July 15, 2021
The Pro Bono Partnership of Atlanta
Atlanta partner Erin Reeves McGinnis recently spoke on the Pro Bono Partnership of Atlanta (PBPA) Podcast with the group's counsel and education director, Sireesha Ghanta. The two discussed securing board members from personal liability for volunteer services, while also minimizing risk to the organization through directors' and officers' liability (D&O) insurance.
Reeves McGinnis expressed that nonprofits should carry D&O insurance because it protects an organization's directors and officers against claims for certain wrongful acts committed in their capacity as directors and officers. Since boards of directors have the large responsibility of overseeing programs and services of a nonprofit, it can make them potentially liable for the operations of the organization. Reeves McGinnis stated D&O insurance can help cover the types of expenses that may arise in connection with claims and bridges any gaps that exist or that may arise in the future.
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