What Does Association Professional Liability Insurance Mean?

Free Business Insurance Quote Click Here
What does Association Professional Liability Insurance mean? Read on to discover the definition & meaning of the term Association Professional Liability Insurance - to help you better understand the language used in insurance policies.

Association Professional Liability Insurance

Association Professional Liability Insurance

An insurance policy that protects nonprofit organizations from claims alleging management negligence, rather than those involving bodily injury (BI) or property damage (PD). Association professional liability insurance is synonymous with nonprofit directors and officers insurance. The forms are similar to, although broader than, those covering the directors and officers of for-profit companies. Unlike the latter, association professional liability policies also cover employment practices liability (EPL) claims, the nonprofit entity, and persons in addition to directors and officers (e.g., employees, volunteers, committee members).

We hope the you have a better understanding of the meaning of Association Professional Liability Insurance.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here