Not for Profit D&O
Priya Vansh
Underwriter
The need for robust D&O protection is just as acute at not-for-profit organizations as it is at large for-profit companies.
The directors and officers (including the trustees) of a not-for-profit entity can confront significant personal liability for the decisions they take in these capacities.
Our PlatinumPlus product provides these additional enhancements specifically for not-for-profit organizations:
- Entity Employment Practices Liability and Fiduciary Liability
- All risk coverage for the entity
- Employees and volunteers included as insured persons
- Retention does not apply to defence costs on Canadian claims
- 100% predetermined defence costs allocation
- Softened hammer clause with 30% co-insurance
- Duty to Defend language with consent to settle provision