Directors’ & Officers’ Insurance Program

Directors & Officers (D&O) Liability Insurance is a necessity for any nonprofit protecting the vulnerability of their volunteer board members.

The NYCON-sponsored policy not only includes coverage for all directors, officers and employees, it covers staff, volunteers, and committee members as well.

Types of claims covered by D&O Insurance that may not be covered by other policies include:

  • Claims for administrative actions alleging the nonprofit is acting outside its mission or charter, or not using funds as donors appropriated
  • Self dealing and conflicts of interest
  • Discrimination in the hiring/firing process
  • Matters involving tax exempt status or failure to secure payroll taxes

The NYCON D&O program is underwritten by Chubb/Executive Risk an “Excellent” Rated insurer.

*To be eligible for program pricing it is required that nonprofits maintain membership in the New York Council of Nonprofits, Inc. (NYCON); be located in New York; be in operation for at least 12 months; be incorporated as a nonprofit; have individual IRS 501(c) tax status; no D&O or EPL claims/litigation activity within the past 5 years and be an eligible class of business.

To request a D&O Quick Quote click HERE