Association Liability

Business Insurance

Category: Directors and Officers Liability

Association Liability insurance is designed to protect nonprofit organizations, professional associations, clubs, and other member-based entities against claims arising from the management and operations of the association. This insurance typically covers directors, officers, and the organization itself against legal liabilities, including wrongful acts, mismanagement, errors, and omissions that may occur during the course of conducting business.

The information provided on this website is only general information. Please refer to the policy's full terms, conditions and exclusions for the specific details and coverage.

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Association Liability insurance is ideal for:

Nonprofit Organisations

Charities, foundations, and community groups that operate with volunteer boards and staff.

Professional Associations

Organisations that represent specific industries, professions, or trades (e.g., medical, legal, engineering).

Clubs and Societies

Member-based organisations, such as sports clubs, alumni associations, or social groups.

Trade Associations

Groups that bring together businesses or professionals in a specific industry to promote shared interests.

Volunteer Organisations

Groups run by volunteers that may lack full-time professional staff, exposing them to greater risks.

The information provided on this website is only general information. Please refer to the policy's full terms, conditions and exclusions for the specific details and coverage.

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Protection for Directors and Officers: This insurance safeguards the personal assets of board members and officers by covering legal costs and settlements related to claims of wrongful acts, such as mismanagement, fraud, or breach of duty.

Covers Legal Expenses: In the event of a lawsuit, the costs of legal defense can be substantial. Association Liability insurance helps cover these expenses, even if the association is not found at fault.

Ensures Operational Continuity: Protects the association’s financial stability in case of claims that could drain resources or disrupt operations.

Attracts and Retains Leaders: Directors and officers are more likely to join and remain involved with an organization that offers protection against personal liability.

Compliance and Risk Management: Many associations face legal risks from member disputes, regulatory compliance issues, or the actions of volunteers and staff. Association Liability insurance helps manage these risks and ensures legal compliance.

Peace of Mind for Volunteers and Members: Volunteers and staff can carry out their responsibilities without the fear of personal financial loss due to unforeseen issues.

Association Liability insurance is a vital safeguard for any organization that operates with a board of directors or volunteers, ensuring that they can focus on fulfilling their mission without the constant worry of legal or financial repercussions.

The information provided on this website is only general information. Please refer to the policy's full terms, conditions and exclusions for the specific details and coverage.

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Get in touch with our team today. We will be happy to assist!

B. T.

"Sheila Goh, our primary contact, understands our strategy and is able to tailor insurance products that suit our needs. When an insurance claim had to be made, the process was seamless and settlement timely.