BC Alliance for Arts + Culture Directors and Officers InsuranceAs a member of BC Alliance for Arts + Culture, Front Row is pleased to offer you an exclusive program to provide coverage for Directors & Officers of non-profit or for-profit arts boards.
(D&O insurance webinar for arts group BC Alliance, February 2020)
In 2017 there were numerous reports about sexual harassment in the workplace. It was most notable in the arts and entertainment industry, which resulted in employee terminations and lawsuits at The Weinstein Company, Amazon Studios, Soulpepper……
The liability for these actions does not stop with the individual who committed them and legal action has been launched against the companies but also the individual directors and officers of the organizations. Sexual harassment is just one type of claim that a director or officer could be personally liable for.
Other types of D&O claims:
- Director acting beyond the scope of their authority.
- Director giving wrong or unprofessional advice to the arts organization.
- Breach of fiduciary duties.
- Failure to supervise subordinates properly.
- Improper or excessive company spending.
- Unauthorized company borrowing.
- Conflict of interest.
Fortunately, it is possible for director and officers to be insured against these types of claims through a Directors & Officers (D&O) Insurance Policy:
A D&O policy will provide money to pay for a lawyer to defend directors and will pay judgement costs if the directors are found responsible or negligent in court.
In addition to protecting directors and officers, the policy also includes coverage for Employment Practices Liability (coverage arising out of the employment of staff), Pollution Defense Costs (coverage for defense against allegations of pollution), as well as Corporate Brand Protection and Crisis Management Expenses.
An added benefit to the policy is a Legal Assistance Hotline that your organization can use to discuss a matter that could potentially result in a claim (e.g., the need to terminate an employee, merging with another organization, allegations of inappropriate touching). This service is provided through your policy and does not incur an additional premium.
A quote for coverage starts as low as $525 per year (fees subject to change) for $1,000,000 of protection. To obtain an indication of cost in ten minutes, or if you would like more information on coverage, please contact us.
ONLINE INSURANCE PROGRAMS AND DISCOUNT CODES
Front Row also offers discounts to BC Alliance members on various online insurance policies, including:
- Workplace insurance: $50 off using discount code
- Photography insurance: $50 off using discount code
- Short-term production insurance: $50 off using discount code
- DigiGear insurance: $50 off using discount code
- Musical instruments: $15 off using discount code
Simply ask your contact at BC Alliance (email: firstname.lastname@example.org) to provide you with the coupon code(s). The code can be entered on each portal (linked above) to claim the discount.
If you have any questions regarding protection for your organization, please contact the Vancouver office: VANoffice@frontrowinsurance.com
We would be happy to review your existing policy and advise where coverage improvements could be made and where savings may be obtained.