Directors & Officers Liability Insurance
A Directors & Officers Liability Insurance
policy protects the directors, officers, trustees, employees,
committee members & volunteers against claims arising from their duties,
allowing them to perform with confidence, while also allowing PACE providers
to attract well-qualified individuals to serve on their boards.
Features include
- Employment Practices Liability
- Wrongful act defined to include: discrimination, wrongful termination, sexual harassment
- Retention reduced by 50% or $10,000 when claim is resolved through mediation
- On-Line Risk Management Services at no additional charge
- Automatic Renewals for eligible accounts
- Claims-made form
- Entity coverage
- Duty to defend form
- Automatic coverage for nonprofit subsidiaries classified as 501(c)(3)
- Spousal liability coverage
- Non-cancelable except for nonpayment of premium
Optional Coverages
- Outside directorship liability
- Fiduciary liability (ERISA) coverage
(Optional Coverages subject to underwriting review)
|
D&O Insurance Forms
Application
Questions?
Maria B. Moreno
202.429.8553
maria_moreno@aon.com
|
New Business Submission Requirements:
- Preferably 30 days lead time
- PACE D&O Application
- Most recent audited financial statement or IRS 990 form
- Bylaws
- List of all directors
- Employment Handbook
- Workplace Harassment Policy
|
|
