Our Directors & Officers program offers Condominium, Co-op and Homeowners Associations protection for their board, employees, volunteers and organization. Coverage is provided by a carrier with an A.M. Best rating of A+XV. Policies are issued on admitted paper in most states..
Coverage highlights
include:
Employee Practices Coverage
Coverage for alleged discrimination against third parties such as vendors, customers, invitees, potential renters or purchasers
Coverage for the Property Manager and their employees
Coverage for non-indemnified Pollution claims
Coverage for suits seeking injunction relief
Coverage for the intermediate sanctions assessed by the IRS for Excess Benefits transactions
Additional limits of liability for defense costs
Defense costs coverage for claims arising out of contractual liability
Coverage for punitive damages, mental anguish, and emotional distress
Blanket automatic "Outside Directorship" coverage for non-profit organizations
"Soft" first settlement opportunity with a reduction in retention
Full severability
Order of payments
100% retention reimbursement upon a finding of "noliability"
Admitted Paper
FORMS
Not-for-Profit Individual and Organization Insurance Policy, Including Employment Practices Liability Insurance
NEW BUSINESS Not-For-Profit Protector: Online Form | PDF | DOC
RENEWAL Not-For-Profit Protector: Online Form | PDF | DOC