Nonprofit Director’s & Officers Liability Insurance

What if someone files suit against your group for a breach of duty? What if an officer gives misleading information? Directors & Officers Liability Plus picks up where Liability Plus leaves off by providing insurance protection for losses resulting from an actual or alleged error or omission, misleading statement or breach of duty. This coverage is sometimes referred to as management malpractice.

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Who is insured?

Coverage is available to any qualifying Nonprofit Chapter or Club wishing to purchase this insurance coverage. The following are Insureds under the policy:

  • The group as an entity.
  • Any Director; or Officer; or Trustee; or Employee; or Volunteer

What is insured?

The policy provides Directors & Officers Liability insurance protection up to $1,000,000 per occurrence /$1,000,000 annual aggregate for decisions made by an officer, director, or board. Coverage is included for the following:

  • Wrongful Act
  • Error or Omission
  • Negligent Act
  • Misleading Statement
  • Breach of Duty
  • Employment Practices Liability

Where is coverage applicable?

The territory of this particular policy is worldwide provided that the suit or proceedings are brought within the United States, including its territories and possessions, or Canada.

What is excluded?

There are some specific exclusions usual to Directors & Officers Liability insurance. There is NO coverage, or coverage is excluded for loss or claims arising out of:

  • Unjust enrichment, obtaining profit or advantage to which the Insured was not entitled
  • Any criminal, malicious, fraudulent, knowingly wrongful, or dishonest act or omission
  • Bodily Insury
  • Property Damage
  • Personal Injury
  • Intoxicants
  • Securities Exchange Commission exposures
  • Employee Benefit plans
  • Government grants