Members of the board of directors, and officers, face the real risk of personal liability for certain expenditures that a not-for-profit organization may be unable or unwilling to make. This could leave board members financially vulnerable. Directors and officers want to be sufficiently covered, and not-for-profit organizations need to have comprehensive policies in place for them.
Gray Whitley LLP's experience in not-for-profit laws extends to directors' and officers' ("D&O") insurance. We have helped many of our not-for-profit clients identify which policy is best suited to their organization and its goals.
Getting Advice, Getting On The Right Path
As leaders of their organizations, directors and officers face accountability and can become liable for such payments as:
- Failure of the not-for-profit to remit payroll deductions
- Failure to remit HST payments
The lawyers at Gray, Whitley LLP have experience in dealing with D&O insurance. We know that to attract top talent to the organization, not-for-profits need a good D&O insurance policy to sufficiently protect their people.
Our firm can assist not-for-profits by reviewing D&O policies. Our aim is to help not-for-profits find an appropriate policy that will preserve the organization's resources and help them gain the greatest protection in the future.
Get Advice From Experienced Lawyers Today
Call the firm at 647-560-3705. You can also use the online form to contact the firm.