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Day by day, nonprofit organizations build their reputations and services to withstand reasonably foreseeable challenges to success. Directors and officers (D&O) liability insurance coverage is one way to help address these challenges. But as nonprofits purchase insurance policies to protect against such loss, you don’t want the policies themselves to be a source of new risk. In addition, purchasing more insurance policies and increasing their limits are not always the most efficient or effective ways to avoid those surprises and manage risk.
This program – led by a seasoned attorney with extensive experience advising nonprofits on insurance coverage matters and the longtime head of one the of the leading insurance brokerage firms in the nonprofit community – will address how D&O coverage typically fits into risk management plans for nonprofit organizations, how to match potential risk with D&O coverage, ways to shore up that coverage and close or minimize coverage gaps, potential cracks to identify in the types of coverage typically purchased by nonprofits, and how to improve your changes of receiving insurance benefits when those risks become real claims.
David S. Gray, Of Counsel, Venable LLP
Louis Novick, President, Novick Group, Inc.