The officers at nonprofits are often surprised to learn they are vulnerable to mismanagement lawsuits brought by third parties. These types of lawsuits are expensive to defend and can result in serious financial loss and damage to the organization’s reputation.

Having D&O Liability can help attract prestigious volunteers to your board of directors, as it helps assure them they will not be held personally liable for the actions of the board.

Coverage Features

• 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)

D&O Insurance Form

• Application

Submission Requirements
Please submit 30 days prior to expiration date:

• PACE D&O Application
• Most recent Audited Financial Statement or IRS 990 form
• Bylaws
• List of Directors
• Employment Handbook
• Workplace Harassment Policy