Directors and Officers Insurance In Ohio: What You Need to Know

If you run an Ohio non-profit board, you know that your organization needs the right directors and officers insurance coverage. Both directors and officers play a huge part in Ohio nonprofits, and it is important that the organization has the protection it needs to guard against the risk exposure inherent in any organization. It is important to note that coverage for “directors and officers” can extend to senior management or senior consultants, even if they do not have the title of officer or director. 

Protecting your non-profit is an important task, and you have every reason to take steps to help your organization to flourish. Don’t wait until you can see trouble on the horizon; instead, be prepared to face it head-on. You want to be able to put your focus on making your non-profit the world-changer it was meant to be, and when you have the insurance protection you need, you can spend less time worrying about potential problems and more time building up the organization. 

Coverage to Protect Your Organization From Directors and Officers Liability

Where would your organization be without it’s directors and officers? Without them, your non-profit wouldn’t be able to function the way it is supposed to. You deserve to have the peace of mind that comes with having the right insurance coverage in place, and whenever you are dealing with individuals, issues can come up, no matter how careful we are. That is why having the appropriate coverage can make such a huge difference; when you are prepared, you can handle the situation and move forward with your non-profit’s operations. 

While your Ohio non-profit board has been created with care, it doesn’t mean you can predict the future. There are certain things you need to guard against in your organization, such as conflicts of interest or unaccounted for actions (or other actions that could bring up a liability issue) that could reflect poorly on the organization. Even though it is unpleasant to think about, issues can come up and sometimes liability situations arise, so it is best to take steps to minimize the risk. And if something does come up, keep in mind that is the reason why you have insurance coverage for your directors and officers! 

Protecting Your Organization’s Directors and Officers

Remember, this insurance coverage protects the directors and officers, too - not just the organization. It can be a huge relief to the directors and officers when they know that they have a layer of protection that the right insurance policy offers. Should one of them make a mistake involving money or should any issues of a similar nature come up, this coverage can help protect them as the individuals they are. This coverage can also help deal with issues like criminal investigations, should something of that nature happen. No matter what does come up down the road, having the right insurance protection for your directors and officers can help give them peace of mind - and help them feel like they are a valued part of your Ohio non-profit. They will appreciate knowing that they are covered, and the whole organization can take comfort in the fact that you have the right insurance coverage to handle the ups and downs life brings. 

Safeguarding Your Ohio Non-Profit With the Right Coverage

Talking with your insurance agent can help you find the coverage that you need to help your Ohio non-profit thrive in the long run. Having coverage that can help your non-profit reach its goals and aid your organization in having maximum impact on everyone it touches is no small benefit, and you shouldn't have to settle for decent insurance protection when you can have the right coverage. Coverage that works best for your situation is certainly worth investigating.

Here at Cobos Insurance, we know how important it is to protect your organization with the right insurance coverage for your directors and officers, and we would love to help you find the best coverage fit for your specific situation. Call us at our Avon Lake office at 440-933-5223 or at our Elyria office at 440-324-3732; contact us today so we can help you find the right coverage to protect your non-profit! It is well worth your time.