Nonprofit Directors’ & Officers’ Insurance
Each market who participates in farmers market D&O insurance program will receive a 1 year membership to the Farmers Market Coalition.
A nonprofit organization is operated for the benefit of some group of persons. Those individuals, together with employees, creditors, customers, members, state regulators, etc. are all potential plaintiffs against the directors & officers of a nonprofit farmers market due to mismanagement or wrongful acts.
The fundamental responsibility of directors & officers is to judiciously represent the interests of the organization’s members and other constituencies in directing the business and affairs of the organization within the law.
D&O insurance responds to protect a farmers market for the insured perils surrounding an allegation of a wrongful act. An important feature of a D&O insurance policy is defense costs coverage. The costs associated with defending an allegation of a wrongful act can easily and quickly exceed $50,000.
Click the application link below to print you Farmers Market Directors & Officers insurance application. Once printed, please fill in the questions, sign and email the completed application to firstname.lastname@example.org