PROTECT YOUR ORGANIZATION’S MISSION AND YOUR PERSONAL ASSETS … · 2016-08-31 · protection for...

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Sources: 1.6m & 2m = Linkedin Study; 2x, 85% = Towers Watson Directors & Officers Liability Survey, 2012 Summary PROTECT YOUR ORGANIZATION’S MISSION AND YOUR PERSONAL ASSETS IT ALSO COMES WITH RISKS © 2013 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. PROTECTION FOR NONPROFITS AND 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) 2 x 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 2 BOARD SEATS ARE FILLED ANNUALLY Coverage provided by Travelers Casualty and Surety Company of America and its property casualty affiliates. Hartford, CT 06183. Coverage for all claims and losses depends on actual policy provisions. Availability of coverage depends on underwriting qualifications and state regulations.

Transcript of PROTECT YOUR ORGANIZATION’S MISSION AND YOUR PERSONAL ASSETS … · 2016-08-31 · protection for...

Page 1: PROTECT YOUR ORGANIZATION’S MISSION AND YOUR PERSONAL ASSETS … · 2016-08-31 · protection for nonprofits and their directors and officers protect your organization’s mission

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

© 2013 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.

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

Coverage provided by Travelers Casualty and Surety Company of America and its property casualty affiliates. Hartford, CT 06183. Coverage for all claims and losses depends on actual policy provisions. Availability of coverage depends on underwriting qualifications and state regulations.