protect your organization’s mission and your personal assets … · 2016-08-31 · protection for...
TRANSCRIPT
Sources: 1.6m & 2m = Linkedin Study; 2x, 85% = Towers Watson Directors & O�cers Liability Survey, 2012 Summary
PROTECT YOUR ORGANIZATION’S MISSION AND YOUR PERSONAL ASSETS
IT ALSO COMES WITH RISKS
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PROTECTION FOR NONPROFITSAND THEIR DIRECTORS AND OFFICERS
PROTECT YOUR ORGANIZATION’S MISSION AND YOUR PERSONAL ASSETS
RUNNING A NONPROFIT IS VERY FULFILLING
63%YEARS: 2003 - 2013
OF NON-PROFIT ORGANIZATIONS REPORTED A D&O CLAIM IN THE PAST 10 YEARS
D&O CLAIMS ARE FILED TWICE AS MUCH IN NON- PROFITS THAN PRIVATE COMPANIES
85%OF CLAIMS FILED WERE EMPLOYMENT-RELATED (HIRING, FIRING, ETC)
2x
THINGS EVERY NONPROFIT SHOULD CONSIDER:4
IMPLEMENT RISK MANAGEMENT STRATEGIES TO PREVENT OR MITIGATE LITIGATION EXPOSURES
ENSURE THE ORGANIZATION AND BOARD HAVE THE RIGHT DIRECTORS AND OFFICERS’ LIABILITY INSURANCE FROM A RELIABLE CARRIER
FAMILIARIZE THE BOARD WITH YOUR MISSION AND THEIR RESPONSIBILITY TO MINIMIZE LITIGATION EXPOSURES
UNDERSTAND THE ORGANIZATION’S RISK
To learn more about non-profit directors and officers risk visit
TRAVELERS.COM/NONPROFITDO
MILLION NON - PROFITS IN THE US
MILLION
2BOARD SEATS ARE FILLED ANNUALLY
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