Directors & Officers Liability (D&O)

Non Profit Directors and Officers - D&O

Insures Corporate Directors and Officers against claims alleging mismanagement or wrongful acts, alleged errors, misleading statements, and neglect or breach of duty.

• Protection of the personal assets of directors and officers

  Reasons why a company would purchase D&O Coverage:

• Cost of defense is high, even if the claim is false
• Settlements can often exceed the net worth of a company
• Difficulty attracting qualified board members without such protection
• Contact us to pre-qualify an account before completing an application to save you time

Preferred Classes for Profit Businesses:

• Agricultural
• Manufacturing
• Publishers
• Retail Business
• Service Companies
• Service Firms

Acceptable Classes for Profit Businesses:

• Banks
• Captives
• Cooperatives
• Finance Companies
• Insurance Companies
• Investment Companies
• Joint Underwriting Associations
• Money Managers
• Mortgage Bankers/Brokers
• Mutual Funds
• Pension Funds
• Risk Retention Groups
• Savings & Loans
• Savings Banks
• Security Broker / Dealers

Non Profit Business Preferred Classes:

• Advocacy Groups
• Art and Cultural Center
• Churches
• Chamber of Commerce
• Civic Associations
• Food Bank
• Foundation
• Homeless Womans Shelter
• Humane Society
• Library
• Meals on Wheels
• Mental Health Drug Alcohol Counseling
• Rescue Mission
• Youth Services / Junior League
• Trade Associations

Non Profit Business Acceptable Classes: 

• Daycare
• Country Club / Yacht Club
• Residential Facility / Group Home
• Private School (K-12)
• Low Income Housing
• Employment Counseling / Job Training Services
• YMCA / YWCA
• Associations for Retardee Citizens
• Hospice
• Urban League
• Church
• Crisis Center / Hotline
• Goodwill Industries
• Fairs Exhibitions
• Safety Council 
• Alumis