Directors' & Officers' insurance

FFEA has partnered with K&K Insurance to provide Directors' & Officers' Insurance that provides important protection for non-profit entities including:

  • Fairs
  • Festivals
  • Events
  • Shows
  • Parades

Protection is provided 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. Coverage is provided on a claims-made basis, applying only to claims first made during the coverage period.


Eligible Organizations
Organizations that meet all of the following criteria are eligible for coverage under this program subject to underwriting
approval:
1. Must be a current member of FFEA.
2. The organization has tax exempt status as a not-for-profit organization.
3. The annual revenue of the organization from all sources is $5,000,000 or less.
(If greater than $5,000,000 please submit for individual consideration).
4. The organization must not be a governmental entity or organization.

Directors’ & Officers’ and Employment Practices Liability
Option A
Coverage Limit
Separate Maximum Aggregate Limit of Liability for Directors & Officers Coverage  - $ 1,000,000 each policy year
Separate Maximum Aggregate Limit of Liability for Employment Practices Liability Insurance  - $ 1,000,000 each policy year
Retention - $ 1,000 each claim

Option B
Coverage Limit
Separate Maximum Aggregate Limit of Liability for Directors & Officers Coverage -  $ 2,000,000 each policy year
Separate Maximum Aggregate Limit of Liability for Employment Practices Liability Insurance  - $ 2,000,000 each policy year
Retention-  $ 1,000 each claim


Directors’ and Officers’ Medical Payments
Coverage provides medical expense payments for a bodily injury loss caused by an accident that takes place during activities that are customary to your business in the covered territory for the directors and officers of the named insured.
Limit: $10,000 per director or officer.

Notable Exclusions
This insurance will not pay any claim based upon:
• Advertising injury • Fungi • Pollutants
• Bodily injury • Nuclear • Property damage
• Failure to maintain proper insurance • Personal injury • Wrongful death

Premium Information
The total premium charge is fully earned at the inception of coverage and is not refundable. Full premium payment is required to bind coverage. Please refer to the enrollment form for premium.


Optional Coverage
Outside Services/Directorship
This option provides coverage for your board members serving as a director or officer on another non profit entity’s board, at the request of the Insured entity.
Volunteer Worker Medical Payments
Coverage provides medical expense payments for a bodily injury loss caused by an accident that takes place during a covered program in the covered territory for volunteers of the named insured. Limit is $10,000 per participant.

Note: All Florida applicants must add a 1.3% state mandated Hurricane Catastrophe Fund assessment fee to the total premium.


How to Obtain Coverage
Complete the enrollment form. The enrollment form must be signed by the president of the board of directors, the executive director, or the treasurer of the organization.

Remit the enrollment form and premium payment to:
K&K Insurance Group Phone 1-877-783-1161
Small Commercial Unit Fax 1-260-459-5870
1712 Magnavox Way
Fort Wayne, IN 46804

You will be notified by K&K if, for any reason, your submission to this insurance program is declined or determined to be
ineligible for coverage and your premium payment will be returned or refunded. If your enrollment is accepted, coverage
documents will be issued by K&K Insurance. Coverage will become effective the day your enrollment form and premium
payment are received and approved by K&K, or on a later date that you may specify. Coverage is provided on an annual
basis.