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Healthcare practice
Board-level concerns that can have an impact on Directors and Oicers Liability coverage
The past six months have put forth multiple catastrophic events, widespread social movements, political challenges, global trade concerns, signiicant
weather events, a dramatic and almost immediate recession, and of course, a global pandemic.
At no other time in history, have directors, oficers, and board members had such a myriad of concerns to monitor and address. This tumultuous period in
history brings forth constant challenges and potential implications relative to Directors and Oficers Liability coverage — including untested potential claims
triggers.
The following are the top 10 issues that board members are currently facing with signiicant concerns:
01 Liquidity, availability of 02 Business continuity 03 Lack of identifiable 04 Disruption in business
cash, debt payments,
available insurance
model
plans
financial solvency, coverage for business
availability of credit interruption losses
06 Availability of personal 07 Privacy issues revolving 08 Social unrest 09 Branding and marketing
around pandemic
movements/#metoo/
implications of well-
protective equipment/
safe work environments disclosures Black Lives Matter known products being
insensitive or offensive
to buyers
Directors, oficers, and trustees all have a responsibility to not breach their duty or care to their employees, their customers, their vendors, and their vital
business partners.
Knowledge and understanding of how risk and insurance intertwine, is critical to efectively being able
to nimbly and properly respond to challenges facing all corporations these days.
HopeWest — Lockton: A collaborative Healthcare Practice review 49 Lockton Companies
Board-level concerns that can have an impact on Directors and Oicers Liability coverage
The past six months have put forth multiple catastrophic events, widespread social movements, political challenges, global trade concerns, signiicant
weather events, a dramatic and almost immediate recession, and of course, a global pandemic.
At no other time in history, have directors, oficers, and board members had such a myriad of concerns to monitor and address. This tumultuous period in
history brings forth constant challenges and potential implications relative to Directors and Oficers Liability coverage — including untested potential claims
triggers.
The following are the top 10 issues that board members are currently facing with signiicant concerns:
01 Liquidity, availability of 02 Business continuity 03 Lack of identifiable 04 Disruption in business
cash, debt payments,
available insurance
model
plans
financial solvency, coverage for business
availability of credit interruption losses
06 Availability of personal 07 Privacy issues revolving 08 Social unrest 09 Branding and marketing
around pandemic
movements/#metoo/
implications of well-
protective equipment/
safe work environments disclosures Black Lives Matter known products being
insensitive or offensive
to buyers
Directors, oficers, and trustees all have a responsibility to not breach their duty or care to their employees, their customers, their vendors, and their vital
business partners.
Knowledge and understanding of how risk and insurance intertwine, is critical to efectively being able
to nimbly and properly respond to challenges facing all corporations these days.
HopeWest — Lockton: A collaborative Healthcare Practice review 49 Lockton Companies
