Why do I need this policy when the organization I work for already has a General Liability policy?
Boards need this coverage because they may be required by law to indemnify their directors for legal costs. Many companies will not allow their executives to sit on other boards if this coverage is not in place. Most boards require that Directors & Officers coverage be in place to assure prominent citizens serving on the boards that they will be covered if exposed to personal loss.
This coverage addresses the "wrongful acts" of the board and its officers not covered by the General Liability Policy, such as employment practices or breach of duty.
There are at least as many non-profit agencies and as there are for-profit corporations. They vary in size, sophistication and purpose. Offered through A rated (excellent) carriers, this product is designed for charitable, religious or other public benefit nonprofit 501(c) organizations. These can include libraries, museums, foundations, associations, fraternal organizations, cooperatives, clubs, fairs, churches, urban leagues and social service agencies.
Coverage for public entities and schools is available through our separate Public Officials and School Board Liability programs.
Insurer: |
Various |
Best Rating: |
Available on surplus lines basis in all states |
Availability: |
Available in all states |
Eligible Accounts: |
Charitable, religious or other public benefit non-profit 501(c) organizations. These can include libraries, museums, foundations, associations, fraternal organizations, cooperatives, clubs, fairs, churches, urban leagues and social service agencies.
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Minimum Premium: |
$1,500 |
| Minimum Deductible: |
$1,500 |
| Limits Available |
Up to $10,000,000 |
Selected Policy Features: |
- Claims made coverage
- Full prior acts coverage available
- Consent to settle
- Defense costs in addition to limits
- Pay on Behalf
- Coverage written on primary basis
- Punitive Damages not excluded (where allowable by law)
- Wrongful acts definition includes civil rights violations
- Employment practices coverage included
- Separate limits for Public Officials Wrongful Acts and Employment Practices Wrongful Acts
- Personal injury coverage available for employment practices wrongful acts
- Coverage available for back wages and defense of employment practices claims seeking non-monetary relief.
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