Assessing Insurance for Land Trusts

Directors and officers (D&O) insurance covers liability for actions of the land trust board and staff and protects the land trust, something that an individual board member's own homeowners insurance will not do even if it has some protection for volunteer service. These practical pointers will help your land trust review coverage options with Directors and Officers insurance.

Smart land trusts typically purchase multiple types of insurance coverage and will consider how the various insurance coverages fit together when selecting the right coverage package.

This book provides an introduction to risk management in order to equip your land trust with information, resources and suggested strategies for designing and implementing a practical risk management program.

There is no set formula for the amount of insurance coverage for a land trust or an actuarial table for appropriate limits of liability and deductibles. Land trusts frequently purchase coverage through multiple types of insurance. These practical pointers describe how the various insurance coverages can fit together to provide comprehensive coverage for your land trust.

​​Insurance is complicated. Reading the fine print to make sure you have the right coverage for your land trust’s risks can be difficult. Join Meghan Mullee, first vice president of Alliant Insurance Services, for a crash course on the basics of insurance coverage.

Land Trust Standards and Practices, Practice 6E. Risk Management and Insurance, include two elements. This module addresses Practice Element 6E2.

This is a sample of human resources best practices from the Taproot Foundation.

This chart lists types of insurance which land trusts frequently purchase and summarizes the coverage or lack of coverage associated with such policies.

The Land Trust Alliance and Gathering Waters: Wisconsin’s Alliance for Land are collaborating to help you identify and assess risks using current risk management strategies that will help you ensure the permanence of your land trust and its conserved lands.