Can your not-for-profit withstand the potentially gargantuan financial impact of a sudden liability or crime-related loss? Can the directors and officers of your organization afford to sacrifice personal assets as a result of their decisions, actions, or inactions? Minus having to withstand the potentially devastating financial impact of sudden liability or crime-related loss, a not-for-profit organization’s operating margin is already thin.
A not-for-profit organization’s need for protection may depend in part on its ability to survive potentially catastrophic risks such as:
Allegations of mismanagement by donors.
A discrimination lawsuit from several employees.
An embezzlement scheme carried out over a number of years.
A sexual harassment claim from a vendor.
An allegation of pension mismanagement from an employee.
An extortion threat to publicize proprietary information.
Chubb offers a solution specifically to help protect not-for-profit organizations, their directors, officers, employees, and volunteers from the most complex threats of litigation — as well as fraud, extortion, and other crimes—that may impact their bottom line.
Customers can choose from among five optional coverage sections for managing their individual and organizational exposures:
Directors and Officers and Entity Liability Insurance
Employment Practices Liability Insurance
Fiduciary Liability Insurance
Kidnap/Ransom and Extortion Insurance
Not for Profit Resource Centre: For more information, please click here to to go to our Private Company Segment microsite and find out more about Not-For Profit Insurance.
Canadian Claims Examples for Not-For Profit Organizations
Not-for-Profit - Comprehensive Coverage Overview
Not-for-Profit - What Have We Written Lately?
Chubb Specialty Claims
Not-for-Profit Organization Liability Coverage Application (For Not-for-Profit Organizations with fewer than 250 employees)
Not-for-Profit Organization Liability Coverage Application (For Not-for-Profit Organizations with greater than 250 employees)