This is basically a professional liability policy for the board and officers of the organization also providing organization reimbursement for the organization’s indemnification of the directors.

Most policies for non-profit organizations and non-public companies now include employment practices liability. Standard exclusions include claims for bodily injury and failure to carry adequate insurance such as general liability (which would provide coverage for bodily injury to third parties) or workers’ compensation (which would cover injury to employees), IRS and ERISA claims.