CCW Global is able to provide comprehensive Association Liability Insurance options to Non-Profit organizations in Hong Kong and China.
Specifically designed for Non-Profit organizations, including Charities, Religious Institutions and Trusts, and NGO’s, an Association Liability Insurance policy will insure an entity for the personal liability of its office bearers and employees in respect of breach of duty, as well as the organization’s liability for its professional services or advice and tax audit coverage.
While there has been significant growth in the non-profit sector in recent years, this has been accompanied with an upswing of lawsuits reflecting the increasingly litigious nature of the 21st century; simply put, the risks facing charitable associations and non-profit companies are getting more severe over time. Adding to this, members of an association or non-profit organization (including directors, trustees, and senior management) can carry a personal responsibility for the organization in respect to their official employment duties – failure of these individuals to act appropriately, or making less than desirable operational decisions, can mean significant risk to the organization.
Association Liability insurance addresses these risks by providing non-profit organizations coverage for:
With this easy to understand package, an Association liability insurance plan is perfect for any “business” that does not conform to a traditional corporate structure, or who would otherwise fall outside of the coverage offered by traditional liability and indemnity insurance options.
Generally, an Association Liability Insurance policy should be considered by companies and businesses in the following areas:
If an organization is seeking Liability or Indemnity solutions, but has been declined coverage by an insurance company, then an Association Liability Insurance policy may be an ideal solution.
If you would like to learn more about Association Liability Insurance solutions in Hong Kong, China, or throughout the Asia Pacific Region, or if you would like to arrange a free no-risk no-obligation consultation to discuss your organization’s Association Liability coverage options, please Contact Us to speak with an expert CCW Global insurance broker today.
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