Umbrella/Excess Liability: You already know why you need general liability, so you should be able to see the value of excess liability, too. Basically, it increases the coverage you get on general liability, giving you more compensation to work with when there’s an accident of any kind on your business property.
D&O: Your membership organization insurance policy also needs D & O, which refers to directors’ and officers’ liability insurance. In general, this coverage pays for the legal defense of directors and officers of organizations if they are ever accused of wrongdoing and need to undergo investigation.
Professional Liability (E&O): When you provide a service of any kind, there’s a chance mistakes will be made. No matter what kind of organization you lead, it’s good to get E & O along with your membership organization insurance policy. This will cover your group if anyone gets injured or ends up with damaged property due to any services you or your members provide. And if a lawsuit arises out of the mistake, E & O can cover your legal defense costs so you do not have to pay for them out of pocket.