Stand-Alone Fiduciary Coverage

Nuts & Bolts:
Chevy Chase, Md.-based Victor O. Schinnerer and Company’s not-for-profit D&O program has added stand-alone fiduciary coverage to its portfolio. The policy offers fiduciary liability coverage for any employee acting as a fiduciary on behalf of the organization: directors, officers and the entity itself as well as other employees such as human resources personnel. Target markets for fiduciary and D&O coverage include not-for-profits such as: agricultural cooperatives, alumni associations, civic organizations, clubs, community groups, cultural centers, foundations and charities, golf and country clubs, museums and historical societies, rural water authorities, social service providers without childcare operations and trade and professional associations.

Dollars:
No minimum deductible; limits up to $3 million; minimum premium of $1,000.

Carrier:
CNA rated “A,” admitted.

States Available:
All states except Arkansas, California, Louisiana, Minnesota, Nebraska, Texas and Wyoming.

Contact:
Lori Kee, (301) 961-9835 or lori.j.kee@schinnerer.com. Mary Jefferson, (301) 951-9798 or mary.l.jefferson@schinnerer.com.