What type of business is it good for?

Associations engaged in standard setting, accreditation activities, industry education and related services.

 

Valerie McDonald
Senior Vice President, MPL Product Leader
Insurance
Hartford, CT
valerie.mcdonald@axiscapital.comvalerie.mcdonald@axiscapital.com
Tel +1-860-707-1706Tel +1-860-707-1706
15Single policy protects against professional liability, content liability and security/privacy liability
https://axiscapitalcom-cdn.sitefinity.cloud/images/default-source/icons/160.svg?sfvrsn=8e67b758_2Broad definition of content applicable, including web sites, social media, professional opinions and more
https://axiscapitalcom-cdn.sitefinity.cloud/images/default-source/icons/25.svg?sfvrsn=27a8a0a_2Full policy limits available for defense of antitrust claims
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 errors & omissions liability coverage endorsed by the American Society of Association Executives. Definitions include the administration of member services and content for today's landscape —which may include social media and advertising. Favorable consent to settle clauses in our contracts give associations more control over a settlement and how it might affect their business practices.

Solution

AXIS Professional Liability Insurance for Associations

Insurance
As the only provider endorsed by the American Society of Association Executives, AXIS underwriters understand the legal and regulatory risks that are inherent in serving members of an industry or trade group. Working closely with clients and brokers, we write policies to cover both the known risks and less obvious risks. As the only provider endorsed by the American Society of Association Executives, AXIS underwriters understand the legal and regulatory risks that are inherent in serving members of an industry or trade group. Working closely with clients and brokers, we write policies to cover both the known risks and less obvious risks.

  • Definition of services includes:
    • The administration of member services
    • Internet media services
  • Definition of matter includes social media venues plus advertising services
  • First-party coverages:
    • Crisis management and public relations expense
    • Computer system extortion expense and loss
    • Business interruption and data recovery expense (optional by endorsement)
  • Coverage for personal injury liability exposures
  • Defense against allegations of unfair or deceptive trade practices
  • Punitive damages coverage with provisions for most favorable venue, where allowed by law
  • Favorable consent to settle clause giving insured more control over settlement
  • Coverage for innocent insureds for conduct of rogue employees
  • Worldwide coverage where allowed by law
  • Primary or excess coverage available
  • Spousal coverage
  • Subpoena assistance expense
  • Donation fulfillment
  • Fundraising event blackout
  • Image restoration and counseling
  • Temporary meeting facilities expense
  • Technology services, including PCI-DSS coverage, Social engineering, ransomware, business interruption and data recovery

Associations that:

  • Set and develop standards
  • Produce and publish printed material
  • Produce and publish interactive media
  • Publish technical material in any format
  • Perform consulting services
  • Administer continuing education programs
  • Offer certification and accreditation programs
  • Create specifications, guidelines and principles
  • Provide online and classroom development

All capabilities (including deductibles, self-insured retentions, limits of liability and minimum premium) are for illustrative purposes only as to products offered by AXIS insurers licensed in the state and not necessarily indicative of the capabilities of any other AXIS company.

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 case and the terms, conditions and exclusions of each individual policy. anyone interested in an insurance policy should request a copy of the policy itself for a description of the scope and limitations of coverage The 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. Certain products may be offered by AXIS companies not licensed in your state and therefore may only available through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are not protected by such finds, and surplus lines insurers are not always subject to the same insurance regulatory standards applicable to licensed insurance companies.

Experienced and efficient claims management

claims-resolution

CLOSE COLLABORATION

between claims, underwriting & distribution partners

At AXIS, we take a proactive approach to managing claims. Many of our claims specialists have been with us for a decade or more, and they are empowered to provide our association clients with specialized attorneys and expert witnesses to protect the client's reputation and ensure the association can continue to serve its members. Since many of these claims can impact overall association practices, we include a consent to settle clause in these policies, so clients have greater control over settlements.

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