FAQ: What Associations Need to Know About D&O Insurance
Understanding the insurance you get for your board
When an association brings on board members, there’s a lot of orientation going on. But one question that might not come up is whether the board roles require insurance, and what that insurance might look like.
The guidelines around insurance for board members, called directors and officers liability insurance, or D&O insurance, can get a little murky. We spoke to Jason Tharpe, vice president of Affinity Nonprofits, a nonprofit insurance provider, to help explain what members and leaders alike need to know about D&O.
The terminology has gotten a little wonky at times, reflecting an evolution of the sector, according to Tharpe.
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