Director and Officer Insurance

Organizations run by a board of directors must not only protect the organization, but the board members themselves. Directors and Officers (D&O) protects the board from litigation costs associated with their professional work at the organization.

As members of the board, you make decisions on behalf of the organization and it’s members on a regular basis. However, you cannot please everyone and there are decisions made which may not turn out the way everyone thinks they should. Lawsuits can come from vendors, current and former employees, donors, beneficiaries, congregants, students or even community members, accusing the board of:

  • Actual or Alleged Errors
  • Breach of Duty
  • Misleading Statements
  • Misuse of Authority
  • Misuse of Funds
  • Negligence
  • Slander/Libel
  • Other Wrongful Acts

Directors and Officers liability insurance is designed to protect board members who may be individually named in a suit (exposing their personal assets) should they need to defend themselves for professional decisions made. Non-Profit Directors and Officers Liability (D&O) provides coverage for defense costs, settlements and judgments arising from lawsuits and allegations brought against the board of directors and/or the organization.

Call the experienced insurance agents at Beacon Insurance Agency to learn more about the insurance coverage we provide today!

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