Directors’ and Officers’ Liability Insurance
Directors’ and officers’ liability insurance protects your organization and your people* against civil liability for “wrongful acts,” including allegations of fraud, fiduciary misconduct, or other serious wrongdoing.
You became a vestry member because you care about your parish, its members, and its mission.
As an elected member of the vestry, one of your duties is to be a guardian of the financial well-being of the parish and to protect its long-term future by ensuring that funds it receives are appropriately allocated to fulfill the mission of the Church.
But should some malfeasance occur that leads to a claim against both the church itself and against you individually as one if its leaders, your personal assets — your money, your house, your car, or other property — may be threatened.
While charity immunity laws may meet the cost of adverse monetary judgments, they may not cover personal defense fees if you are sued individually and separately from the Church.
Every organization needs directors’ and officers’ liability insurance to protect individuals serving the organization in an official capacity.
*Including employees, vestry members, directors, trustees, and volunteers.