Not-for-profit Directors and Officers Liability Insurance
Learn all about ‘Not-for-profit Directors and Officers Liability Insurance’ – what’s covered and what’s not, how policies are structured, what to do and expect when there is a claim, and more. This course is a must for every director of a not-for-profit organization and insurance broker!
Subtitles available in
English
French
Spanish
Course Overview
Not-for-profit organizations face governance and liability risks that differ in important ways from those in the for-profit sector. This course explores Directors and Officers (D&O) Liability Insurance designed for not-for-profit organizations and explains how coverage helps protect organizations and their leadership from claims related to management decisions and oversight.
You’ll gain a clear understanding of the specific liability exposures faced by directors and officers in the not-for-profit sector and how D&O policies are structured to address those risks. The course examines what is typically covered, what may be excluded, and how policy wording and coverage elements can differ from D&O policies written for for-profit organizations.
Through practical examples and sector-focused insights, you’ll explore policy nuances and risk management strategies relevant to not-for-profit organizations. By building a deeper understanding of these sector-specific exposures and insurance solutions, the course supports more informed evaluation and recommendation of D&O coverage for not-for-profit clients.
Course highlights
Exposures and protections
Insurance coverage
How claims work
Risk mitigation
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From $35 US a month
Learning Objectives
Upon completing this course, you will be able to:
- Determine which laws and regulations govern your organization, its directors and officers;
- Explain how and when D&O insurance pays out;
- Evaluate the coverage offered by your D&O policy and the options available;
- Describe what to do and expect in case of a claim;
- Upgrade your organization’s governance to minimize the chance of a claim.
Course Curriculum
- Course introduction
- Course objectives
- Downloadable material
- Chapter objectives
- The role of a director of a not-for-profit corporation
- Duties of not-for-profit directors and officers
- Duty to manage
- Duty of loyalty
- Duty of care
- Duty to obey
- What are the rules to which directors and officers must adhere
- Quiz #1
- Chapter objectives
- What is director’s and officer’s liability insurance?
- Indemnification – how and when insurance pays out
- The indemnification process
- D&O and not-for-profit organizations
- Indemnification and not-for-profit organizations
- Quiz #2
- Chapter objectives
- The structure of a D&O insurance policy
- Non-indemnifiable loss (side A)
- Indemnifiable loss (side B)
- Entity coverage (Side C)
- Who’s covered?
- What’s covered?
- What’s not covered?
- Policy extensions
- Quiz #3
- Chapter objectives
- What constitutes a not-for-profit D&O insurance claim?
- What is a claim under a D&O policy?
- What is a wrongful act under a not-for-profit D&O policy?
- Who can bring a claim against a not-for-profit organization?
- Causes of claims
- What is a loss under a D&O policy?
- Understanding policy reporting requirements
- Claims made and reported policies vs. claims made policies
- Potential claim notification
- Extended reporting period
- Reporting a D&O claim to the insurer
- How D&O claims are handled
- D&O claims: defence and settlement
- Activity: What to expect from the claims process
- Quiz #4
- Chapter objectives
- A look at the risk of claims
- Understanding governance
- Reducing risk through good governance
- Guidelines for directors and officers
- Guidelines for the board
- Quiz #5
- Chapter objectives
- Reasons for buying D&O insurance
- What to buy?
- How premium is determined?
- Retention or deductible?
- How much coverage to buy?
- Terms and conditions
- Policy length
- The application process
- Understanding your NFP D&O application
- Selecting an insurer
- What to expect from your insurance broker
- Managing your insurance
- Quiz #6
- Course survey
- Not-for-Profit Directors & Officers Liability Insurance Final Assessment
- Course wrap up
Certifications
This is a required course for the following certification programs:
- Certified Management Liability Insurance Professional → LEARN MORE
Testimonials
Very clear, concise content, delivered in an easy to understand way. Whether an industry vet or just starting out, you will learn something from this course- I did! It’s easy to see how this platform could complement any corporate training program. I’d thoroughly recommend ITC to any L&D manager.
I’m super impressed with the quality of the courses. Graphics are the bomb!!
Great job ITC! Love the cartoons. Complex subject matter presented in a very fun way.
These are the best online insurance training offerings I’ve seen in terms of content and ease of use.
The coverage explanations are comprehensive and straightforward, coverage comparison tips are very helpful, and the claims examples are readily adaptable to real-life client scenarios. The visuals are easy to follow and the succinct course modules allowed me to review the modules on my own timeline- or to go back to modules that I wanted to revisit. Plus, as a very welcome bonus, continuing education credits are available in certain jurisdictions!
