Association
Association Insurance is a type of coverage specifically designed to protect associations, clubs, non-profit organizations, and professional groups from various risks and liabilities they face during their operations. This insurance provides financial protection for both the organization and its leadership, including directors, officers, and members.
Why is Association Insurance Necessary?
- Financial Protection: Helps cover legal costs, settlements, or damages in the event of claims or lawsuits.
- Risk Management: Shields the association’s assets and leadership from potential financial ruin due to legal action.
- Peace of Mind: Allows associations to operate and plan events with the assurance that they are protected against unforeseen risks.
What types of coverage are included in Association Insurance?
Typical coverages include Directors & Officers (D&O) Liability, General Liability, Property Insurance, Professional Indemnity, and Event Insurance. The specific coverage can vary based on the policy and insurer.
Are there any exclusions in Association Insurance policies?
Common exclusions may include intentional misconduct, fraud, or illegal activities. It’s important to review the policy details or consult with your insurer to understand what is and isn’t covered.
How do I determine the right amount of coverage for my association?
The appropriate coverage depends on your association’s size, activities, risks, and regulatory requirements. Consulting with an insurance advisor can help assess your needs and tailor a policy to fit your specific requirements.
Why choose Us !?
Experienced
All of our staffs have up to 15 years of experience in the industry, offering competitive quotes and professional advices that best fit your personal and business needs.
Reliable
We have built good relationship with reputable and reliable insurers to provide you with the best quotation for you and your business needs.
Unique
Other than offering insurance products, we also provide services in re-financing and financing your newly purchased personal and commercial vehicle.
CALL US
96522277
Address
5008 Ang Mo Kio Ave 5, #04-09 Techplace II, Singapore 569874
enquiry@quotefirst.com.sg