Association Liability Insurance
Protection For Non-profits and Non-corporate Organisations.
Association Liability Insurance is an essential safety net for nonprofit organisations and their leaders, providing protection against claims that can arise while they’re doing their important work.
These claims might include allegations of wrongful acts that could have serious financial consequences for the organisation and its team. With this insurance, directors, officers, and board members can confidently do their jobs without the worry of personal loss or liability.
What Does it Cover?
With Association Liability Insurance, you’re covered if someone sues you for things like negligence, financial mismanagement, breaches of duty, and employment practices.
The insurance covers your legal defence costs, settlements and other financial liabilities that may pop up. Best of all, it not only protects individual leaders but also secures the organisation’s assets, ensuring financial stability even during tough times.
Who Needs Association Liability Insurance?
Nonprofit organisations of all sizes, no matter their mission, should definitely think about getting Association Liability Insurance. It’s especially important for those with a governing body, as these individuals often make key decisions that impact the organisation. Without this insurance, directors and officers could face personal liability for any claims of misconduct, putting their assets at risk.
In a nutshell, Association Liability Insurance is a must-have for any nonprofit that wants to responsibly manage potential legal challenges and protect both its leaders and the organisation as a whole.
