FACTORS that are THREATS

This vital coverage protects your house of worship from:

Rising court costs

Negligence, conflict of interest and misrepresentation are areas that lead to lawsuits.  Even if your directors and officers are not liable, defense costs can soar to thousands of dollars.  Directors, Officers and Trustees Protection covers these court costs.

Increasing litigation

As grounds for bringing suits expand, the number of suits is increasing.  Protective statutes often offer limited immunity.  A recent suit was brought because members alleged that officers did not use due care in investing church monies.

Decreasing volunteers

As suits against directors and officers become common, fewer people are willing to risk personal losses.  This coverage provides protection for volunteers while serving as board members.

Changing attitudes

The legal doctrine of charitable immunity is no longer recognized by most courts.  While suits against directors and officers used to be uncommon, there is now a trend toward holding them personally liable for acts and decisions made while in office.

SITUATIONS likely to create LIABILITY*

1.  Using funds budgeted or donated for one purpose in another way.

2.  Committing oversights and errors in conducting a major building program.

3.  Discriminating in membership standards.

4.  Failing to preserve qualifications for tax exemption.

5.  Exceeding authority granted by charter or by-laws.

6.  Breaching provisions of an employee contract.

7.  Failing to maintain adequate financial records.

8.  Failing to act upon an apparent conflict of interest situation involving a board member.

9.  Failing to properly administer employee benefits.

10.  Failing to pursue an insurance claim.

11.  Failing to maintain standards for denominational affiliation of clergy.

12.  Failing to take effective steps to remove unsatisfactory personnel.

13.  Experiencing general conflict of interest.

14.  Displaying lack of good judgment, diligence or good faith.

15.  Making unauthorized or imprudent loans or investments.

*Please note:  These examples are not a complete list of liability situations. 

Coverage Provided: 

The Directors, Officers and Trustees Liability endorsement provides coverage for wrongful acts of directors, officers, trustees, business administrators and ministers. 
Any house of worship with a Board of Directors needs this coverage.

Could you afford thousands of dollars in court and defense costs?  If not, this protection is for you!  Don't leave your vital personnel unprotected.  Click here for more info