Directors and officers of corporations and non-profit organizations can in some situations be held personally liable for damages incurred through board actions. James R. Weir Insurance, an independent agency with offices in Mankato and Edina, Minnesota, offers extensive experience in this complex field. Our customers include regional and national non-profit and professional organizations.
In addition to directors, a directors and officers liability (D&O) insurance policy may protect officers, volunteers, employees, board members and trustees. It will typically cover damages and legal defense costs related to administration and management of the organization. The insurance may also cover claims related to fraud, discrimination, sexual harassment, unfair competition, wrongful termination and pension mismanagement.
An agent from our business insurance group will be happy to meet with a representative of your organization and discuss your exposure and options for protection. Contact our Mankato or Edina office to speak with an agent, evaluate your situation, and compare quotes from several insurance companies.