Affinity Nonprofits AAM-Recognized Directors’ & Officers’ (D&O) Liability Insurance Program

Affinity Nonprofits AAM-Recognized Directors' & Officers' (D&O) Liability Insurance Program - Exclusive D&O Liability Program

Recognized by the American Alliance of Museums

The Affinity Nonprofits AAM-recognized Directors' & Officers' (D&O) Liability Insurance Program provides a good example of how we've worked with industry leaders to create an insurance plan that has been custom designed around your nonprofit clients' exposures and we offer it at a rate that can save your clients money. Our minimum premium is typically half the price of the competition.

A museum's ownership of its artwork and artifacts is vitally important to its operation. If faced with a lawsuit challenging its provenance records for ownership, the Provenance Liability coverage offers protection against such suits and a strong reason why your museum clients should have a D&O program tailored to their specific exposures.

Or, if the museum is the target of a fraud scheme where a third party improperly uses the museum's name to solicit funds, the Entity Identity offers coverage for public relations and other related costs to help clear your client's good name.

These are just a few of the many advantages of having a D&O program designed specifically to fit the individual needs of your nonprofit museum clients.

Affinity Nonprofits AAM-Recognized Directors' & Officers' (D&O) Liability Insurance Program Coverage Highlights

•  Up to $10,000,000 liability limits available
•  Defense Costs Outside the Limit of Liability
•  Employment Practices Liability Coverage
•  Third Party Coverage
•  Personal Injury Liability Coverage
•  Publishers Liability
•  Provenance Liability Defense Costs Sublimit: Offers a $25,000 defense costs
•  provision for provenance-related allegations ($100,000 sublimit available –
•  subject to underwriting)
•  Fiduciary Liability (ERISA) Defense Costs
•  Duty-to-Defend Coverage
•  Entity Identity (Fraud) Coverage
•  Expanded Definition of Loss adds Punitive Damages and Multiplied Damages
•  Broad Definition of Insured
•  Outside Directorship Liability
•  Definition of Employee includes part-time, seasonal, temporary, leased,
•  and loaned employees
•  Spousal/Domestic Partner Coverage Extension
•  Breach of Contract offers legal defense for allegations of non-employment
•  related breach of contract
•  IRS 10% Penalty Tax on Excess Benefit Transactions
•  $25,000 Aggregate Sublimits for Penalties Assessed under IRS Code section
•  6652(C)(1)(a) for a failure to file tax returns, Public Law 108-187 (the
•  CAN-Spam Act of 2003), and the 1976 Lobby Law or the Lobbying
•  Disclosure Act of 1995
•  Mismanagement Coverage
•  Worldwide Territory Coverage

Other Products Available

•  Showstoppers® Event Cancellation Insurance
•  Volunteer Accident Medical