Non-Profit
Running and/or volunteering for a nonprofit takes on responsibility, sometimes from the likes of volunteers. Did you know insurance is available to protect the nonprofit group and its board members?
Directors and Officers (D&O) Insurance is a crucial protective measure for nonprofits, shielding their leaders from potential financial and legal repercussions. This insurance extends coverage to directors, officers, managers, and even volunteers, safeguarding personal assets in the face of lawsuits stemming from alleged mismanagement, neglect, or breach of duty. Without insurance, the personal assets of board members may be at stake.
Premiums for D&O insurance often start at less than $1,000, covering legal defense costs, employment practices liability, fiduciary liability, and even cyber/privacy liability. Nonprofits, regardless of size, should prioritize D&O insurance to protect their leadership and mission from potential setbacks, ensuring their noble endeavors remain resilient in the face of challenges. Call ESCO to discuss protecting your nonprofit.
