Professional coverage to protect your good cause
As a board member of a charitable foundation, you've got a lot to answer to.
It’s your responsibility to make sure that the charitable foundation’s aims are being achieved, as well as ensuring that donations are being spent appropriately.
However, if something should go wrong, you could be found personally liable for the charity's actions. If the foundation's budget can't cover the legal costs or damages, you'll have to pay for them with your own personal assets.
Directors’ and officers’ insurance for charitable foundations could cover the costs of any legal fees involved in defending yourself, as well as paying for any damages or settlements if you are found to be in the wrong. You can carry on volunteering as a board member of a charitable foundation, without worrying that you're putting yourself at risk of a lawsuit.