Directors and Officers (D&O) & Employment Practices Liability Insurance (EPLI)
(Underwritten by Zurich North American Specialties)
Zurich offers broad Directors and Officers Liability Insurance that includes Employment Practices Liability Insurance in a single, cost effective policy.
"Not-for-Profit Doesn't Mean Not at Risk"
Whether your swim club has 10 members or 350, as a not-for-profit, your organization and you are at risk for today's growing array of management liability exposures. Increasingly, small organizations are held liable for the skyrocketing claims costs and damage awards that can accompany management liability lawsuits. No organization understands these exposures better than Zurich, specialists in management liability insurance for non-profits.
D&O for Member Clubs Program Requirements
1. You must be a non-profit organization and your bylaws must include an Indemnification Provision for your Officers and Board members.
2. If this provision is not currently in the club's bylaws and the club is willing to amend them to include, please make a notation of same when you return the application.
Policy Limits and Deductibles
Limit of Liability: $1,000,000
Deductible (D&O): $1,000
Deductible (EPLI): $2,500
Policy Premium: $375 (Minimum)
Requirements:: Submission of a signed application; premium paid.
Crime Coverage (Optional)
The Crime Coverage Policy provides coverage for the dishonest acts of employees or volunteers.
Employee Dishonesty – Protects the school against losses caused by dishonest acts of employees, or volunteers, whether identified or not, acting alone or in collusion with other persons, with the intent to cause a school a loss and to obtain financial benefit.
Theft, Disappearance & Destruction – Protects the school against non-employee theft of money or securities inside the premises or a banking premises, or outside the premises in the care and custody of a messenger.
Crime Coverage Requirements:
Crime coverage must be purchased in conjunction with Directors and Officers Liability Policy.
Policy Limits and Deductibles
Limit of coverage: $25,000
Deductible: $250
Cost: $175 or $275 depending on the number of employees.
Do you have a question?
Please see our Frequently Asked Questions area.
You can also contact RMS at info@theriskpeople.com or call (602) 840-3234.