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Our Divisions: Ascensus | Crump Life | Crump P&C |
| Products -> PROtect™ Professional Liability Products -> D&O Non-Profit Executive Advantage Program
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D&O Non-Profit Executive Advantage Program
Non-profit organizations face many of the same risks as for-profit companies when it comes to risks that threaten their
organization, management, employees, volunteers, board of directors, and others. The 5Star Non-Profit Executive Advantage
program offers protection against Directors & Officers, Employment Practices and Fiduciary liabilities. It is written through an
A.M. Best A XV rated admitted carrier and backed by our extensive executive liability underwriting expertise.
Eligible Classes*
- Preferred Classes include:
- Civil Rights, Social Action/Advocacy
- Community Improvement
- Cooperatives (Agricultural/Retail)
- Crime & Legal-related
- Education
- Environment
- Housing Development/Construction & Management
- Human Services
- International/Foreign Affairs
- Medical Research
- Professional/Trade Associations
- Public & Societal Benefit
- Recreation & Sports
- Religion-related
- Science & Technology
- Social Science
- Youth Development
- - and many more!
Available Products
- Directors & Officers Liability Coverage (D&O)
- Employment Practice Liability coverage (EPL)
- Fiduciary Liability Coverage
Program Highlights
- 2 and 3 year multi-year policies available
- FLSA coverage sub-limit now included
- Third party EPL coverage included in Policy Form
- Claims First Made Policy
- Broad Definition of Wrongful Acts:
- Employment Practices Wrongful Acts
- Wrongful acts against Third Parties (discrimination, libel and slander)
- Duty to Defend with First Dollar Defense feature
- Defense Expenses outside limits
- Punitive, exemplary, or multiple damages included
- Defense of suit arising out of breach of contracts or agreements
- Coverage extends to:
- All past, present and future elected or appointed directors, trustees, officers, employees, committee members
and volunteers
- Spousal Coverage
- For-profit subsidiaries added for no additional premium if 100% owned (will consider 50% or more owned)
Program Parameters
- Minimum Premium: $650
- Limits: $100,000 to $10,000,000
- Retention as low as $500 with first dollar defense
- Assets up to $200,000,000
Ineligible Classes*
- Condo/Homeowner Associations
- Country Clubs
- Credit Counseling Services
- Government Entities/Municipalities
- Health Care
- Rural Water Supply Companies (TX Only)
- Schools/Colleges (other fraternities are acceptable)
- Unions
Submission Requirements
- Application (competitors’ accepted) showing name, address, nature of business, employee headcount, annual
salaries/wages and total assets
- Financials not required unless assets are greater than $1,000,000 and salaries are greater than $300,000
Availability
- Nationwide except AK and VT
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