It’s taken almost for granted that publicly traded companies will carry Directors and Officers Liability coverage. It just seems to make sense that a national or multinational corporation worth billions of dollars would need this coverage. It’s a little less clear why the woman’s shelter down the street needs the the coverage just as much, if not more.
We’ve put together some resources for you to use with your nonprofit clients:
Nonprofit Quarterly: Directors and Officers Liability Insurance, Why It’s Worth the Cost
National Bar Association: Directors and Officers Liability Insurance for Nonprofits
Insurance Journal: Nonprofits Especially Need Protection Against D&O Liability Risks
ALTRU, LLC is a Managing General Underwriter that specializes in directors & officers (D&O) and organization liability for non-profit organizations, as well as Miscellaneous Professional Liability (MPL) for a wide range of service firms. ALTRU provides underwriting services on behalf of Old Republic Insurance Company, rated A+ (Superior) by A.M. Best, A+ (Stable) by S&P and A2 (Stable) by Moody's. The team at ALTRU builds solid, professional relationships and delivers a superior level of service to their network of retail insurance agents, which sets them apart from other industry wholesalers.