A common exposure that social service organizations face that is not typically covered by most D&O programs are the federal fines and penalties that can be levied against 501(c)(3) entities for alleged violations of:
- IRS Code section 66652(C)(1)(a) for failure to file annual 990 tax returns
- Public law 108-187 (CAN-Spam Act of 2003)
- The 1976 Lobby Law or Lobbying Disclosures Act of 1995 regulating lobbying activities
Our program can provide a specified amount to pay for these fines and associated defense costs.
This is just one of the advantages of having a D&O program designed specifically to fit the individual needs of a nonprofit social service organization.
The Nonprofit D&O Liability program offered through Paperless Insurance Services provides specialized coverage to 20 different classes of nonprofits, including social service organizations, professional associations, museums, foundations, and more.
For additional information about the program, please refer to our Directors-Officers-coverage-flyer. Or call 1-800-339-0104 to speak with a representative.