Club D&O Program

What is Not-For-Profit D&O Liability Coverage?

D&O is written to:

• Protect the personal assets of an organizations directors & officers & organization's mission;
• Protect the organizations assets;
• Provide reimbursement to the organization to indemnify D&O's for their losses; and
• Help the organization monitor & provide defense costs associated with responding to lawsuits & negotiations

Why Not-For-Profit Organizations Should Consider Buying D&O Liability Coverage?

• Cost of defending lawsuits may exceed the net worth on many non-profit organizations;
• Judgements can be financially crippling and can come from vendors, donors, competitors, & governmental regulators;
• Organization's indemnification may not be available;
• Business decisions made by board members can quickly impact the finances & operations of the organization;
• Unique conflicts of interest may exist due to complexity of responsibilities;
• Organizations will have a difficult time attracting qualified individuals to their boards without D&O coverage.

What Are the Sources of D&O Claims?

• Donors
• Competitors
• Employees
• Governmental Regulations
• Failure of a Fiduciary Duty
• Misuse of Donor-Restricted Funds
• Improper Conduct of Volunteers or Employees
• Failure to Fulfill Mission

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