Russell Bond & Co., Inc. June 2017  
Non-Profit Organizations
Non-Profit Organizations have as much of a Directors & Officers / Employment Practices Liability exposure as their For-Profit counterparts.   In some instances the exposure may be greater as they may not have the financial means to fund a defense.  They can also be sued by their volunteers or clients!

Russell Bond offers a superior Package product that can include Employment Practices Liability, Directors & Officers Liability and Fiduciary Liability.  Coverage includes: worldwide coverage; non-cancelable coverage by company (except for non payment of premium); broad definition of Insureds including coverage for Directors & Officers, employees, trustees and volunteers; no Hammer Clause.
Employment Practices Liability:
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  • Broad definition of employees to include voluntary, seasonal or temporary employees and leased or contracted individuals, independent contractors and applicants for employment
  • Full retaliation coverage
  • No exclusion for reduction in force or mass layoffs
  • No intentional acts exclusion
  • Third party coverage available
  • Loss specifically includes front pay, back pay and pre / post judgment interests
  • Costs, charges and expenses (Defense Costs) are Outside the Limit of Liability

Directors & Officers Liability:
  • Contract exclusion does not apply to costs, charges and expenses
  • Broad definition of claim includes Civil and Criminal actions
  • No failure to maintain insurance exclusion
  • Wrongful Acts includes Publisher Liability Act and Personal Injury Act
  • No Retention (when EPL Coverage section is elected)
  • Costs, charges and expenses (Defense Costs) are Outside the Limit of Liability
Fiduciary Coverage:
  • Claim specifically includes any proceeding before the Department of Labor or the Pension Benefit Guaranty Corporation
  • Defense costs coverage for 5% and 20% penalties imposed under 502(i) and 502(I) of ERISA
  • No discrimination exclusion
  • HIPAA Coverage
  • No retention (when EPL Coverage Section purchased)
  • Costs, charges and expenses (Defense Costs) are Outside the Limit of Liability


Other coverages available: Package (Property, General Liability, Crime, Special Event); Privacy (stand-alone); Crime (stand-alone)

We have quoting authority for many classes making turn-around time very fast!
Call us for more information:  800-333-7226
Tonya Hollederer Joanna Brancaleoni Ed Chadwick Jackie Oddo
Tonya Hollederer, ext. 133
Team Leader

Joanna Brancaleoni, ext. 121
Ed Chadwick, ext. 261
Jackie Oddo, ext. 161
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A Wholesale Insurance Broker Unlike Any Other TM
67 Years
1950 - 2017
866 Ellicott Square Bldg.  |  295 Main Street  |  Buffalo  |  NY  |  14203
1670 Whitehorse - Hamilton Square Road  |  Hamilton  |  NJ  |  08690
Hampton Ponds Plaza # 12 |  1029 North Road  |  Westfield  |  MA  |  01085
800.333.7226  |  |  Fax: 800.677.6779
Trusted since 1950