Directors of non-profit organizations can and do get sued, and Directors & Officers insurance (D&O) is a critical coverage that all nonprofit organizations should carry. A claim brought by the Indiana Attorney General against former board members of a local foundation is a good example of this (see here & here, and here for a copy of a complaint).
The AG claims that the foundation had wrongfully transferred assets out of state, and alleged fraud and mismanagement, although the attorney for the defendants claims otherwise. According to reports, the AG recovered assets and the D&O insurer settled the claim for $175,000 (see here & here).
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