ITC Education is the perfect platform for busy insurance professionals to expand their knowledge in bite-size, manageable, easy & informative modules. The subject matter is well researched and presented in an engaging and easy-to-understand format. The modules are set up so that you can zero in on a subset or explore the topic more fully – time permitting. The examples are easily applied to real-life situations.
About ITC courses
ITC takes pride in delivering high quality, unbiased courses on professional and management liability insurance and related topics. Designed specifically for online delivery, our courses are interactive, include activities and quizzes, use practical illustrations and real-life case studies and deliver knowledge in bite-sized portions so even just 5 minutes is learning time well spent.
How we build courses
ITC courses are the product of a collaborative approach. We work closely with subject matter experts to build out course content, the ITC design team brings that content to life, and no course is published before undergoing an intense review by an industry panel. Our process also includes post-publication reviews and updates because ITC is committed to delivering quality courses that remain accurate, relevant and up-to-date, long after they are first published.
With ITC, you can take any course at any time. For the best learning experience, a prerequisite may be recommended in the course description.
We’d love to hear from you! At ITC, we’re always exploring timely and relevant insurance topics to support your professional development. If there’s a subject you’d like to learn more about, let us know. Your ideas help us shape future courses and learning opportunities.
We provide a digital certificate of completion for all successfully completed courses. Learn how to access your certificate →
Check the CE / CPD page on our website to find out which courses qualify for credit in your jurisdiction then register for your chosen course. Once you’ve successfully completed the entire course, including all the quizzes, you will be prompted to register for your digital certificate of completion.
If your jurisdiction is not listed on our website, ITC courses may still qualify for CE or CPD credit but it will be your responsibility as a student to verify this with your regulator.
No. ITC does not track CE or CPD credits toward your license renewal. You can access certificates for successfully completed courses through your Student Dashboard. We recommend downloading your certificates and keeping them for your records. Learn how to access your certificates →
ITC’s eLearning programme is CII CPD Accredited by the Chartered Insurance Institute (CII). This accreditation demonstrates the quality of ITC’s learning programme and confirms that it meets the requirements of the CII member CPD scheme.
CII accreditation applies to ITC’s eLearning programme. This means the quality of our learning programme has been independently reviewed and confirmed to meet the requirements of the CII member CPD scheme.
For CII members, eligible ITC courses can contribute toward continuing professional development (CPD) requirements. After completing a course, you’ll receive a certificate of completion to document your learning.
Frequently Asked Questions
With ITC, you can take any course at any time. For the best learning experience, a prerequisite may be recommended in the course description.
We’d love to hear from you! At ITC, we’re always exploring timely and relevant insurance topics to support your professional development. If there’s a subject you’d like to learn more about, let us know. Your ideas help us shape future courses and learning opportunities.
We provide a digital certificate of completion for all successfully completed courses. Learn how to access your certificate →
Check the CE / CPD page on our website to find out which courses qualify for credit in your jurisdiction then register for your chosen course. Once you’ve successfully completed the entire course, including all the quizzes, you will be prompted to register for your digital certificate of completion.
If your jurisdiction is not listed on our website, ITC courses may still qualify for CE or CPD credit but it will be your responsibility as a student to verify this with your regulator.
No. ITC does not track CE or CPD credits toward your license renewal. You can access certificates for successfully completed courses through your Student Dashboard. We recommend downloading your certificates and keeping them for your records. Learn how to access your certificates →
ITC’s eLearning programme is CII CPD Accredited by the Chartered Insurance Institute (CII). This accreditation demonstrates the quality of ITC’s learning programme and confirms that it meets the requirements of the CII member CPD scheme.
CII accreditation applies to ITC’s eLearning programme. This means the quality of our learning programme has been independently reviewed and confirmed to meet the requirements of the CII member CPD scheme.
For CII members, eligible ITC courses can contribute toward continuing professional development (CPD) requirements. After completing a course, you’ll receive a certificate of completion to document your learning.
About ITC courses
ITC takes pride in delivering high quality, unbiased courses on professional and management liability insurance and related topics. Designed specifically for online delivery, our courses are interactive, include activities and quizzes, use practical illustrations and real-life case studies and deliver knowledge in bite-sized portions so even just 5 minutes is learning time well spent.
How we build courses
ITC courses are the product of a collaborative approach. We work closely with subject matter experts to build out course content, the ITC design team brings that content to life, and no course is published before undergoing an intense review by an industry panel. Our process also includes post-publication reviews and updates because ITC is committed to delivering quality courses that remain accurate, relevant and up-to-date, long after they are first published.
Not-for-profit Directors and Officers Liability Insurance
