Product Update

Nonprofit Organization D&O Liability Exposures and Coverage Updates in Professional Liability Insurance

This Professional Liability Insurance release revises material describing the liability exposures faced by the directors and officers of nonprofit organizations, as well as the policies that have been designed to cover them.

Updates have been made to sections describing the various types of nonprofit organizations, the duties owed by directors and officers, and the statutory protections against liability that such organizations have available to them.

The release also refreshes the analysis of the distinctive features of nonprofit policies, including (1) the trend toward package policies, in which employment practices, fiduciary, and cyber coverages are offered along with directors and officers (D&O) insurance; (2) the various ways in which different insurers' policy forms cover defense costs; (3) the broad nature of employee/entity coverage; and (4) the many extended reporting period options available within nonprofit D&O policy forms.

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