What are some examples of claims?
• Negligence of account procedures and mishandling of funds; • Personal benefit by a Director; • Jeopardizing tax-exempt status; • Interest that should have been collected and distributed; • Failure to adopt and implement appropriate safety and operational procedures at a facility causing the facility to be shut down by regulators. Our association is interested in Directors & Officers Liability insurance to protect our directors. This coverage is not part of the basic insurance program though and we are wondering about the need and the expense. The protection provided to directors under most Society Acts has weakened over the past few years as cases are tested in the courts. We are able to arrange Director s & Officer s liability insurance for your association. Often directors are reluctant to vote for the expense of buying this coverage for the board because they feel it may be considered somewhat selfish. The members of an association on the other hand should support this purchase an
Related Questions
- Could you provide examples of "significant" and "minor" deficiencies and suggest appropriate methods for reporting them in the Institutional Semiannual and Annual Reports?
- How much does related clinical practice experience count for admission and what are some examples of these experiences?
- Any published examples on how codon optimization helps protein expression?
