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Governance Bites #88, directors and officers insurance part 1, with David Burroughs
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In this episode, Mark Banicevich talks to David Burroughs about directors and officers insurance. He outlines what it is, who it covers, and what kinds of events it covers. Mark asks about the types of costs it covers, common exclusions, and how the cover period works (claims made). David outlines run-off cover, and then shares advice he would give to directors.
David Burroughs is a founding partners at Long Burroughs (https://longburroughs.co.nz/), a business risk advice business based in Auckland. Prior to establishing the firm, David worked at two major international broking firms, Willis and Marsh. David specialises in advising on all aspects of liability risk and provides detailed contractual risk mitigation advice and specialised insurance solutions. His expertise in these areas is enhanced and complemented by his law degree. David has comprehensive experience advising professional service firms, publicly listed companies, and privately owned businesses, across various industries.
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