As a member of a professional association, protecting your organization is a top priority. Insurance for professional associations can cover a wide range of risks, from liability claims to property damage. Whether you’re organizing events, advising members, or managing day-to-day operations, having the right insurance ensures your association is covered for the unexpected.
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General liability insurance for professional associations covers claims related to third-party injuries, property damage, and advertising errors. For example, if a guest attending an event organized by your association slips, falls, and gets injured, general liability insurance would cover the medical expenses and legal fees associated with the incident.
A Business Owner's Policy (BOP) combines general liability and property insurance, tailored for professional associations. It covers the building, office equipment, and liability in a single package. If a fire damages your association’s office, a BOP would cover the repairs and replace damaged equipment, while also addressing any liability claims that might arise from the event.
Commercial auto insurance for professional associations covers vehicles used for business purposes, such as transporting materials to conferences or meetings. If an employee is in an accident while driving to an event, commercial auto insurance would cover the repair costs and medical expenses for any injuries resulting from the crash.
Excess liability insurance provides additional coverage beyond the limits of your standard policies. If a large lawsuit exceeds the limits of your general liability insurance, excess liability steps in to cover the remaining costs. For instance, if your association is sued for a high-value injury claim and the cost surpasses your policy limits, excess liability would cover the excess amount, protecting your association from significant financial loss.
Professional liability insurance, also known as errors and omissions (E&O) insurance, protects professional associations from claims of negligence or mistakes in services provided. If a member accuses your association of giving inaccurate advice, which results in financial loss, professional liability insurance would cover the legal defense and any settlement costs.
With over 240 carriers and 17+ years of experience, USA Insurance offers personalized support to get the best rates for professional associations. Request a quote online, with live customer support and USA-based service, located in Burbank, CA.
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