The NADCO Professional Management Liability Insurance Program, administered by Alliant Insurance Services is customized to address the specific exposures faced by CDCs. Unique among other liability plans, our custom program covers:
The NADCO Member Insurance Policy provides directors and officers liability insurance, employment practices liability insurance, and professional liability insurance.
The NADCO CDC Plus Policy provides additional enhancements, such as:
Broader Definition of Insured
Includes parties such as the entity/organization, past, present or future directors, officers, trustees, employees, volunteers, committee members, heirs, leased employees, and independent contractors.
Range of Limits Available
D&O/EPLI: $1M to $5M*
E&O: $1M to $5M*
* Limits of liability may be available in excess of these limits.
The carrier has established specially discounted program premiums built on financial statements, the organization’s business activities, and employee information.
Key Individual Replacement
Provides coverage should a Chief Executive Officer or Executive Director suffer a fatal injury while under the policy.
Other Policy Benefits
Loss Assistance Hotline
Receive two free hours of legal consultation with skilled attorneys on matters related to any potential claim.
This is only a partial, general description of the policy benefits and does not constitute a contract. Policy coverage and benefits are subject to the terms, conditions, and exclusions contained in the policy. The policy will govern if any conflict exists between these highlights and the policy. For complete provisions and exclusions, please refer to the policy itself.
Lloyd’s of London has a history dating back more than 300 years, and has grown to be the world’s leader for specialty insurance.
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“A-” (Excellent) rated by A.M. Best Rating
What is Directors and Officers Liability Insurance?
Directors and Officers (D&O) Liability Insurance protects corporate directors and officers against allegations that they performed their duties improperly. “Wrongful acts" might include actual or alleged errors, omissions, misleading statements, negligence, or breach of duty.
Who is covered under the NADCO Plan?
Directors, officers, committee members, employees, volunteers, and independent contractors are protected.
Is Employment Practices Liability Covered?
Yes, it is covered. Employment practices liability insurance (EPLI) protects against employee and volunteer lawsuits with claims such as wrongful termination, discrimination, harassment, sexual harassment, breach of contract, and others.
Does the plan provide Professional Liability Insurance?
Yes, the plan covers professional liability insurance. Commonly referred to as errors and omissions insurance (E&O Insurance), professional liability insurance protects against claims alleging errors, omissions, negligence, breach of duty, and other similar acts.
Why do I need insurance?
When you face a lawsuit, the costs can be staggering. Even if you are found not liable, the associated legal fees can pose a significant financial burden to your organization. Professional liability insurance provides vital financial support that will mitigate the financial burden of the legal process. Please note that this coverage will not diminish the likelihood of a potential lawsuit against your organization, but will ensure you are more prepared should one occur.
In addition, it’s important to note that having professional liability insurance does not make you any more likely to be sued than if you did not carry coverage. It simply makes you more prepared if a lawsuit is brought against you.
To apply for the NADCO Professional Management Liability Insurance Policy the following information is required:
Click here to fill out the NADCO Application (fillable)
Click here for the Cyber Liability Supplement Application