Directors and Officers Insurance: Why Your School Can’t Afford to Be Without It

Directors and Officers Insurance: Why Your School Can’t Afford to Be Without It
Directors and Officers Insurance: Why Your School Can’t Afford to Be Without It

Volume 45

No. 14//

November 2, 2020

Directors and Officers insurance (formerly known as School Legal or Trustee Liability insurance) was created in the 1930s, ostensibly to protect corporate directors and officers from personal liability. It now may be the most critical insurance protection for your school. As the CFO/Business Manager or Risk Manager, you must understand that having the “wrong” policy (i.e., one that has significant limitations and exclusions) could potentially devastate your school. 

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