Directors & Officers for Small Businesses

D&O small business Hero
D&O small business Hero

Nonprofit Directors and Officers (D&O), including Employment Practices Liability Insurance (EPLI), for Organizations

In the world we live in, the need for insurance coverage is in high demand. Nonprofit organizations, regardless of the size and nature of their business, are at risk and must have a policy that provides protection from potentially catastrophic costs of employment litigation.

ISM is here to help. We will leverage our market partners’ policies that are designed to protect your company and employees. ISM currently writes with four market partners:

  • Great American—AM Best rating “A” Excellent. The Great American policy, in our opinion, is the broadest in the marketplace. It’s not always the cheapest policy, but offers the best coverage for the price. Great American not only writes for nonprofit organizations. but also for profit organizations.
  • Travelers—AM Best rating “A++” Superior. The Travelers policy, in our opinion, is a great all-around policy at a great price point. Travelers is a market for nonprofit and for profit organizations.
  • One Beacon—AM Best rating “A+” Superior. The One Beacon policy, in our opinion, is another great all-around policy that covers companies' needs at an average price point. One Beacon is a market for nonprofit organizations and has a specialized healthcare program.
  • Chubb—AM Best rating “A++” Superior. The Chubb policy, in our opinion, is a great policy that covers companies and employees well at a fair price point. Chubb is a market for nonprofit organizations, with a specialized community association program.

No matter your carrier, your policy should contain the following:

  • The broadest definitions for insured persons covered, employment practices liability, and claims, to name a few, under the policy.
  • Defense costs are outside the limit of liability, if possible.
  • That there is a cost of hour and wage sublimit.
  • Third-party coverage is included.
  • Optional enhancements that can be added, possibly for an additional premium, like Fiduciary coverage, Workplace Violence coverage, Cyber coverage, and Crime coverage.

Let our expertise help your organization make the best decision. We are happy to work directly with you and your team or through your trust agent.

Additional Resources:

More Directors & Officers Policies

Corporate Directors & Officers

The personal assets of the Directors and Officers of for-profit companies are at risk with every decision they make, every day. Regardless of the size and nature of the business, their personal assets are exposed to litigation from collectors, vendors, customers, competitors, regulators, employees, and shareholders. This policy is specially designed to protect privately owned or managed companies, both large and small, and includes Employment Practices Liability and Company coverage along with the Directors & Officers Liability insurance.

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