As a nonprofit, you rely largely on volunteers. While the majority of your volunteers are likely serving on the ground, helping your work happen each and every day, you likely have a handful that are serving in a different capacity: on your board of directors and officers. They help your organization maintain is vision and effectiveness, but can also, unfortunately, be a liability.
So you can fully safeguard your organization, here is a look at your Davis, CA nonprofit and D&O insurance.
D&O insurance, or directors and officers insurance, is designed to protect your nonprofit against a breach of duty by its directors and officers. Most D&O policies offer coverage for “wrongful acts,” or wrong decisions made. The coverage usually includes actual and alleged misstatements, negligence, errors, omissions, and breaches of duty. Be advised that employment-based claims are the most common kind brought against directors and officers, so it is important to ensure your D&O policy contains this type of coverage.
Do you want to talk to an insurance expert about how you can protect your nonprofit? To get the right business insurance for your unique organization, contact Purves & Associates Insurance Services. We serve businesses in Sacramento, Davis, and the surrounding California area and are here to help you get the directors and officers insurance coverage you need to fully safeguard your nonprofit.