Non-profit Organizations

Non-profit organizations are not immune from the considerable exposures facing publicly traded and privately owned corporations today. Non-profit organizations face potential claims from employees, trustees, volunteers and committee members. ENCON’s Directors and Officers (D&O) management liability insurance for non-profit organizations protects the organization and its directors and officers against allegations of negligent acts, with broad coverage that includes employment practices and fiduciary liability.

Eligibility

Our portfolio includes a broad variety of risks including the following:

Professional associations
Homes for the disabled
Mental and physical rehab centres
Shelters
Community organizations
Employment agencies
Medical clinics
Business development centres
Sports organizations
Group programs available

Coverage Details

Policy Form – The insurance is written on a claims-made basis with full coverage for prior acts
Policy Period – Annual and three-year policies (term or aggregate limits, fixed annual installments)
Capacity – Limits up to $25,000,000 (on a primary or excess basis)
Territory – Claims made anywhere in the world

Policy Features

Multiple insuring agreements: D&O, Non-profit Outside Directorship, Employment Practices and Fiduciary
First dollar defence coverage (zero deductibles on most risks)
Severability of interests
Broad definition of claim
Bi-lateral discovery period
Duty to defend
Broad definition of insured (includes the entity, directors, officers, trustees, employees, volunteers and committee members)
Spousal liability coverage
Affinity group policies
Worldwide coverage
Costs in excess
Non-rescindable Side A
100 per cent defence costs
60-day notice of non-renewal

Submission Requirements

A completed ENCON Directors and Officers Liability Insurance (Non-profit Entity) application form *
Attachments as indicated on the application form
All applications must be submitted to ENCON through a licensed insurance broker

* Please note that there are separate application forms for quotes on new submissions and for renewals.