Search
 

The Line on Pricing

A nonprofit organization and its directors and officers face similar risks as a for-profit board of directors, and might have more to lose. But more and more, for a variety of reasons, nonprofits seem to realize the exposures.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

D&O coverage is typically sold in a bundled package with Employment Practices Liability insurance. Limits, which can be shared or segregated, vary by size of the nonprofit, but are usually $1 million, $3 million or $5 million, says Sal Pollaro, managing director for Markel Corp. Limits can reach into the tens of millions of dollars for the larger nonprofits.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.