Insureon Protects Non-Profit Boards and Executives with Directors & Officers Liability Insurance

March 13, 2013


New Non-Profit Directors and Officers Liability Insurance coverage from insureon helps recruit and retain board members by offering them financial protection. Insureon has specialists who know how to meet the unique insurance needs of non-profit organizations.

CHICAGO – March 13, 2013

Insureon, the leading online agent for small-business insurance, today announced the availability of Directors & Officers Liability Insurance designed to meet the needs of non-profit organizations.

The US has over 1.5 million non-profit organizations (Source: National Center for Charitable Statistics), each of which relies on a board of directors for executive-level insight and operational guidance. The members of these boards funnel energy, time, and expertise into the organizations they serve, but they're also the ones most likely to be named in a lawsuit against those organizations. This is because plaintiffs tend to view directors as more lucrative targets non-profits themselves, which by definition cannot maintain large reserves of cash.

"Non-profits contribute so much to our communities by supporting the arts, education, healthcare, the environment, and any number of other critical needs," said Ted Devine, CEO of insureon. "However good their intentions, though, non-profits face a wide range of risks that can lead to legal action against board directors and officers. As the founder of 1World Sports, a sports leadership non-profit that helps 1,000 at-risk kids per year, I know first-hand how important this insurance can be in attracting and keeping a great board and executive team."

To protect non-profit directors and officers from costly lawsuits, non-profit organizations – regardless of size – should carry Non-profit Directors & Officers Liability Insurance (also called D&O Insurance). D&O Liability Insurance offers protection against a variety of claims that a non-profit organization's board may face, including:

  • Claims that employees were improperly treated. This includes allegations of discrimination, harassment, wrongful termination, and similar charges.
  • Claims that the non-profit or its directors and officers neglected to perform their duties. Legal claims can allege failure to perform duties if and when the omission caused financial damage or other harm to one or more parties.
  • Claims that the directors and officers handled the organization's assets improperly. This could include a variety of behaviors, from improperly investing funds to spending money on goods or services that do not align with the non-profit's mission.
  • Claims of physical harm from non-profit events. • Claims of physical harm from non-profit events.


Finding Appropriate D&O Insurance for Your Non-profit

Non-profit organizations come in every shape and size, and so do the D&O Insurance policies available to protect them. Because of the great variation in coverage available, however, non-profit organizations should be sure to consult with an insurance agent about exactly what their D&O policies cover.

In most cases, non-profits should consider a number of variables when choosing a D&O Insurance policy, including policy limit, the desired reporting period, and what specific events are covered by the policy. Insureon has non-profit specialists who can guide customers through the process of selecting a Directors & Officers Insurance policy that suits their organization's needs.With insureon as their online insurance agent, non-profits gain access to some of the nation's most respected, A-rated business insurance carriers as well as licensed insurance agents who are specialists in the unique insurance needs of non-profits. For more information on insureon's non-profit offerings, please visit


About insureon

Insureon, the leading online business insurance agency for small businesses, specializes in serving the fast-growing micro-business sector, which includes the self-employed and organizations with 10 or fewer employees. Insureon allows small businesses to apply online for insurance and receive multiple quotes from leading insurance carriers — completing in minutes a process that otherwise would take a week or longer. For more information, please visit insureon sites TechInsurance and Business Insurance Now.