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Independent Insurance Agents & Brokers of New Jersey
Independent Insurance Agents & Brokers of New Jersey
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Thursday, 04/24/2014email print

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DefensePlus is the most comprehensive policy available through Russell E Stevens & Co. Available through Westport Insurance, which is rated A++ by A.M. Best’s, and well known to professional liability specialists, DefensePlus can be sold to all entities but it is geared to the larger non-profit organizations.

Highlights of this product include:

  • Employment Practices Coverage including the personal injury or emotional distress associated with this type of loss
  • Defense costs outside the limits with coverage for the duty to defend
  • Defense cost payment paid on behalf the insured
  • No retention applied to legal costs
  • Limits available up to $20M
  • Non-monetary coverage by endorsement

This program has a one-page application and does not require financials or bylaws with submission. The actual policy should be reviewed as it is the governing document with respect to coverage issues.

Claims can be crippling to any organization, but for a non-profit with a tight budget and few resources, claims can be the end of the organization. A few types of claims that non-profit organizations typical can be faced with are:

  • Sex and age discrimination
  • Misappropriation of funds
  • Sexual harassment
  • And, more...

Misappropriation of funds occurs when a donation is made to a non-profit organization and the funds are allocated to purposes other than the initial intent. For example: A donation is made for a specific cause, such as helping welfare children with educational supplies. However, instead of the funds going to the children, the executive director and the board decided to use the funds for building expansion. The donor files suit and wins. The damages include the return of the funds plus interest. If some of the money was already spent on the building project, the organization, if not properly insured, could wind up in financial difficutly. 




Independent Insurance Agents & Brokers of New Jersey, Inc.
2211 Whitehorse-Mercerville Road, PO Box 3230, Trenton, NJ 08619
PH: 800-952-6948, 609-587-4333  |  FX: 609-587-4515  |  EM: iiabnj@iiabnj.org

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