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Directors & Officers Loss Control
There is a sure way to reduce your premium and obtain better coverage and lower deductibles on your directors and officers insurance. This sure thing can be obtained by implementing the loss control measures contained under the headings listed below.
More importantly, these measures can help you avoid losses that may hurt the morale of your organization and detract from your nonprofit Mission. This loss avoidance is far more important than any reduction in insurance premium.
| Organization Loss Control | Measures you can use with respect to the selection and operation of the board and board members. |
| Employment Practices Loss Control | Measures you can use to streamline your employment process and help reduce these types of claims that are now the "growth industry" in the legal world. |
Implementation of these measures will not only reduce and avoid losses, they will help streamline some of the managerial process of your non-profit organization and make it more efficient. Please remember that these loss control measures are general. A formal loss control program should be tailored to your non-profit organization with the help of counsel.
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