D&O insurance covers the nonprofit entity, as well as any past, present and future directors, officers, committee members, trustees, employees and volunteers. (Photo: Shutterstock) D&O insurance covers the nonprofit entity, as well as any past, present and future directors, officers, committee members, trustees, employees and volunteers. (Photo: Shutterstock)

In a recent discussion with a nonprofit organization, the topic of management liability insurance, also known as directors and officers coverage, or D&O insurance, was brought into the conversation. Too often, when asked if the board has this important type of nonprofit insurance, the answer is no. The reason is usually that it's too expensive.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor