Clubs, associations and non-profits are not immune from lawsuits. Almost any day-to-day decision by anyone in a non-profit organization can trigger legal action. Such litigation not only can hurt the organization financially, but can also threaten the personal assets of the organization's members, trustees and executives. Such organizations require special, enhanced programs, available at premiums that won't break a non-profit's budget.
This specially designed D&O Policy is uniquely qualified to fill a wide range of special insurance needs for the non-profit sector. We offers programs specifically designed for community service organizations, such as libraries, civic clubs, girls and boys clubs, and scout groups. These programs can also be provided for any other non-profit organization.
The policies cover all directors, officers and employees, including staff, volunteers and committee members (past, present and future). Our non-profit D&O product offers full employment practices coverage and pays legal expenses as they are incurred.
Case in Point:
The trustees of a charitable organization decide to expand its activities into areas that were not explicitly envisioned by the founders. Soon after, the state’s Attorney General brings an action against the trustees alleging misuse of funds and property for operating outside the founding charter - even though no third party raised a complaint.
"It's better to evaluate your coverage in the boardroom, rather than in the courtroom."
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