D&O Protects Non-Profit Directors


D&O Protects Non-Profit Directors

Directors of non-profit organizations can and do get sued, and Directors Officers insurance (DO) is a critical coverage that all nonprofit organizations should carry. A claim brought by the Indiana Attorney General against former board members of a local foundation is a good example of this (see here here, and here for a copy of a complaint). The AG claims that the foundation had wrongfully transferred assets out of state, and alleged fraud and mismanagement, although the attorney for the...

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