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Directors & Officers Liability Insurance: Frequently Asked Questions

d&o liability insurance

Nonprofit Directors and Officers Insurance: The Good, the Bad, and the Ugly

In my insurance consulting work with nonprofits, one area of coverage is a topic of constant concern directors and officers insurance, a.k.a. DO. There is, in many ways, an air of mystery around this kind of policy. Let's get rid of that!

First, DO insurance is protection against a breach of "duty" by the directors and officers. DO pays for actual or alleged wrong decisions, what the policy calls "wrongful acts." Although each insurer defines coverage in its own way, DO insurance generally includes: "any actual or alleged act or omission, error, misstatement, misleading statement, neglect or breach of duty by an Insured Person in the discharge of his/her duties."

Some examples of claims under DO:

• Employment-related issues such as discrimination, ... http://auto-insurance.ucoz.com/news/d/2013-07-01-4452