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Donate Your Time Without Risking Your Fortune
Posted by Alexander Wozniak on Mon, Mar 24, 2014 @ 09:16 AM

Often, a not-for-profit organization’s Board of Directors and Officers are volunteers who donate their time and expertise to help manage these institutions. Similar to serving on corporate, for-profit boards, these individuals risk being personally named in lawsuits alleging mismanagement. Consequently, Directors and Officers (D&O) insurance is typically made available to not-for-profits so that experienced professionals can serve on the Boards of these organizations without the fear of personal financial loss.

In today’s litigious society, even not-for-profit organizations and their Directors and Officers run the risk of being sued for an extensive list of alleged wrongdoing. They are susceptible to lawsuits alleging, among other things: discrimination (age, race, sex, employment, membership), harassment, wrongful termination, conflicts of interest, misleading reports or other misrepresentations, defamation, libel & slander (including through the use of social media), breach of fiduciary duty, wage & hour law claims and failure to deliver services.

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Topics: non-for-profit, Non-profits, Not-for-Profits, Alexander Wozniak

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