Kathie, I am no expert on insurance, but I have been in the middle of several board discussions on this topic in the past. It is in the best interest of your board and your staff to get D&O insurance. If you can not afford it in your budget, it might be worth it for your board to chip in and cover the cost of it since it will protect their personal assets in case of a law suit. If your organization chooses not to carry D&O, you might have a difficult time attracting board members. Alternatively, if you do not choose to carry D&O, you will need to let your board members know that they need to take out personal insurance that will cover them in case of a claim against the organization. Same goes for staff of the organization. ---------------- Robin Gabriel Executive Director Kaminski House Museum On Oct 22, 2018, at 8:29 PM, Kathie Gow <[log in to unmask]<mailto:[log in to unmask]>> wrote: Hi Listers. We have a conundrum. Our nonprofit serves as a resource for local history organizations in our region and we’ve been debating whether or not we need to purchase Directors & Officers Insurance, which would protect individual board members (of which I am one) in the event we were sued (say, by someone who slips and falls while attending an event we have sponsored). We put on workshops, conferences, outings and provide resources, but we have neither a building nor collections. In spite of that, we’ve been told we could still be sued. The quote we’ve gotten for this coverage is $1,000/year, which is roughly half of our annual budget! If we purchase it, we will have to do fundraising to support it, and it won’t even provide programming to our community. Do we really need this? Does YOUR organization have it? Why did you decide yes or no? Ways to pay less? Any anecdotes to help us decide? Please help! --Perplexed in the Pioneer Valley of Massachusetts --Kathie Gow Curator, Hatfield Historical Museum hatfieldhistory.weebly.com<http://hatfieldhistory.weebly.com/> ========================================================= Important Subscriber Information: The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes). If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes).