USI Colburn Insurance Service - Nonprofit Directors and Officers Liability

Now available in:

	-	Maryland
	-	New Jersey
	-	Ohio
	-	Pennsylvania
	-	Virginia
	-	Washington, D.C.

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Nonprofit Directors and Officers Liability

Nonprofit Directors and Officers Liability Insurance
Business Professionals who are directors, trustees, and officers of nonprofit organizations are subject to personal liability and lawsuits due to failure to properly perform their duties. Nonprofit D and O Liability insurance is an excellent way to protect your personal assets from these types of claims.

The term "nonprofit" is misleading, since many nonprofit entities can, and do, earn a profit. Examples include hospitals, nursing homes, condominium and homeowners associations, educational institutions, foundations, religious and social service facilities, trade associations, swim clubs, fraternal organizations and chambers of commerce.

Types of lawsuits filed against Nonprofit Directors and Officers are:

Improper employment related practices (wrongful termination, discrimination, etc)

Beneficiaries who feel that they were either denied benefits of the nonprofit or received less than they believe they were entitled to receive

Donors who allege that their contributions are either being wasted or are not being used to advance the purposes of the nonprofit organization as stated in its charter

Outside parties, who claim libel, slander or plagiarism due to the content of a presentation or publication by the organization

Board members who sue other directors, claims misinterpretation of the charter such as improper decisions regarding what funds and services are to be provided

There are a number of insurance companies that currently offer Nonprofit Directors and Officers insurance coverage and this creates a competitive environment that can result in low premiums, broad coverage and minimal deductibles for buyers that shop carefully for this protection. Recent years have brought an increase in the number of claims against people serving nonprofit organizations. Nonprofit Directors and Officers Liability Insurance is a good idea for business professionals who serve on a nonprofit board.

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1.	What does Wesport's Nonprofit Directors & Officers Liability coverage provide coverage for?
2.	Do I have to have my Lawyers Professional Liability Insurance through Westport in order to qualify for the Westport Nonprofit Directors and Officers Liability Coverage Unit?
3.	Will I get full prior acts coverage under the Westport Nonprofit Directors and Officers Coverage Unit if I have full prior acts coverage under my Westport Lawyers Professional Liability Coverage?
4.	Are stacked limits available under all of the Westport CPC coverage units?
More...

1.	Fireman's Fund - Nonprofit Organization Liability Insurance (PDF)
2.	Travelers Property Casualty - Non-Profit Management and Organization Liability Insurance Policy (PDF)
3.	Westport - Application for Nonprofit Organization Liability Insurance (PDF)
4.	Westport - CPC - Non-Profit Directors and Officers Liability Application (PDF)
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*	Forms can be viewed using the freely available Adobe Acrobat Reader. To download Acrobat Reader click here.