American Bar Association Article on Directors and Officers Liability Insurance

This morning I found an article from the July/August 2009 issue of Business Law Today, published by the American Bar Association, about directors and officers (D&O) liability insurance for nonprofits. The article provides a comprehensive overview of D&O insurance coverage from the perspective of a lawyer representing a director/officer of a nonprofit corporation. It’s a long article but it provides very specific information on federal immunity for volunteers, how fiduciary duties have expanded over the years and the legal precedents established through recent case-law, possible liability issues a board member may face, as well things to look for in a D&O policy.

I’m a bit of a law nerd and found the article extremely interesting – take a look if you’re a board member at your Club or Association and have questions about what protection your organization provides you as a director or officer. We’ll be posting more about nonprofit benefits and limitations in a future post, so stay tuned!

– Hillary

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About Hillary Beehler

I'm the Organization and Member Services Director for Washington Youth Soccer, the US Youth Soccer charter association for the State of Washington. WA Youth Soccer serves over 125,000 registered players across all levels of play, from Under 5 to Under 19.
This entry was posted in 501(c)(3), Board Resources, Nonprofit Corporation. Bookmark the permalink.

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