NonProfits-Where and Why Buy D&O

Letter from someone who found me on the internet... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ July 25, 2011 Dear Scott, I just read your article here: http://www2.guidestar.org/rxa/news/articles/2004/nonprofit-directors-and-officers-insurance-the-good-the-bad-and-the-ugly.aspx?articleId=839 and wonder if you might answer a few questions for me. I am a … [Read more...]

Hold Harmless Agreement

According to Ray Burnham's Insurance Dictionary (www.BurnhamSystem.com), a hold harmless agreement is a "contractual provision in which one party assumes another's legal liability, as a contractor may assume an owner's liability based on the contractor's actions; is another term for indemnity agreement."I use the phrasing, "When one party agrees to … [Read more...]