Directors and Officers Liability Insurance, Errors and Omissions Insurance, and Employee Practices Liability

Make sure your clients are adequately protected with Directors and Officers (D&O) coverage. A D&O policy covers lawsuits brought against an organization for wrongful acts arising from the organization’s day-to-day and management functions – claims that General Liability policies are not designed to cover. Nonprofit organizations are subject to lawsuits alleging misappropriation of funds, civil rights violations, failure to follow the organization’s bylaws, invasion of privacy, and contractual disputes. D&O coverage can respond to those claims. Without the right insurance coverage in place, the organization could be forced to use its own funds to pay for expensive legal defense and judgements or settlements.

A new season also means the hiring of additional seasonal employees, increasing the likelihood of employment-related claims. ABA’s Directors & Officers policies offer Employee Practices Liability by endorsement for claims brought by current, former, and potential employees (seasonal, full- and part-time). The Employee Practices Liability coverage comes with loss prevention services, including a 24/7 hotline answered by employment attorneys and access to HR Risk Manager, an online loss prevention platform with hundreds of free policy templates, checklists, and summaries of employment laws by state.

Nonprofit D&O Features include:

  • Underwritten by “A+” (Superior) rated carrier
  • D&O limits up to $5,000,000
  • Full Prior Acts coverage – even for new applicants
  • FLSA defense limits (up to $500k)
  • Cyber Liability sublimit with Social Engineering sublimit option (Stand-alone Cyber Liability available with higher limits)

Nonprofit D&O insurance is not available in Alaska.

Give us a call at 1 (401) 381-1350 to learn more about general liability insurance!