Uncover Nonprofit Insurance D&O EPLI Cyber Quote Secrets
Directors and Officers (D&O) Insurance
D&O insurance is designed to protect the personal assets of nonprofit directors and officers in the event they are sued for alleged wrongful acts while managing the organization. This type of insurance covers legal fees, settlements, and other costs associated with litigation. Given the increasing scrutiny on nonprofit governance, having D&O coverage is not just a recommendation but a necessity. Nonprofits can browse options to find policies that cater to their specific needs, often with premiums starting at a few hundred dollars annually, depending on the organization's size and risk profile1.