Museums and other historical places make great tourist attractions and are trusted as knowledgeable organizations committed to presenting the facts.  Their directors and officers are generally held in the highest regard as experts in their particular fields, giving the institution credibility.

Even experts make mistakes, however when those mistakes lead to potential legal action, it is good to have protection in place.  Directors and officers insurance is protection in the event that directors or officers make harmful mistakes related to their position at their museum or historical institution.  Directors and officers insurance can also include employment practices liability insurance, which also protects in the event that the museum or institution is sued for discrimination.

MUSEUMS & CULTURAL/HISTORICAL INSTITUTIONS

Directors & Officers Insurance

 

Eligible Classes:

Aquariums • Art Museums• Art Galleries

Children’s Museums • General Museums • Health Museums

Historical Museums • Natural History Museums

Science Museums • Specialized Museums

Arboterums • Botanical Gardens

Planetariums • Ochestras • Nature Centers

 

Products / Limits:

D&O • $1MM

EPLI • $1MM

 

Umbrella Insurance Coverage is also available with limits from $1MM – $25MM.

 

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If you are an executive for a fraternity, sorority, fraternal club, or private club, it is important that your organization hold liability and event insurance to protect your organization’s future, as well as its members and guests.

Product Advantages

Package

•     Expanded definition of Bodily Injury to include Mental Anguish or Emotional Distress

•     Club members included as Additional Insureds

•     Fundraisers and certain special events included at no additional cost

•     Assault and Battery available on most risks

•     Hired and Non-owned Auto Liability Coverage available

•     Optional value Plus Endorsement

•     Optional Equipment Breakdown-includes free boiler inspection if required in your jurisdiction

•     No designated premises limitation

Liquor Liability

Insured has the option of either Basic or Top Shelf coverage

•     Basic Form features Defense costs inside the limits of liability and an exclusion for Assault or Battery coverage

•     Top Shelf provides coverage for Defense costs outside the limits of liability, may provide coverage for Assault or Battery and includes automatic coverage for the Liquor License holder as an additional insured

•     Club members included as Additional Insureds

•     Assault & Battery coverage available on most accounts

•     Credits available for responsible clubs with a formal third party server awareness training program

Directors and Officers

•     Separate limits of liability for Directors & Officers (D&O) and Employment Practices Liability (EPL) claims (Note: EPL is an optional coverage, which can be purchased in addition to D&O, but not on a monoline basis.)

•     Full Prior Acts Coverage

•     Unlimited defense outside the limits

•     Unlimited Extended Reporting Period for former Directors & Officers

•     Punitive Damages, where insurable by law, included automatically

•     Optional fiduciary liability coverage

•     Automatically includes third party discrimination and harassment

•     Free Human Resources Hotline with unlimited number of calls and no time limits (when EPL is purchased)

Liquor Liability

•     Risks serving alcohol past the legally allowable time or “after hour” establishments

•     Risks with the following exposures: risks that allow “Bring Your Own Bottle,” risks that serve liquor in dry county or township, risks that allow same day membership, risks that allow members to bring more than two guests per day, and for social or private clubs

•     Risks located in AL, AK, IL, IA, LA, MS, OR, RI or WV

Directors and Officers

•     Risks that sponsor or administer any insurance programs

•     Risks involved in any labor/union negotiations or collective bargaining

•     Risks located in AK or LA

Available Limits

Package

•     Maximum Liability Limit $1,000,000/$2,000,000

•     Maximum Property value of $3,000,000 for organizations without cooking (protection class 1-8)

•     Maximum Property Value of $1,500,000 for organizations with cooking (protection class 1-8)

•     Maximum Property value of $250,000 for organizations in protection class 9-10

•     Maximum Property value of $500,000 per location for Coastal Zone accounts (wind exclusion applies)

•     Maximum Property value of $200,000 for seasonal risks

Liquor Liability

•     Up to $1,000,000 each common cause/$200,000 aggregate

Directors and Officers

•     Up to $5,000,000 for D&O and EPL (Note: EPL is an optional coverage, which can be purchased in addition to D&O, but not on a monoline basis and may not exceed the D&O Limit)

Submission Requirements

•     Non Profit Fraternal Club Application (NPP CLUB) or equivalent

•     Representation of incurred loss/claim history for the past five years

If you are involved with a fraternity, sorority, fraternal club, or other private club and would like to ensure the organization holds adequate insurance coverage while saving money, you should contact a representative at Boardwalk Insurance Group.  This independent agency will take time to understand how your organization works and will customize a liability and event insurance policy that meets the needs of your organization while exceeding expectations.

 

directors and officers liability insurance · liability insurance