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3 Things Not-For-Profits Should Know About Directors & Officers Insurance
Posted by Raul Socha on Thu, Nov 21, 2019 @ 12:36 PM

Directors and Officers (D&O) coverage plays a vital role in an organization’s risk mitigation strategy, but for some not-for-profits, the insurance coverage may go under the radar. Executive leaders and board members should understand the basics of D&O coverage so they can carry out your fiduciary duties, as well as protect personal and organizational assets. The following provides a primer for what a not-for-profit’s C suite and board should know.

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Topics: Non-profits, Not-for-Profits, NFP, D&O Insurance, Raul Socha, Directors & Officers Insurance, D&O Coverage

5 Reasons Why Not-For-Profits Should Carry D&O Insurance
Posted by Bruce Walsh on Mon, May 16, 2016 @ 01:56 PM

Not-for-profit organizations receive the same treatment as for-profits when it comes to liability for errors, omissions or other wrongful acts that involve governance, employment practices or misuse of funds. Penalties and court cases could be involved that implicate the not-for-profit’s leadership and board of directors.

Historically, not-for-profits have not gotten off any easier than their for-profit counterparts in settlements (). Resolving employment, financial and governance-related liabilities can be particularly difficult for not-for-profits because they typically operate on budgets that are smaller and more likely to be affected by the reputational consequences that come with a liability issue than for-profits. An issue uncovered with how your not-for-profit manages its funds, for example, could have donors reconsidering their contributions.

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Topics: not-for-profit, Non-profits, NFP, Director & Officer Insurance, D&O Insurance

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