[MakeLV] Directors and Officer's Insurance

[David Smith]

This matches my understanding of the situation as well.  We investigated
this for our synagogue a few years back with the help of a lawyer in the
congregation and she was adamant that we buy D&O insurance.

Dave

On Mon, Sep 24, 2012 at 8:34 AM, Ellis Farmer <saxywolf at gmail.com> wrote:

> I spoke with Josiah's State Farm insurance agent, Diane Brant, and she
> clarified what was the negative answer I remember receiving from my State
> Farm insurance agent, Joe Brady.
>
> Home Owner insurance may or may not include umbrella coverage to cover you
> if you are sued as an individual.
>
> Home Owner nor umbrella coverage would cover you if the board is sued.
>
> Ergo, we do need to get D&O insurance.  Also, officers should check with
> their agent to see if they are covered if someone sues them personally.
>
> -Ellis
>
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-- 
David L. Smith, Ph.D.
Chief Scientist



3145 Hamilton Blvd Bypass
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