The Importance of Directors and Officers Liability Insurance
Leaders make daily decisions that impact the success of their Lodge. As a leader, these members are expected to accept the same guidelines and duties that the heads of major corporations follow: the duties of diligence, loyalty and care.
Despite training and having the best interests of the Lodge at heart, mistakes can happen. When errors occur, members, other Lodge employees and even outsiders may question the decisions of your Lodge’s leaders.
Costly claims can follow board members’ choices, especially if a decision leads to a financial burden on the Lodge. These claims of mismanagement or breach of fiduciary duties can threaten the personal assets of your Lodge as well as your directors, officers and trustees.
Directors and Officers Liability protects your board members and their personal assets are protected. D & […]