Montana Nonprofit Association

promoting a strong nonprofit sector in MONTANA

Nonprofit Director's and Officer's Insurance

MNA Member Benefit 

MNA members have access to Nonprofit Director’s and Officer’s, Employment Practices, and Fiduciary Liability Insurance along with coverage enhancements and discounted pricing from Berkley Select Insurance and the professional agents at PayneWest Insurance. MNA endorses Berkley Select Insurance as its preferred provider of Nonprofit Management Liability Insurance.

 

 Berkley 

Program Description 

 

MNA endorses Berkley Select as its preferred provider of Nonprofit Director’s and Officer’s Insurance. Protecting your organization from management and employment practices liability through insurance is important for today's nonprofits.

If you think you don’t need D&O Insurance, you’re not alone. However, nonprofits are becoming a more frequent target of lawsuits. Costly attorneys’ fees and settlements, a drop in donations, negative publicity and loss of your nonprofit status are just a few of the consequences your organization can face if you don’t have the right coverage in place when a lawsuit develops. 

Montana’s Immunity Law (MCA 27-1-732) is often cited as a rationale for not carrying D&O Insurance, but it does not protect your organization from legal action or from incurring expenses related to legal defense. Learn more by visiting our Director’s and Officers Insurance Frequently Asked Questions page.

Comprehensive Program  

MNA's Comprehensive NML Insurance provides some of the broadest coverage available in the market and includes coverage for personal injury, defense costs outside the policy limits, third party liability and more. Optional coverage is available for employment practices liability and fiduciary liability. Coverage is available for most nonprofit organizations. Premiums will vary depending on total assets, nature of operations and number of employees. A few of the many highlights of the program include:

  • Preferential annual premium pricing for MNA members starting at $650 and $1 million worth of coverage
  • Multiple deductible options of $500, $1,000 and $2,500
  • Deductible applies only to defense costs
  • Deductible waived if no judgment is brought against your organization
  • Separate or combined limits of liability
  • Full prior acts coverage
  • Free, unlimited access to a risk management website and toll-free Employment Practices Liability Loss Prevention Helpline
  • Defense costs are paid outside policy limit of liability
  • Professional staff of in-house attorneys to handle claims
  • Simple application and quotation process

Small Organization Program  

 

MNA's comprehensive D & O Insurance program with Berkley Select provides some of the broadest coverage available in the market and includes coverage for personal injury, defense costs outside the policy limits, third party liability and more. Optional coverage is available for employment practices liability and fiduciary liability. Coverage is available for most nonprofit organizations. Premiums will vary depending on total assets, nature of operations and number of employees. A few of the many highlights of the program include:
 

  • Preferential annual premium pricing for MNA members starting at $400
  • Multiple deductible options starting as low as $0
  • Separate or combined limit of liability options
  • Deductible waived if no judgment is brought against your organization
  • Defense costs are paid outside policy limit of liability
  • Full worldwide coverage
  • Full prior acts coverage
  • Free, unlimited access to a risk management website and toll-free Employment Practices Liability Loss Prevention Helpline
  • Professional staff of in-house attorneys to handle claims
  • Simple application and quotation process

Eligibility 

To participate in the MNA enhanced D&O program, your organization must have a 501(c) status and a member of MNA.

PayneWest-Insurance 

Getting Started 

The MNA & Berkley Select D & O Program is administered in-state by agents at PayneWest. To obtain a quote, contact Jackie Nelson or download a  questionnaire form, complete and fax to Jackie at PayneWest, (406) 532-5952. In most instances, you will receive a quote within 48 hours of your request.   

Questions? 

MNA employees are not able to provide quotes on insurance products. To obtain a quote for your organization, please contact Jackie Nelson at PayneWest in the Helena office. She is available to answer any questions about the MNA Nonprofit D & O Program. Jackie can also be reached by phone at (406) 457-5173. 

Helpful Resources 

Berkley Select is a member company of W. R. Berkley Corporation operating nationally as an underwriting management company specializing in executive and professional liability insurance. Monitor issues policies on behalf of several W. R. Berkley Corporation member companies. All are rated A+ (Superior) by A.M. Best Company  

For general information about any of MNA's programs, contact us by email or call (406) 449-3717.