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Program Details -

5Star Non-profit D & O Program

Non-Profit Executive Advantage D&O Program

Non-profit organizations face many of the same issues as for-profit companies when it comes to risks that threaten their organization, management, employees, 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 Excellent rated carrier, and backed by 5Star's extensive executive liability underwriting expertise.

Perferred Classes:

Civil Rights, Social Action/Advocacy
Community Improvement
Cooperatives (Agricultural/Retail)
Crime & Legal-related
Education
Environment
Housing Development/Construction & Management
Human Services
International/Foreign Affairs
Professional/Trade Associations
Recreation & Sports
Religion-related
Science & Technology
Social Science
Youth Development

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
Note: Many additional classes are eligible

Available Products:

Directors & Officers Liability Coverage (D&O)
Employment Practices Liability Coverage (EPL)
Fiduciary Liability Coverage

Program Highlights:

Duty to Defend with First Dollar Defense feature and Defense Outside the Limits
Third party EPL coverage included in Policy Form
FLSA coverage sub-limit now included
2 and 3 year multi-year policies available
Broad Definition of Wrongful Acts:
Employment Practices Wrongful Acts
Punitive, exemplary, or multiple damages included
For-profit subsidiaries added for no additional premium if 100% owned (will consider 50% or more owned)
Wrongful acts against Third Parties (discrimination, libel and slander)

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

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 $1m and salaries are greater than $300,000

Availability: