Directors & Officers liability insurance, broadly defined, covers legal costs, judgments and settlements resulting from suits and other legal proceedings brought against the entities Board of Directors, Officers or the insured entity itself for allegations of wrongful acts, errors, and omissions.

Covered claims can result from exposures such as discrimination against a player, coach or other constituent; wrongful termination of an official, coach, volunteer or referee; mismanagement of funds; or, negligence involving decisions that affect participants, coaches, officials and others.

Directors & Officers liability insurance can be thought of as malpractice insurance for the organization and those who manage the league or team.

For more information please go to http://www.fastcov.com/