Directors and officers of non-profit organizatios carry significant risk to their personal assets in the event of an organizational bankruptcy or insolvency. Organizations long with their directors, officers, employees and volunteers may be subject to numerous other types of claims that can incur significant defence costs over several years. It is important to remember that a lawsuit doesn't need to have merit to have a financial impact.
Insured Persons — Policy covers any persons who were or are directors, officers, employees, volunteers, trustees, and any duly constituted committees of the corporation.
Scope of Coverage — Broad definition of wrongful act, penal defense cover. Coverage extended to outside directorship liability when serving as a director of an outside entity.
Employment Practices Liability — Provides protection for claims arising against you from your employees or former employees caused by allegations such as wrongful termination, discrimination, or harassment.
Security and Privacy Liability ($250,000) — Protects the organization against third party cyber liability exposures: Network Security Liability, Privacy Liability, Electronic Media Liability
Please contact us for policy coverage details and more information about the CSAE D&O Policy.