You care deeply about your Ohio non-proft organization and you want to make a lasting impact in the world around you, but setting up your business for lasting success can be overwhelming. Having the right directors and officers insurance coverage for your organization can help you mitigate the risks that come with having a board, and it can help you protect your business from the issues that arise in the future.
What exactly is directors and officers liability coverage and what is it for? This coverage takes care of the liability issues arising from one of your directors or officers participating in a negligent act, omission, or a misleading statement. Note that directors and officers insurance coverage can extend to senior management as well as senior consultants regardless of whether or not they have the title of an officer or director. Your Ohio non-profit plays an important role in the lives of many in your area, and it needs to be sufficiently safeguarded from the unknowns. Protecting your non-profit is an important task and you need to have the right tools to take care of your non-profit organization, and the right directors and officers insurance coverage can benefit you greatly.
Safeguarding Your Organization As Well As Your Directors and Officers
There are many risks when it comes to having a non-profit organization, and you cannot know what exactly will come up down the road. The good news is, you can have the right insurance protection at the ready so that you don’t have to be caught unawares by the situation.
In all likelihood, you will encounter issues at some point within your organization. That’s why having the best insurance protection for your situation can be a huge benefit for you and your non-profit. The right directors and officers coverage can help you deal with issues arising from unaccounted for actions that negatively reflect on your non-profit organization, as well as conflict of interest situations that can create problems for those involved. Your organization is indispensable - and it shouldn’t suffer in the long run because of an issue. In a non-profit like yours, reputation can be priceless, so protect your organization's reputation well.
Taking care of your directors and officers is vital if you want individuals to see serving on your board as desirable, and coverage to help protect them as the individuals they are is a must. Directors and officers insurance coverage can also help your directors and officers should they get sued because of a mishap with money or something of that nature. While no one wants to think that dishonesty might come up in an organization like yours, you have to be prepared to deal with it if it does arise within your board. Good coverage can be a game-changer for everyone involved.
You, as well as your directors and officers, deserve peace of mind. There is no reason to allow the unexpected to steal your peace of mind and your organization’s vision and direction, and your non-profit deserves to have the right insurance coverage in place to help cover the expenses that come along with mishaps.
Finding the Right Directors and Officers Insurance Protection For Your Organization’s Needs
The truth is, there are many issues that can come up when you least expect them to, but that doesn’t mean that you have to operate in constant fear of the unknown. When you have the right insurance protection in place, you can move forward without spending valuable time worrying about the “what-ifs.” Your organization’s mission is too important to allow a mishap involving a director or officer to damage the good your non-profit does. Make sure that you talk to your insurance agent about your organization’s coverage needs. You want your organization to be able to thrive regardless of what comes its way in the future, and having the appropriate insurance protection at the ready is an important part of taking care of your organization’s needs.
Here at Cobos Insurance, we know that there are many moving parts when it comes to running your organization with excellence, and we want you to have the directors and officers coverage that can help meet your unique organization’s needs. Call us at our Avon Lake office at 440-933-5223 or at our Elyria office at 440-324-3732; contact us today so that we can help you find the Ohio insurance coverage you need in order to protect your directors, officers, and your organization effectively and efficiently.