ASAE’s Endorsed Directors’ and Officers’ (D&O) Insurance Program announced a broader, enhanced and competitively-priced D&O insurance coverage solution for 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.
“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,” said President and CEO John H. Graham, IV, FASAE, CAE. “The enhanced D&O insurance solution we are rolling out is a prime example of that partnership. ASAE knows that D&O insurance is a risk management essential for associations.”
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.
More information on the ASAE-Endorsed D&O Insurance is available here.
