Directors/Officers and Crime

Directors / Officers and Crime Insurance

Dissinger Reed and the NFHS have a wide variety of insurance options made available to you and your association. For those associations who wish to purchase Directors & Officers Insurance or Crime Coverage, Dissinger Reed has developed a Supplemental Insurance Program for NFHS member associations.

Directors and Officers Insurance provides protection for claims arising out of allegations of errors, omissions or wrongful acts committed by its directors, officers, employees or volunteers. This coverage will respond to allegations of discrimination against a third party, acts beyond granted authority, failure to deliver services, wrongful dismissal, and wrongful employment practices. Defense costs are paid in addition to the limit of liability.

Directors & Officers Insurance does not provide coverage for lawsuits involving bodily injury or property damage. These types of claims can be covered under the association’s General Liability policy.

NOTE:

This coverage is written on a “claims made basis.” All claims under this policy must be reported to the insurance company within the policy term.

If your association is a for-profit entity, your association is not eligible for coverage under this program.

How to Apply:

1. Complete the Directors & Officers application. Download the form
2. Send the application along with your premium check to K and K Insurance, Attn: Bobbie Fretz, PO Box 2388, Fort Wayne, IN. 46801-2338
3. We must receive your premium prior to the start date in order for coverage to be bound.

Crime Insurance

Crime Insurance provides protection for NFHS Member Associations against financial loss caused by the dishonest disappearance of money, securities or negotiable instruments. This Crime Insurance Plan includes coverage for loss by theft or forgery by an officer or volunteer.

Examples of covered losses under this plan are the loss or dishonest disappearance of: moneys or securities in the league treasury; moneys collected from fund raising activities; or moneys set aside for the purchase of uniforms and equipment.

Employee Dishonesty: $25,000 per loss
Theft (inside/ outside): $10,000 per loss
Depositor’s Forgery Coverage: $10,000 per loss
Computer Theft Coverage: Not Covered
Deductible: $250 per claim

Annual Premium: $290.00

How to Apply:

1. Complete the Crime application. Download the form
2. Send the application along with your premium check to K and K Insurance, PO Box 2388, Fort Wayne, IN. 46801-2338
3. We must receive your premium prior to the start date in order for coverage to be bound.

NOTE:

If your association is a for-profit entity, your association is not eligible for coverage under this program.

Please note that this policy does not cover the loss of equipment or other Association property.