Adviser Vol. 1 | Page 9

This Is
COOL
Insurance Made Simple
Liabilities for the Board ...
(Continued from page 7)
• Personal Liability: As representatives of the nonprofit, directors
and officers need protection, as they will be held liable along with the
organization in the event of any wrongdoing.
Nonprofits should strongly consider D&O insurance
Proper insurance coverage and other risk
management strategies can help ensure that
your organization and its board of directors are
protected against liability.
since most individuals will not volunteer on a board
with the knowledge that they are risking their personal
assets in the event of litigation. Proper insurance
coverage and other risk management strategies can
help ensure that your organization and its board of directors are protected
against liability.
Also be aware that not all D&O policies are created equal. There are a myriad of
coverages and additional benefits available on the LeadingAge NY proprietary
D&O policy not available from most insurance carriers. For more information
about appropriate insurance coverage, contact Cool Insuring Agency, Inc. at
800-233-0115 today.
Provided by Cool Insuring Agency, Inc. This Is Cool is not intended to be exhaustive nor
should any discussion or opinions be construed as legal advice. Readers should contact
legal counsel or an insurance professional for appropriate advice. © 2009-2011 Zywave,
Inc. All rights reserved.
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