Friday, November 1, 2013

Nonprofit Directors and Officers Insurance

http://www.gatewayspecialty.com/nonprofit-directors-and-officers-coverage
View coverage/claims for Nonprofit Directors & Officers Insurance
Why is Nonprofit Directors and Officers Liability Insurance Important?
Nonprofit organizations that have continued success know the importance of proper coverage for their directors and officers.

In today's litigious society, claims from stockholders, employees, and clients can be made against a nonprofit organization due to the managerial decisions of its board of directors and officers.

Nonprofit directors and officers routinely make decisions including: hiring and firing of employees, managing volunteers, managing assets or donations and steering the nonprofit organization's development.

These decisions and the handling of employees create a need for Nonprofit Directors and Officers Liability with Employment Practices Liability Insurance.

http://www.gatewayspecialty.com/images/DigitalApplications/nonprofit-nppla.pdfThe main purpose of healthy nonprofit organizations is to create assets for a good cause. Often times the nonprofit will raise funds through donations. Volunteers will help the organization perform tasks and at times the government and general public will rely on a nonprofit to provide a service in exchange for it's continued success.

http://www.gatewayspecialty.com/nonprofit-directors-and-officers-coverage#lorp
In order to create revenue for a cause many nonprofits are run on a tight budget, thus the directors and officers making decisions at the nonprofit are often amplified when things go awry. 

View Claims for Nonprofit Directors and Officers Insurance

View Coverage for Nonprofit Directors and Officers Insurance

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