Nonprofit Leaders' Secret Weapon Directors Officers Insurance Unveiled
Factors Affecting D&O Insurance Costs
The cost of D&O Insurance for nonprofits varies based on several factors, including the size of the organization, its annual revenue, and the scope of its operations. Typically, smaller nonprofits might pay premiums ranging from $500 to $1,500 annually, while larger organizations could see costs upwards of $5,0001. It’s crucial for nonprofits to shop around and compare policies to find the best coverage at a competitive price. Many insurance providers offer specialized plans tailored to the unique needs of nonprofit organizations, so be sure to visit websites that offer comprehensive comparisons.