20955 Pathfinder Rd.,
Ste. 100
Diamond Bar, CA 91765
ph: (909) 843-6368
Coverage Summary:
The key distinction with directors and officers liability is that it is intended to cover wrongful acts that are "intentional" as opposed to "negligent." This is because directors and officers insurance is designed to cover actions and decisions of the board of directors. These actions may be in error and wrong, but they are, nonetheless, "intentional" acts. Most other types of insurance do not cover "intentional" acts. Among the items a good directors and officers policy should include is broad coverage for all types of employment related actions, including wrongful termination, harassment, discrimination, failure to hire, etc. It should also pay defense costs as they are incurred, not on a reimbursement basis.
Flat Rate D&O
Flat rate D&O Product for 501(c)(3) nonprofit organizations with no employees. Specifically designed for nonprofits with no employees, this low cost product provides D&O protection for nonprofit board members and the organization but excludes coverage for any employment related actions. The flat rate is $600 for limits of $1,000,000. New and renewal business with no employees are eligible.
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20955 Pathfinder Rd.,
Ste. 100
Diamond Bar, CA 91765
ph: (909) 843-6368