williamjones

Directors & officers insurance is the best tool for nonprofits to protect volunteers against unforeseen allegations of harm.

Favorable loss ratios and an unprecedented decline in initial public offering (IPO) activity led to the softening of the directors & officers market, but signs point to impending changes.

The greatest factor in pushing rates down is the new capacity that came in during the hard market in both the U.S. and London.

Coalition’s Executive Risks Insurance Designed for Not-for-Profits offers coverage including directors & officers, employment practices liability insurance, fiduciary liability and crime insurance.

An insured health care organization with directors & officers and employment practices liability insurance policies asked its agent if sexual harassment was covered on its D&O policy.

Beazley’s directors & officers product has been redesigned and drafted with clear, concise and modern policy language.

Insurers are mandating their clients to disclose any dealings with FTX, and in response, limiting or even denying coverage to companies they deem too risky.

The new product helps fill coverage gaps and provide substantive resources designed to protect organizations from existing and evolving D&O threats.

Despite the good news in the D&O market, uncertainty remains as the economy faces a period of higher inflation and a possible recession, which could lead to an increase in D&O claims.

“Directors & officers insurance is the only policy that can adequately protect board actions,” says independent agent William Simons. “The decisions and actions board members take are their personal responsibility.”