Officers & Directors Insurance
Self appointed officers of our local neighbourhood association (where memebreship is voluntary) are requesting an increase in fees to cover the cost of ''officers and directors insurance''. As I would ordinarily associate this insurance with protection against individuals actions in a company or corporation I am somewhat puzzzled by the request. Do you believe that this type of insurance policy and request is appropriate in a neighbourhood association with limited assets? If you do believe it is appropriate, can you explain the perceived risks being guarded? Thank you.
Re: Officers & Directors Insurance
Another thought...the mere idea that elected officers are "self appointed" supports the need for directors insurance..
Re: Officers & Directors Insurance
Another thought...the mere idea that elected officers are "self appointed" supports the need for directors insurance..
