Directors and Officers Insurance
protecting your leadership
Whether your nonprofit is governed by a board of directors or you’re a corporation lead by officers, your leaders are important. So important that protecting them should be a high priority. Directors and Officers insurance, also referred to as D&O, is protection for your board members and / or officers that will protect them as individuals should conflict or accusations arise.
If a board member is asked to step down, for whatever reason, it can lead to conflict which can lead to a lawsuit. Without a proper D&O policy your board members would be subjected to litigation at their expense. A D&O policy can’t necessarily prevent claims from happening but it can help your organization and its leadership with legal defense.
stay focused on the mission
Lawsuits can not only eat up an enormous amount of money but can sometimes take years to play out. Without a D&O policy this could easily bankrupt an organization and / or be a devastating and life altering situation for the board member(s) named in the suit. Even if there was no wrongdoing, running out of money for defense could give the claimant the upper hand.
A D&O policy provides not just the defense costs but their own highly skilled and devoted legal team. This can be a saving grace for the organization because not only does it lift the financial burden but it enables you to continue working towards your mission. Without having to devote so much time and attention to litigation, you’re able to stay focused on what really matters.
Give us a call for more information
If you think you need D&O insurance but aren’t sure, know you need it but don’t know if you can afford it or have any questions please feel free to give us a call at 208-344-6565 or request more information. You can also request a quote or more information here.