As a Director or Officer of an organization such as a board member for a company or for a road association, volunteer group, fundraiser group or a non-profit association there may come a time (when in the course of regular operations) where a past decision made by the board may later become an issue with a member…hence the need for protection should there be a suit.
Claims for unfair business practices, fraud, misrepresentations & non-disclosures, tortuous interference, theft of intellectual property and breach of fiduciary duty may not be familiar terms and worst yet are not covered by general liability policies! Be careful when you serve on a board!
Your expert advice could backfire.
IB&C Insurance can offer policies to cover such contingencies.
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