Defining D&O Coverage
Are you a nonprofit organization looking for D&O insurance in New York City or any other city in the U.S.? At Gross & Company Insurance, we specialize in providing nonprofit insurance such as directors and officers insurance—also known as D&O coverage. To learn more about what D&O coverage entails, watch this video clip.
To explain D&O insurance, you must know that officers and directors can be held responsible when they devalue the stocks of a nonprofit organization. D&O insurance is a policy that provides, up to a limit, the defense costs of officers and directors in the event that they are sued. It’s important to note that this type of coverage is not included in general liability insurance. Talk to an insurance broker to find out what type of insurance and deductible amount would be best for your nonprofit organization.