Thanks all, so much, for your advice, and if there's someone coming late to this thread with additional info, would still like to hear from you. You've given us a lot of options to explore. Definitely not an easy answer... --Kathie Kathie Gow Curator, Hatfield Historical Museum hatfieldhistory.weebly.com Oral History Producer wordspicturesstories.com On Tue, Oct 23, 2018 at 4:44 PM Stuckle, Danielle L. <[log in to unmask]> wrote: > After serving on several boards over the years, I will no longer serve on > any that don’t provide D&O coverage. An organization doesn’t have to pay > for this; however, I hate to think about what I would do if I was > personally named in a lawsuit against my organization. There is some > interesting data in this article: > www.boardeffect.com/blog/do-insurance-nonprofit-boards. All you have to > do is read the news to see an array of crazy (and legitimate) lawsuits. > > > > I work as a consultant to cultural heritage organizations throughout my > state and have advised all the boards I work with to try to get to a point > where they can add this to their budget. Some of them have asked their > board members to chip in to cover the expense themselves until they can > work it into their budget. Most of them still don’t carry it (boards of > mostly volunteer/lay people). See if you can touch base with someone who > represents your state’s Professional Insurance Agents association (PIA). > They often have someone (typically for a fee) who can come and speak to a > group about insurance as an educational/outreach effort—as opposed to > someone giving you a hard sell for specific products. They can give you a > more neutral overview of insurance options without you having to actually > buy something from them. I also would check around for additional quotes on > this as $1,000 a year seems high for an organization without paid staff. > > > > *--To identify, preserve, interpret, and promote the heritage of North > Dakota and its people.* > > > > *Danielle “Dani” Stuckle* > > Educational Programs and Outreach Coordinator > > State Historical Society of North Dakota > > North Dakota Heritage Center > > 612 East Boulevard Avenue > > Bismarck, North Dakota 58505-0830 > > 701-328-2794 > > www.history.nd.gov > > > > > > > > > > > > *From:* Museum discussion list [mailto:[log in to unmask]] *On > Behalf Of *Kathie Gow > *Sent:* Monday, October 22, 2018 7:30 PM > *To:* [log in to unmask] > *Subject:* [MUSEUM-L] Directors & Officers Insurance? > > > > *CAUTION:* This email originated from an outside source. Do not click > links or open attachments unless you know they are safe. > > 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 > > Oral History Producer wordspicturesstories.com > > > ------------------------------ > > To unsubscribe from the MUSEUM-L list, click the following link: > http://home.ease.lsoft.com/scripts/wa-HOME.exe?SUBED1=MUSEUM-L&A=1 > > ------------------------------ > > To unsubscribe from the MUSEUM-L list, click the following link: > http://home.ease.lsoft.com/scripts/wa-HOME.exe?SUBED1=MUSEUM-L&A=1 > ========================================================= 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).