Call Us 972-234-5588 ☰ ˟
Logo
Call Us: 972-234-5588
CallCall CallText Social Social Social Social Social
  • Home
  • About Us
    • Our History
    • Our Staff
    • Our Specialities
    • Testimonials
  • Products
    • Personal Lines
    • Commercial Lines
    • Industry Solutions
  • Get a Quote
    • Auto / Motorcycle / RV
    • Homeowners Insurance Quote
    • General Liability Quote
    • Workers Compensation Quote
    • Commercial Auto Insurance Quote
    • BOP Quote Form
    • Bond Request Form
    • Builders Risk Insurance Quote
    • Professional Liability Insurance Quote
    • Cyber Insurance
  • Customer Service
    • Report a Claim
    • Changes to Your Policy
    • Request a Certificate
  • Our Companies
  • Payments/Claims
  • Insurance Tips
    • Tips Blog
    • Builders Risk FAQ
    • Glossary
  • Contact Us
    • Contact Us
    • Our Location
    • Refer a Friend
    • Join our Newsletter
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Contractors Icon

Contractors

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Liability-Insurance > Nonprofit Directors & Officers Liability Insurance - Dallas, Richardson, Plano, TX

Nonprofit Directors & Officers Liability Insurance


Nonprofit Directors & Officers (D&O) Liability protects your board of directors and officers, the decision makers of your organization. There are circumstances where board members may be held personally liable for the actions of the nonprofit organization. D&O Liability insurance can help protect your board members personal assets and your organization by assisting in covering defense costs, judgments, and settlements arising from wrongful act allegations and lawsuits brought against your organization.

Do nonprofits really need this type of coverage, is it essential? The answer is YES! Without this coverage a nonprofits mission can be slowed to a halt before it ever begins, because board members will be reluctant to put their personal assets at risk.

A Good D&O policy should provide coverage related to:

 

·       All types of employment related actions

·       Accusations of mismanaged funds

·       Failure to meet regulatory standards

·       Harassment

·       Discrimination

·       Wrongful termination

·       Failure to perform official duties

Allegations and claims can come from employees, clients, or other third parties, such as funding organizations, government agencies, etc. Claims can range from conflicts of interest, to mismanagement of funds or fiduciary misconduct all the way to harassment and discrimination. No matter the reason, any and all of these allegations can lead to Expensive Lawsuits. If the nonprofit organization does have D&O insurance, board members personal assets are at risk!


There are two different types of nonprofit originations, each with different exposures. Public benefit nonprofit organizations, such as schools, libraries, museums, churches, hospitals, etc.; and Mutual benefit nonprofit organizations, such as credit unions, social organizations, trade associations, etc.

For more information, please read these articles on
Why Nonprofits Especially Need Protection Against D&O Liability Risks and Why Nonprofit organizations need D&O insurance More Than For-Profit Corporations

Nonprofits should also consider these important Coverages:


While nonprofit D&O policy’s offer protection to your board members and those making decisions in your organization, it does not provide coverage for all risks. Nonprofit organizations should also look into these other types of coverage:

Business Owner’s Policy

General Liability

Professional Liability

Employment practices Liability

Workers Compensation

Cyber Coverage

Fiduciary Liability

Crime

Business Auto Coverage

Employee Benefits Liability

Contact Us Today!
972-234-5588

Social Social Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

12160 Abrams Rd, #107
Dallas, TX 75243

Local: 972.234.5588 | Toll Free: 888.246.9291 | F: 972.234.5311
© Copyright. All rights reserved. | Powered by Insurance Website Builder