Allianz Liability & Assets

D&O manager liability for associations

Three good reasons for our product:

Verification: We clarify the extension of the obligated payments due to damages
Payment: If entitlement is justified, the service is provided up to the amount of the agreed insured sum
Defending against unjustified claims: If our examination assumes that the manager is not guilty

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Manager liability insurance for associations?

This financial loss/liability insurance is suits certain bodies of associations (e.g. B. Board of the association, auditor).

A financial disadvantage which does not constitute personal injury or damage to property shall be considered as financial loss. Leadership positions in associations pose a risk that should not be underestimated.

In case of a wrong decision of the association board, the damages sometimes go into the thousands and the association body has to prove that it has not acted culpably (reversal of the burden of proof).

To ensure that the work for the association does not become a personal risk, certain association bodies, e.g. the association board, can obtain financial cover with our D&O-Insurance.

Reasons for a D&O-Insurance in details

Liability with private assets

All members of an association board can be personally liable in unlimited amounts, also with their private assets, for violations of duty culpably committed in the course of their activities.

Liability – unlimited

The bodies of the association are liable indefinitely and thus their financial existence may be severely threatened.

Liability – jointly and severally

In case of a joint and several liability, the institution is not only liable for its own fault, but also to the full extent of errors of the other members of the institution.

Liability to own company & third parties

The manager's activities always entail risks of liability both towards the association itself (internal liability) and, in certain cases, towards third parties (external liability).