Highlighted Features of our Nonprofits’ OWN Directors and Officers Coverage:
(All included at no additional charge, unless noted)
- Deductible options available including $0
- Policy limit $1 million: aggregate limits to $2 million
- Umbrella limits up to $10 million available
- Flat rate D&O available for nonprofits with no employees
- Defense costs outside the policy limits
- Prior Acts Coverage available for an additional charge
- Broad definition of member-insured including the nonprofit organization 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 (EPLI) Coverage
- Fiduciary Liability Coverage included at full policy limit
- ERISA sublimit of $250,000 included with $500,000 available for additional charge
- Breach of Contract limit $250,000 for defense
- Wage and hour law violation limit $250,000 for defense
- Punitive damages covered in states where insurable
- REE unlimited employment risk management consultations (for insureds with D&O Coverage and EPLI)
- Employee Handbook Builder – a highly subsidized subscription to the Thompson Handbook Builder annual subscription cost is $99 ($300 savings)
- Individual member vs. individual member coverage included