What is Professional Liability Insurance?
Posted on Oct 17, 2014 6:43am PDT
Even professionals can make mistakes. Unfortunately, when high-level executives
and managers make a mistake, it can result in multi-million dollar lawsuits.
The good news is that professional liability insurance, such as directors
and officers (D&O) insurance, is designed specifically to protect
yourself, your colleagues, and your organization should a lawsuit be brought
against your non-profit. Professional liability insurance is most commonly
associated with private companies, but they can serve as an extra measure
of protection against litigation for non-profit organizations and even
community associations.
If you run a non-profit, contact an insurance company in New York City
that specializes in providing
insurance plans for non-profits. In addition to D&O insurance, you may also be interested in business
auto liability, employee benefits liability, sexual conduct liability,
and commercial general liability policies for your non-profit.