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OnDemand Course

Insurance Considerations for In-House Counsel

Learn how different types of insurance can benefit your client's company and what insurance you should be considering for your client's company as a legal professional.

This topic will provide practical information and advice for corporate in-house counsel on understanding, buying, and utilizing insurance coverage. This material will provide an overview of common roles and responsibilities within companies in connection with insurance issues and will address key considerations for purchasing appropriate insurance. Review the core coverages most companies require to operate their business and additional coverages that help protect against other common types of risk. This information will identify the most common mistakes by company actors in handling insurance issues and spotlight current trends in the insurance marketplace. To help illustrate these points, the material will draw upon and share multiple real-world examples.

65 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Corporate Actors With Insurance Duties

  • CFO/Treasurer
  • Risk Manager
  • In-House Counsel
  • Outside Agents

Factors to Consider in Evaluating Company-Specific Insurance Needs

  • Public or Private Entity
  • Industry
  • State and/or Federal Regulatory Regime
  • Assets and Number of Employees

Core Types of Insurance Coverage

  • Commercial General Liability
  • Property and Business Interruption
  • Errors and Omissions/Professional Liability
  • Directors and Officers

Additional Insurance Coverage Options

  • Employment Practices Liability
  • Fiduciary
  • Fidelity
  • Cyber
  • Foreign Package Insurance

Common Pitfalls

  • Insufficient Disclosure in Application
  • Late Notice of Claims
  • Voluntary Payments
  • Lack of Cooperation
  • Lack of Consent
  • Suit Limitation

Current Trends

  • ESG
  • Cyber and Crypto
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Maine, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on March 23, 2023.

Call 1-866-352-9540 for further credit information.

  • AK CLE 1.0
     
  • Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
     
  • AL CLE 1.1
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
     
  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.0
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.0
     
  • Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • GA CLE 1.0
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • IL CLE 1.0
     
  • This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
     
  • IN CLE 1.1
     
  • This program has been approved by the Indiana Commission on Continuing Legal Education. Participating attorneys are eligible to receive up to 1.1 hours of Distance Education credit.
     
  • KY CLE 1.0
     
  • This activity has been approved by the Kentucky Bar Association Continuing Legal Education Commission for a maximum of 1.0 credits.
     
  • MO CLE 1.3
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • ND CLE 1.0
     
  • North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
     
  • NH MCLE 1.1
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 65 Minutes.
     
  • NV CLE 1.0
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
     
  • NY CLE 1.0 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • OR CLE 1.0
     
  • Approved for 1.0 CLE credits in Oregon.
     
  • RI CLE 1.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
     
  • VT CLE 1.0
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WA CLE 1.0
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
     
  • NALA 1.08
     
  • This program is applicable for continuing legal assistant education credit. Please check with your accrediting board to see if this course will qualify towards your recertification requirements. Program Length: 1.08 hour(s).
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lauren Gubricky

Lauren Gubricky

Reed Smith LLP

Lauren S. Gubricky

  • Associate in Reed Smith’s Insurance Recovery Group based in the firm’s Chicago office
  • Represents corporate policyholders in a wide range of insurance coverage matters in state and federal courts
  • Focuses on complex insurance coverage matters involving general liability, first party property and business interruption, commercial crime, title insurance, and representations and warranty coverage
  • Represents clients in multiple industries, including healthcare, manufacturing, transportation, real estate, and education
  • Clerked at the Office of the Illinois Attorney General in the Criminal Enforcement Division and was a member of the DePaul Law Review during law school
Noel C. Paul

Noel C. Paul

Reed Smith LLP

  • Partner in Reed Smith’s Insurance Recovery Group based in the firm’s Chicago office
  • Advises companies on insurance and risk management issues and is experienced in representing clients in complex commercial and insurance coverage litigation in state and federal courts across the United States
  • Focuses his practice on recovering insurance for policyholders under commercial general liability, professional liability, property, directors and officers’ liability, and cyber/tech/media liability policies, among other types of coverage
  • Representations range from large publicly-traded corporations to mid-market private companies covering a diverse range of industries
  • Named among Best Lawyers for Insurance Law for 2020–2022 and an Emerging Lawyer by Leading Lawyers in the categories of Directors & Officers Liability Law and Insurance, Insurance Coverage & Reinsurance Law
  • 2021 winner of The American Lawyer’s Litigation Department of the Year: Insurance
  • Author or co-author of numerous articles on insurance recovery issues
  • Speaker and panelist at numerous engagements
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 410531
Published 2023
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