USLI’s management liability offering provides comprehensive directors and officers (D&O) and employment practices liability (EPL) insurance tailored for exposures unique to nonprofit organizations. D&O and EPL are critical — but often overlooked — coverages that allow board members to focus on their organization’s mission without worrying that every impassioned decision or volunteer spat could end up in court.
Why do nonprofits need D&O and EPL coverage?
- Nonprofit directors and officers may be sued for a variety of reasons, such as alleged mismanagement, neglect or breach of duty
- This type of insurance protects the personal assets of directors and officers and their spouses in the event they are personally sued
- Nearly 85% of nonprofits have an annual budget that is less than the average cost to defend a claim closed by litigation
- Immunity does not prevent an organization from being sued, and laws against discrimination and harassment apply to all employers — even nonprofits
Top classes of business that bind D&O in the nonprofit package:
- Charitable organizations: fundraising foundations and booster clubs
- Business associations: trade associations and networking groups
- Social/Human service organizations: food banks, counselors and residential services
- Community associations: homeowners and condo associations
- Arts and cultural groups: theaters and performing arts organizations
It may only take one suit to shut down a nonprofit organization forever. In today’s litigious society, defense costs alone can cripple even the most financially stable entity. With the confidence and security of our nonprofit D&O coverage in place, an organization can concentrate on its mission.
3 Ways to Quote:
- Online at snap.USLI.com
- Call 888-773-8754
- Email your application or quote information to [email protected]
