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Non-Profit Organizations
Victor’s Directors and Officers (D&O) management liability insurance for non-profit organizations protects the organization and its directors and officers against allegations of negligent acts, with broad coverage that includes employment practices and fiduciary liability.
Eligibility
Our portfolio includes a broad variety of risks including the following:
- Professional associations
- Homes for the disabled
- Mental and physical rehab centres
- Shelters
- Community organizations
- Employment agencies
- Medical clinics
- Business development centres
- Sports organizations
Coverage Details
- Policy Form – Claims-made and reported
- Policy Period – Annual and three-year policies (term or aggregate limits, fixed annual installments)
- Capacity – Limits up to $15,000,000
- Territory – Claims made anywhere in the world
Policy Features
- Multiple insuring agreements: D&O, Non-Profit Outside Directorship, Employment Practices and Fiduciary
- First dollar defence coverage (zero deductibles on most risks)
- Bi-lateral discovery period
- Broad definition of insured (includes the entity, directors, officers, trustees, employees, volunteers and committee members)
- Non-rescindable Side A
- 60-day notice of non-renewal
Additional Program Structures
- Affinity groups
Submission Requirements
- A completed Victor Directors and Officers Liability Insurance (Non-Profit Entity) application form
- For renewals: Directors and Officers Liability Insurance (Non-Profit Entity) renewal application form
- Attachments as indicated on the application form
- Obtain a quote using V2, our commercial insurance portal for brokers. Quote, bind and issue one-year or three-year policies within minutes.