ASAE Launches Enhanced Directors’, Officers’ Liability Insurance for Associations

WASHINGTON, Jan. 10 -- The American Society of Association Executives issued the following news release:

ASAE's Endorsed Directors' and Officers' (D&O) Insurance Program is delivering a broader, enhanced and competitively-priced D&O insurance coverage solution to the association community. Developed by Aon Affinity Nonprofits (Aon), in partnership with A+ rated Arch Insurance Company (Arch), ASAE-Endorsed D&O Insurance is a flexible multi-coverage product tailored to meet the evolving risk management needs of trade and professional associations, as well as other nonprofit organizations, across the nation.

"ASAE has been working with Aon for over 20 years to provide innovative and customized insurance solutions for associations and nonprofits at affordable premium rates. The enhanced D&O insurance solution we are rolling out is a prime example of that partnership," said President and CEO John H. Graham, IV, FASAE, CAE. "ASAE knows that D&O insurance is a risk management essential for associations and nonprofits. That's why our endorsed D&O offering leverages the strength of A+ rated carrier Arch Insurance to deliver more coverage at an even better value and superior customer and claims service."

With a comprehensive suite of increased coverage limits, the enhanced ASAE-Endorsed D&O Insurance solution provides associations and other nonprofit organizations with one of the most robust D&O insurance programs available in the market today.

"Aon is excited to partner with ASAE to deliver associations and their brokers alike, access to cutting-edge, competitive D&O Insurance with a first-class customer service experience," said Amy Doherty, Senior Vice President, Aon. "In a saturated marketplace, we believe our enhanced product is an innovative solution providing essential insurance protection at a cost that nonprofits can afford."

Highlights of the program include:

Up to $500,000 in wage and hour (FLSA) coverage Up to $100,000 in expense costs for Cyber breaches $250,000 workplace violence coverage Up to $250,000 in PR costs associated with sexual abuse allegations and fundraising fraud Over a dozen first party coverage extensions

[Category: Human Resources/Personnel]

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