arranging coverage
International Risk Management Institute (IRMI)
Also authored by IRMI, D&O MAPS provides a comprehensive analysis of more than 300 D&O insurance policies. This service is delivered totally online and includes access to the DO policy explorer, which allows users to compare policies using a unique side-by-side display of important coverage provisions. The D&O Coverage Guide contains a comprehensive, user-friendly analysis of D&O policy structures, and is packed with many practical tips on how to negotiate broader coverage. D&O Maps is quite simply the perfect professional tool for brokers, underwriters, risk managers, claims adjusters and lawyers.
Professional Liability Insurance
International Risk Management Institute (IRMI)
Written and updated by Robert Bregman from IRMI, Professional Liability Insurance provides actionable recommendations and useful insight into professional indemnity and management liability insurance. It provides readers with a helpful overview of risk exposures and explains how insurance can be used as an effective solution. With thorough policy descriptions and discussions of common problems and pitfalls, this online resource equips every insurance professional with the tools to confidently evaluate, negotiate and arrange these important coverages.
Francis Kean, Executive Director of Willis’ FINEX Global, brings 25 years of experience to his commentary of the London insurance market. Specialising in professional indemnity, financial institutions and directors and officers liability, he provides fresh and relevant discussion on current risk management topics.
Kevin M. LaCroix is a U.S. based attorney and insurance intermediary focused exclusively on management liability issues. Through his widely followed blog, D&O Diary, Kevin writes incredibly detailed posts about ongoing developments in the world of D&O liability.
D&O Discourse is a directors and officers insurance blog focusing on securities and corporate governance litigation matters. Written by staff at U.S. based law firm Lane Powell, this blog draws on many years of experience supporting some of America’s largest companies.
Prepared by the team at IRMI, D&O Compass is a free monthly newsletter summarising the latest developments in directors and officers liability insurance.