What type of business is it good for?
Associations engaged in standard setting, accreditation activities, industry education and related services.
Overview
Single policy protects against professional liability, content liability and security/privacy liability
Broad definition of content applicable, including web sites, social media, professional opinions and more
Full policy limits available for defense of antitrust claims
Non-profit membership associations exist to provide information, set standards and in many cases, accredit participants in the industry they serve. This opens the door to a wide range of liabilities that general liability and directors’ and officers’ liability insurance often fail to cover. With decades of combined experience, and supported by a specialized team, AXIS can help identify each association's unique exposure and tailor coverage accordingly. We are the only provider of professional liability coverage endorsed by the American Society of Association Executives.
Solutions
Solution
AXIS Professional Liability Insurance for Associations
Key Coverages and Enhancements
- Covers association services including:
- Development, approval, and publication of standards and specifications
- Professional opinions
- Education and training
- Certification and accreditation
- Administration of member service
- Internet media activities
- Definition of content includes all forms of media, with advertising by endorsement coverage for personal injury liability exposures
- Antitrust defence costs up to policy limit
- Coverage available on a primary or excess basis
- Admitted in most states
- Worldwide coverage
- Limits available up to $10M
- Coverage includes unintentional breach of contract and personal injury
- Defence within limits on a duty to defend basis
- Claims-made and reported, with automatic ERP up to 60 days and optional ERP up to 5 years
- 50/50 hammer clause, which can be amended
- Blanket coverage for subsidiaries, independent contractors, and additional insureds
- Rogue employee and imputation and severability conditions geared to preserving coverage
- Punitive damages where allowed by law, with most favorable venue provision
Supplemental Coverages
- $10,000 Disciplinary Proceedings
- $25,000 Subpoena Expense
- $25,000 Unfulfilled Pledge
- $25,000 Fundraising Event Blackout
- $25,000 Temporary Meeting Facilities Expense
- $25,000 Image Restoration and Counselling
- $10,000 Court Attendance Expense
Documents
Not all insurance coverages or products are available in all states and policy terms may vary based upon individual state requirements. Issuance of coverage is subject to underwriting, and coverage depends upon the actual facts of each claim and the terms, conditions and exclusions of each individual policy. Information on this website is provided for informational purposes only and is not an offer to sell, or a solicitation to buy, any particular insurance product. No insurance product is offered or will be sold in any state in which such offer or solicitation would be unlawful under the laws of such state. Underwritten in the U.S. by AXIS Insurance Company (NAIC # 37273), an Illinois property and casualty insurer, licensed in all 50 states and the District of Columbia, with offices at 111 South Wacker Drive Suite 3500 Chicago, IL 60606. Certain products may be offered by AXIS companies not licensed in some states and therefore may only available through a licensed surplus lines broker.
Claims
We go further with claims resolution that puts your client first. Utilizing our highly skilled claims specialists to deliver effective resolution that meets your client’s needs. Focusing on:
- Quick decision making
- Championing your needs
- An honest approach
