Nonprofit Management Liability
Non-Profit organizations must orchestrate changing, varied pieces coming in and out of their orbit on a daily basis—volunteers, busy schedules of board members, and being at the whim of tight budgets and capricious donations. With so many ongoing duties, non-profits can often fall victim to being so passionate about their mission that they overlook the rudimentary task of protecting the organization from exposure to risk. While being so charitable and benevolent, non-profits are oftentimes not just prone, but easy targets for Machiavellian threats of litigation. In fact, non-profit organizations file twice as many D&O claims as public and private companies.
Our coverage goes beyond Directors & Officers Liability and includes the following:
Directors, Officers & Organizational Liability
Employment Practices Liability
Fiduciary Liability
Core Coverage Highlights & Program Specifics:
Primary Limits available up to $5,000,000 (excess limits available)
Claims Made
Broad Definition of Insured - includes past, present, or future directors, officers, trustees, members of commissions, committees, general counsel, employees, and lawful spouses. Employee includes: Full Time, Part Time, Volunteers, Seasonal, Leased, Temporary Workers and Independent Contractors
Retentions as low as $0 for individuals and $500 for organization
Defense Costs outside the indemnity limit of Liability
Duty to Defend
Full Prior Acts Coverage
Punitive damages, where insurable
Extended Reporting Periods options of 12, 24, & 36 months
36-month automatic Extended Reporting Period for former directors and officers for wrongful employment acts
Outside Directorship Liability for nonprofits
Third Party Liability
Separate Limits of Liability for each coverage
Optional Coverage Enhancements:
Priority of Payments
Wage & Hour (FLSA) costs of defense sub-limit
Antitrust, Broadcasting & Publishing and Intellectual Property sub-limit
Illegal Alien Investigative Proceeding sub-limit
Excess benefit transaction coverage
Domestic Partner Coverage
Waiver of Deductible if no liability
Donation Assurance
Kidnap Expense
Identity Theft Expense
Business Travel Accidental Death Benefit
Crisis Management Expense
Emergency Real Estate Consulting Fee
Key Executive Replacement Expense
Privacy Violation Coverage
Temporary Meeting Space
Terrorism Travel Expense
Workplace Violence Counseling