Directors and Officers Insurance for Nonprofit Centers for Senior Activities, Exercise for the Elderly, and Senior Clubs
As a nonprofit, your senior activities center needs a strong, well-connected board of directors to grow and make connections in the community.Directors and Officers Insurance (also called D&O Insurance) protects your board’s liabilities.
D&O Insurance covers lawsuits that claim your board…
- Was negligent in its professional responsibilities.
- Treated an employee improperly (harassment, wrongful termination, etc.).
- Made mistakes managing the organization’s funds.
Let’s say that your senior center has an activities leader who consistently gets poor performance ratings. When your organization lets them go, you could face a wrongful termination lawsuit. Even if the employee was clearly underperforming, sometimes they will sue their former employers. Many wrongful termination suits are without merit, but that doesn’t mean they don’t happen.
D&O insurance can cover the cost of these lawsuits and prevent them from costing your organization thousands of dollars.