We’re excited to announce that we’ve launched our latest product, Association Liability on 23 September 2020.

Our Association Liability policy is suited to Australian based associations and NFPs with up to 500 employees and volunteers and a turnover of less than $25m. It is competitively priced and backed by the AA- security of Swiss Re Corporate Solutions. This policy can be found on ProBind along with Management Liability, Sole Traders & Partnerships Management Liability and Healthcare Professionals Civil Liability.

Our Association Liability policy is not a “one size fits all” style of product – it’s modular in nature, allowing brokers to build a policy to suit their client’s needs. Plus the flexibility and ease with which brokers can dial up or down limits and deductibles in real time makes broker’s lives easier. That’s a win-win in our book.

As well as a single excess applying across all coverage sections – which is unique – plus flat deductibles, the policy also includes:

• Comprehensive commercial crime cover
• Comprehensive statutory liability cover
• Complimentary legal advice and contract reviews
• Access to a whistleblower hotline

Associations and NFPs deserve first class coverage according to Jaydon Burke-Douglas, ProRisk’s General Counsel and Head of Product. “This is why our Association Liability product combines the very best market leading features. It helps ensure the needs of this important segment of the economy are met.”

ProRisk’s policy isn’t like many others in the market. “It includes comprehensive commercial crime cover, not just fidelity cover like some other products. It also has unique valued added benefits, which provide important extras to policyholders from day one after buying a policy,” said Jaydon.

Hamish McDonald Nye, ProRIsk’s Executive Director, believes that this product is going to be a game changer for ProRisk. “What we’ve put together is an offering that is unique in the Association Liability market. Not only is the product extremely competitive, but it also incredibly easy to get a quote off ProBind. Plus, it’s backed but the security of Swiss Re Corporate Solutions, giving our brokers access to new AA- rated capacity.”

Hamish believes broker education is critical in helping them provide the highest level of service to their clients. “We run regular webinars to really help brokers understand the detail of our products. We know that AL can be challenging for some to sell. Out webinars are very well subscribed, sometimes oversubscribed, which tells us that there is a real need for the type of education we provide. I’d encourage any broker wanting to dig deeper to hop on our webinars.”

We’re holding a free webinar on Association Liability product training on 29 October 2020. Register for this webinar or any of our other upcoming webinars here.