Non-Profit Directors & Officers Liability
Non-profit directors and officers often rely too heavily upon the immunities and limitations provided by various laws. They are exposing their personal wealth if the non-profit does not carry adequate Directors & Officers Liability coverage. Damages in even small lawsuits can exceed the net worth of many individuals. Even if they prevail, that leaves defense costs which must be paid and can be devastating to the individual if they do not have D&O insurance.
The more common allegations include waste of assets; libel / slander; misleading reports or other; failure to deliver services; misrepresentations; acting beyond their authority; inefficient administration or supervision.