Allianz Liability & Assets
D&O manager liability for associations
Three good reasons for our product:
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.