Management Liability

Do nonprofits need management liability insurance?

Yes. Nonprofits face the same D&O, employment practices, and fiduciary liability exposures as for-profit companies -- sometimes more so given their reliance on volunteer board members who may not have formal governance experience. Board members of a nonprofit can be personally named in a lawsuit alleging misuse of funds or mismanagement. A management liability policy specifically for nonprofits typically includes D&O, EPL, and fiduciary coverage at premiums substantially lower than for-profit equivalents. No nonprofit with a board and employees should operate without it.

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Do nonprofits need management liability insurance?

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