Directors & Officers and Company (D&O)
Employment Practices Liability (EPL)
Protect the personal assets of a company's directors and officers and organization's mission
Protect the organizations assets;
Provide reimbursement to the organization to indemnify D&O's for their losses; and
Help the company monitor and provide defense costs associated with responding to lawsuits and investigations.
Cost of defending lawsuits may exceed the net worth of most non-profit organizations.
Judgments can be financially crippling and can come from venders, donors, competitors employees and governmental regulators.
Organization’s indemnification may not be available.
Business decisions made by board members can quickly impact the finances and 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.
Failure of Fiduciary Duty
Misuse of donor-restricted funds
Improper conduct of volunteers or employees
Failure to fulfill mission