Too many conversations about Non
Profit Directors and Officers
Insurance deal directly with
complex coverage issues –
fundamental questions may be
overlooked. Here’s an
opportunity to get answers to
some of those basic questions...
WHY DO I NEED THIS
COVERAGE?
Non Profit Directors and
Officers are legally
responsible for the
day-to-day decision-making
of their organization.
Corporate responsibility
applies to Non Profits just
as it does to For Profit
organizations. Whether
publicly traded, privately
held, or non profit,
Directors and Officers can
be held personally liable
for any breach of duty. Our
product is tailored to
safeguard against the
exposures Non Profit
Directors and Officers face.
WHAT CAN I LOSE?
A board member’s personal
assets may be at stake in a
claim: Retirement savings,
investments, a home – even
one held in a spouse’s name
– could be at risk. Our Non
Profit Directors and
Officers Insurance can
protect an individual
director or officer’s
personal possessions against
high-priced litigation and
settlements.
WHAT WOULD I BE SUED
FOR?
Ever have to fire someone?
Organizations are now more
likely to be sued for
discrimination, harassment,
or wrongful termination than
to suffer a general
liability or property loss.
In addition, Directors and
Officers must always act for
the benefit of their
organization, avoid any
conflicts of interest, and
exercise the utmost skill
and care in decision-making.
Any perceived breach of
these duties can result in a
suit that will at the very
least incur defense costs.
Our product offers separate
limits of liability for
Directors and Officers and
Employment Practices
Liability claims as well as
defense costs outside the
limit of liability.
WHO IS GOING TO SUE
ME?
Employees, members,
volunteers and donors. These
are just a few of the
parties who may bring suit
against a Non Profit
Organization. Even if a
director or officer hasn’t
done anything wrong,
lawsuits must still be
answered and defense can be
costly. Nearly 85% of Non
Profits have an annual
budget that is less than the
average cost to defend a
claim closed through
litigation. Can a small
organization afford to
defend itself and indemnify
its leadership without Non
Profit Directors and
Officers Insurance?
COULD THIS REALLY
HAPPEN TO ME?
It may only take one suit to
shut down a Non Profit
Organization forever. In today’s
litigious society, defense costs
alone can cripple even the most
financially stable entity. With
the confidence and security of
our Non Profit Directors and
Officers policy in place, an
organization can concentrate on
its mission.
