The directors and officers who serve non-profit organizations volunteer not only their time and expertise, but also their personal financial security. Just as with for-profit companies, individual board members can be held responsible for a vast range of alleged wrongdoing, whether or not the organization itself has any assets.
From mismanagement, to anti-trust violations or breach of fiduciary duties, claims against directors are costly to defend even if unfounded. Directors & Officers Liability coverage designed with non-profit groups in mind provides the broadest protection for the organization and those who serve it.
D & O Liability is one of the specialties of the FCA not-for-profit experts.