Highlighted Features of our Nonprofits’ OWN Directors and Officers Coverage:
(All included at no additional charge, unless noted)
- No deductible is standard
- Occurrence Limit $1 million: Aggregate Limits to $2 million and Umbrella Limits up to $10 million available
- Defense outside the policy limits
- Duty to defend
- Superior Event Trigger Coverage Form, not Claims- Made
- Prior Acts Coverage for an additional charge
- Broad definition of insured including the nonprofit itself as well as directors, trustees, officers, employees, volunteers, committee members, interns, students-in- training, and spouses
- Coverage extends to third-party Harassment
- Broad Employment Practices Liability coverage
- Fiduciary Liability include at full policy limit
- ERISA sublimit of $250,000 included. $500,000 available for additional charge.
- No “Hammer Clause”
- Breach of Contract Limit $250,000 for defense
- Wage and Hour Limit $250,000 for defense
- Punitive Damages where insurable
- Member vs member coverage included
- FREE unlimited employment risk management consultations for insureds with a Directors and Officers policy including Employment Practices Liability
- Employee Handbook Builder – If D&O insurance is purchased, a highly subsidized subscription to the Thompson Handbook Builder. Annual subscription cost is $99 ($250 savings).
- Flat rate D&O available for nonprofits with zero employees