Defining D&O Insurance
As the director or officer of a non-profit organization, you may be held personally responsible for any actions that lead to personal injury or financial ruin. As such, you can be sued directly for damages. Directors and officers liability insurance (D&O) provides defense and settlement provisions that can limit your personal risk in the event of a lawsuit. Watch this video to learn more about D&O insurance from a commercial insurance specialist.
Talk to an insurance provider that specializes in coverage for non-profits in New York City about your coverage needs. By not having D&O insurance in place, you may be putting your personal assets at risk.