Directors and Officers Insurance
Event companies, associations, and nonprofit boards face unique risks. Leaders can be held personally liable for decisions, mismanagement, or regulatory issues. Directors and officers insurance (D&O) protects executives’ personal assets and provides coverage for defense costs, settlements, and judgments.
D&O Insurance Coverage
D&O insurance coverage protects against claims of:
Mismanagement of funds
Breach of fiduciary duty
Regulatory violations
Employment practices disputes
Event Company D&O Insurance
Event companies often manage large budgets and complex logistics. Event company D&O insurance covers:
Vendor contract disputes
Financial oversight issues
Shareholder or investor claims
Association D&O Insurance
Associations face governance and compliance risks. Association D&O insurance protects board members against:
Misuse of funds
Membership disputes
Regulatory scrutiny
Board Liability Insurance
Board liability insurance ensures directors are protected against claims tied to board decisions.
Policy missteps
Strategic errors
Breach of duty allegations
Nonprofit D&O Insurance
Nonprofits often face fiduciary risks. Nonprofit D&O insurance covers:
Fund mismanagement
Volunteer disputes
Compliance issues
Corporate D&O Insurance
Corporate event planning firms face reputational and financial exposure. Corporate D&O insurance protects executives against:
Shareholder claims
Regulatory investigations
Financial mismanagement
D&O Insurance Policy
A D&O insurance policy outlines coverage limits, exclusions, and claims processes.
Premiums based on company size and risk profile
Coverage for directors, officers, and board members
Clear claims procedures
D&O Insurance Cost
Factors influencing D&O insurance cost include:
Size of the organization
Industry risk profile
Claims history
Regulatory environment
Premiums vary but typically range from a few thousand to tens of thousands annually depending on exposure.