The amount and cost of D&O coverage is a matter of basic concern to the healthcare director. There is a direct link to the commitment with which the board and individual directors approach their fiduciary duties, and the scope and effectiveness of D&O coverage.
This episode of the Governing Health podcast features special, real-world questions from healthcare chief legal officers for D&O expert, attorney, and Executive Vice President of R-T Specialty, LLC Kevin LaCroix. Kevin and Michael talk us through:
- The increasing cost of D&O coverage during the current “hard market”
- The relationship between effective governance and mitigation of D&O costs
- The D&O benefits of thoughtful post-pandemic return-to-work protocols
- Coverage issues relating to the definition of “claim” and the impact of a conduct exclusion
- The importance of maintaining corporate formalities at the board level
- D&O coverage issues arising from cybersecurity breaches
- Impact on D&O coverage from claims arising from inferior PPE offerings during the pandemic
- Privacy issues as a major looming D&O coverage concern
