The NonProfit Times - The Leading Business Publication For Nonprofit Management: "7 Things To Consider For Your D&O Policy
Times are tough and budgets are tight but if you think you’ll save a few bucks by cutting Directors and Officers (D&O) liability insurance, you might want to think again.
Though D&O insurance might make up a large percentage of a small nonprofit’s budget, an organization would find it difficult to attract board members without it, according to Katherine Berkman, chairman of San Francisco-based Calender-Robinson Co. “It’s hard to get qualified board members to sit on your board (without D&O insurance),” she said."
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