Directors & Officers Liability
Directors & Officers Liability (also known as D&O) covers a 'breach of duty' or wrongful act allegations and lawsuits arising out of the managerial decisions of volunteer board members, officers, employees and the organization itself.
These could include issues involving:
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Harassment, discrimination, wrongful termination or hostile work environment
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Failure to provide services
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Mismanagement of assets
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Unfair business practices
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Release of non-public information
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Negligent or wrongful acts in the management of the organization
Many nonprofits view D&O coverage as one of their most important coverage's. Damages recoverable from even a relatively small nonprofit organization can easily exceed the net worth of many individuals.