Directors & Officers
organization is exempt from today's growing array of management liability
exposures - or the skyrocketing claims costs and damage awards that
can accompany management liability suits. No insurance company understands
these exposures and
equips organizations to respond to them - better
than our insurer, AIG.
has been tailoring management liability policies for both small, local
organizations and the largest national associations for more than
25 years. Today, we offer these organizations and those who serve
them the broadest D & O liability insurance, the most expansive
EPL insurance, and the only third party discrimination protection
available anywhere, in a single, cost-effective policy: Not-for-Profit
Protector®, ground-breaking coverage designed exclusively
for not-for-profit organizations.
organizations can also benefit from CrisisFund®
for Non-Profits, an innovative policy endorsement that enables Insureds
to harness the expertise of the nation's top crisis management public
relations firms to help protect their organization's reputation and
avoid D & O lawsuits.
definition of Insured, including Organizations :
employment practices liability coverage, including: broadest definition
of Employment Practices Claim
discrimination coverage - covers discrimination and sexual harassment
claims brought by third parties (e.g. students, patients), whether
brought individually or as a class
definition of Wrongful Act, including: Employment practices claims;
copyright or trademark infringement claims, anti-trust claims, plagiarism
claims, third party (non-employment discrimination) claims
Duty to Defend (Insured has the choice of controlling defense or
giving Insurer the Duty to Defend)
retention in event of financial insolvency
retention reimbursement upon a finding of No Liability
retention reimbursement upon acceptance of first qualified Settlement
for-profit subsidiary coverage
for multiple damage awards under the ADA and Equal Pay Act
or exemplary damages coverage available
for back pay and front pay
and post-judgment interest coverage
pre-approved, elite class action defense law firms
non-cancelable by Insurer (except for nonpayment of premium)
discovery Optional one-, two-, or three-year
Period Spousal Extension coverage
post-policy reporting window
vs. Insured exclusion applicable only to claims made against an
Insured by the Organization.
submit a completed Policy
Application to Safe Passage International, along with the following
of Directors, Officers and Trustees
annual report with audited Financials, (if audited financials are
not available, please submit a Treasurer's Warranty Letter guaranteeing
the Organization's financials).
Insurance underwritten by member companies of American International
Group, Inc. The description herein is a summary only. It does not
include all terms, conditions and exclusions of the coverage described.
Please refer to the actual policy for complete details of coverage
and exclusions. Coverage may not be available in all jurisdictions.