As with any business, you as an officer of your Parent Teacher group can be sued for decisions that you make individually or as an Organization. These can include what type of fundraiser to have, where to hold an event or any other managerial decisions.
If someone sued the officers of your organization for mismanagement, misrepresentations, dissemination of false or misleading information or inappropriate actions, this coverage would pay to defend you.
Coverage Highlights
The Directors and Officers Liability policy provides $1,000,000 to cover decisions you make as an officer. Other things that might fall under this coverage are:
This list is not all-inclusive. If you have a question about a specific situation and are inquiring if coverage is provided please call AIM at 1-800-876-4044
Exclusions
There are certain exclusions that within your Directors and Officers Liability policy. The following are specifically excluded items:
This list is not all-inclusive. If you have a question about a specific situation and are inquiring if coverage is provided please call AIM at 1-800-876-4044.
Directors and Officers Liability Deductible
There is a $0 deductible for a claim filed under this policy.