association professional liability insurance
An insurance policy that protects nonprofit organizations from claims alleging
management negligence, rather than those involving bodily injury (BI) or property
damage (PD). Association professional liability insurance is synonymous with nonprofit
directors and officers insurance. The forms are similar to, although broader
than, those covering the directors and officers of for-profit companies. Unlike
the latter, association professional liability policies also cover employment
practices liability (EPL) claims, the nonprofit entity, and persons in addition to
directors and officers (e.g., employees, volunteers, committee members).
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PLI XI.Q