AXIS
Errors & Omissions (E&O) Insurance for American Society of Association Executives Members
Non-profit membership associations engaged in standard setting, accreditation activities, industry education and related services open themselves up to liability. AXIS has the expertise to evaluate an association’s risk and tailor coverage to its needs.
Overview
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.
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
Solutions
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.
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 services
- Internet media activities
- Contingent bodily injury and property damage resulting from a negligent error, omission, misstatement, or misrepresentation in the content of standards and specifications or professional opinions
- 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
- Defense 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
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 deliver on our promises
Effective resolution for customers is achieved with our highly skilled claims specialists focusing on:
- Quick decision making
- Championing your needs
- An honest approach
∗Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.
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