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Association Liability Product Training
Did you know that there are over 57,000 registered charities and not-for-profits in Australia who are registered with the Australian Charities and not-for-profits Commission (ACNC). Yet, according to statistics released by APRA, very few of these seem to buy Association Liability insurance. The management exposures of running an association, not-for-profit or charity are comparable to those of a private company, yet Association Liability insurance is not widely purchased. But there is no reason why these uninsured exposures should remain that way.

Association Liability insurance covers certain risks arising from the actions and decisions of directors, officers and managers, which arise from the running of an association, charity or not-for-profit organisation. These actions and decisions could include improper conduct such as sexual harassment claims or legal claims such as unfair dismissal or defamation. There are few industries which could afford to ignore the legal and regulatory risks of their operations and the not-for-profit sector is not immune. Fines from various government or industry regulatory bodies can reach hundreds of thousands, or even millions of dollars for very serious breaches. In addition, the cost of defending litigation can cripple otherwise healthy and solvent organisation.

ProRisk’s Association Liability Policy is specifically designed to cover the management exposures of a small to medium sized association, not-for-profit or charity. When you think about the risks of doing business in Australia or New Zealand, Association Liability Insurance really should be a must buy.

During this webinar, you'll hear from the product and platform designers on this unique, market leading wording. You'll learn more about the key exposures and how you can structure an Association Liability policy to suit your client's needs.

Apr 15, 2021 01:00 PM in Canberra, Melbourne, Sydney

Webinar is over, you cannot register now. If you have any questions, please contact Webinar host: Jaydon Burke-Douglas.