Big I, Fireman’s Fund Offer Nonprofit D&O Market

April 8, 2004

Fireman’s Fund is offering two nonprofit director and officer (D&O) liability insurance products to Independent Insurance Agents and Brokers of America (IIABA) members in states where the online market access program is available, the group said in a statment.

The two products, DefenseFirst and DefensePlus, protect board members, executive directors, managers, supervisors, employees and volunteers of nonprofit organizations from claims of mismanagement, including alleged employee discrimination.

DefenseFirst was created for smaller nonprofits with annual revenues of less than $200,000. When faced with litigation, Fireman’s Fund selects the defense attorney and pays claim expenses incurred in excess of the insured’s retention. Legal expenses are included in the limit of insurance.

DefensePlus is targeted to organizations with annual revenues exceeding $200,000. The coverage pays for legal expenses outside the limit of insurance. Fireman’s Fund selects the defense attorney and pays claim expenses incurred in the organization’s defense. The insured’s retention applies only toward settlement of the claim.

Fireman’s Fund, a member of Allianz AG, is “A”-rated by A.M. Best. Allianz operates through 200 subsidiary companies with more than 175,000 employees, resulting in global collaboration based on financial strength and a philosophy that honors loyalty and service.

Agents seeking access to DefenseFirst and DefensePlus must be IIABA members. To review underwriting criteria, download sales tools and policy specimens, and submit an online quote request for these products, member agents and brokers must login to the proprietary online system at

Agents and brokers who are not IIABA members must join their state independent insurance agent associations and then submit a registration kit, which can be downloaded at Once the kit has been processed, the agent or broker will receive a user ID and password to the site.

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