Director Liability: The Law and Insurance
Trevor Hole – Divisional Manager, Professional & Executive Risk Services
Jardine Lloyd Thompson Pty Ltd
Adelaide – Thursday, 5 June 2014
© Governance Institute of Australia
Major Concerns for Directors and Officers and Insurers of Directors and Officers
• Advancement of Defence Costs
• Workplace Health and Safety Legislation
• Litigation Funders
• Other
Advancement of Defence Costs
- BridgeCorp
- Chubb v Moore (Great Southern)
Impact on policy cover - Solution
Workplace Health and Safety Legislation
Are the Fines Covered By Insurance? – What Policies Do I Need?
- Directors and Officers Liability
- Statutory Fines and Penalties Policy
- Management Liability
Litigation Funders
Shareholder Class Actions
a. Directors
b. The Entity
Impact on Policy
Solution- Side C Cover
Other Matters
- Recent Queensland Legislation
- CAMAC Review
- Policy Fit for Purpose- Public Listed Companies- Private Companies- Mutuals- Not-for-Profits
© Governance Institute of Australia