HAHN AGENCY, INC.HAHN AGENCY, INC.
Directors & Officers Liability Exposures
The exposures facing directors and officers are unique and complex. Any action taken by a board member can be legally challenged by a third party. In addition, the scope and impacts of the directors and officers duties are continually expanded by the courts. Direction of the non-profit organization has an impact not only on the organization, but on the employees and volunteers of the organization. Directors and Officers are now held accountable for the business practices of the organization such as hiring and firing of employees. With this in mind, you need to obtain a directors and officers policy that is expanded to include these additional perils.
The following items are addressed in this section.
| Wrongful Acts |
The legal basis for the traditional exposures facing officers and directors of a non-profit organization. |
| Employment Practices Liability | The "growth industry" in claims against non-profit directors and officers. |
| Personal Injury | Libel, Slander, etc. |
These Wrongful Acts, Employment Practices and Personal Injury claims can arise from the following areas.
| Common Law (Three Duties) |
| Tax Law |
| Civil Rights |
| Regulatory Actions |
| Solicitation of Funds |
| Bankruptcy |
| Breach of Contract. |
| Criminal Acts |
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