HAHN AGENCY, INC.

Directors and Officers:
Conclusion

Before applying for coverage, both the Organization and Employment Practices loss control measures  should be implemented in your organization. Nothing has a greater impact on your premium. Even if you have poor claims experience, the implementation of loss control measures would make any insurer respond more favorably to your application for coverage.

Theses loss control measures can be expensive and difficult to implement, but there should be an immediate impact upon your Directors and Officers insurance premium. The employment practices loss control measures are especially important since this is the "growth" area in directors and officers liability claims.

Effective loss control leads to claims avoidance. Even if a claim occurs with no FINANCIAL impact to the organization, the distraction from your regular duties and the affect on morale can have a huge impact on the day-to-day and long term operation of your non-profit organization. Avoidance of these intangibles is a greater benefit than any reduced premium that may result from implementation of a loss control program.

Go to Request a Quotation for a free analysis of your current coverage and a quotation from one of our directors and officers insurance carriers.

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