Directors and Officers Insurance for Abortion Nonprofit Organizations
Directors and Officers Insurance (also called D&O Insurance) protects your board members, directors, and officers from lawsuits that claim they…
- Wrongfully terminated an employee.
- Misused funds.
- Harassed or mistreated employees.
- Were negligent or failed to perform necessary duties.
These lawsuits may cost more than your nonprofit can afford, which means your directors and officers may have to pay for their own defense out of pocket. Many prospective board members will want to know that your nonprofit has adequate insurance to cover their professional liabilities. For this reason, D&O insurance is an important recruitment tool for your nonprofit as you seek strong, influential members for your board.
Directors and Officers Insurance can pay for these lawsuits. That means when a former employee sues your business for wrongfully terminating them, you D&O policy can pay for the lawsuit. Often these lawsuits don’t have any merit. But even when you win a lawsuit, you may still have to pay for the cost of your defense, which can easily run in the tens of thousands of dollars.
D&O insurance can keep your nonprofit operational during these lawsuits and help you recruit new board members.