Overview
Beazley’s non-profit organization management
liability policy offers financial protection for directors,
officers, employees, trustees and volunteers against the costs of
defense and liability in the management of non-profit
organisations.
Details
The Beazley non-profit policy is available to
non-profit organizations with up to 10,000 employees. The policy
offers the following unique features:
Crisis
management coverage – sublimit included to pay for
the hire of public relations experts to minimize the potential harm
due to the public announcement of the death or incapacity of key
personnel, threatened litigation or bankruptcy, withdrawal of grant
funds, or sexual abuse committed by an insured person.
Event cancellation coverage – optional limit for
loss due to the cancellation of events including golf outings,
dinners, auctions and sporting events. Coverage is by endorsement
and multiple events can be covered.
In addition to covering claims for
discrimination, harassment and other standard employment
allegations, the Beazley non-profit policy offers the following key
features:
- Outside directors liability coverage
- Coverage for excess Benefit Transaction Excise Tax
- Coverage for personal injury claims alleging false
imprisonment, improper use of copyright or trademark, unauthorised
use of title, plagiarism or misappropriation of ideas
- Third party liability coverage available
- Punitive and multiple damages where insurable
- Coverage for criminal investigations and proceedings
- Arbitration and mediation
- Insured vs. insured carve-back for bankruptcy trustees
- Coverage for leased, temporary and seasonal employees and
independent contractors
- Coverage for harassment of a sexual and nonsexual nature
- Coverage for violation of Family and Medical Leave Act
- Defense coverage for breach of written employment
agreements
Furthermore, insureds are entitled to free
access to BeazleySource, a web-based risk management tool
offering:
- Employee training on preventing sexual harassment that meets
the legal requirements of CA, MN, ME and HI
- Articles and databases on a wide variety of employment
issues
- Sample employment policies in both English and Spanish
- Training on ethics and investigations
- Best practices advice for directors and officers
We will pay these losses
Subject to the terms and conditions of the actual policy, we
will pay claims for:
- Damages awarded against the assured
- Defense costs and expenses
Limits available
Limits available up to US $10,000,000
Target market
Non-profit organizations with 10,000 employees
or less. Not a market for homeowner/condo associations
Key territories
US
Not all coverages or products described on
this website are available in all US jurisdictions. Some products
are available on an admitted basis in some but not all US
jurisdictions from Beazley’s US insurance company subsidiary, while
other products and coverages may be available in the US only on a
surplus lines basis through licensed surplus lines brokers doing
business with Beazley’s Lloyd’s of London syndicates.
The descriptions contained in these pages
are for preliminary informational purposes only. Coverages will
vary depending on individual state law requirements and may be
unavailable in some states. The exact coverage afforded by the
products described on this website is subject to and governed by
the terms and conditions of each policy issued. The
publication and delivery of the information contained herein is not
intended as a solicitation for the purchase of insurance on any US
risk.