Trade Associations

Trade Associations  image
As a trade association organizer, you're tasked with a variety of responsibilities on a daily basis, and you may be exposed to specific risks because of your unique line of work. You’re busy enough as it is, you shouldn't have to worry about uncertainties like third-party liability claims, workplace injuries, cyberattacks and other hazards. Trade association insurance solutions from AmTrust Financial can help you be prepared for unforeseen events, allowing you to remain focused on the job at hand.


Trade Association Insurance Coverage Options


Trade associations play an essential role in representing the common interests of individuals within a specific industry. Regardless of what type of trade association you're involved in, you consistently work to maintain and develop standards for your industry and provide members with services and products such as technical advice, educational materials, publications and more useful resources. The way you run your trade association is surely unique, so you need customizable insurance solutions from AmTrust to meet your requirements. Typically, coverage for trade associations includes:

• General Liability Insurance
• Businessowners Policy (BOP)
• Workers' Compensation
• Cyber Liability Insurance


Workers’ Compensation Protection for Trade Association Employees


If you have at least one employee, your state most likely requires you to carry workers’ compensation insurance. Workers' compensation is a no-fault policy that can protect both your trade association and your employees. If an employee suffers a workplace accident, injury, or illness, the policy could help to pay for the costs of medical expenses, job retraining, partial lost wages, and hospital visits. Workers' comp could also help shield your trade association against lawsuits pertaining to employee-related injuries.

If an incident occurs, workers' comp coverage helps to protect your business and your employees by:

• Covering the costs of medical treatment, including x-rays, prescription drugs, hospital stays and surgeries
• Paying a portion of the employee's regular wages until he or she can return to work
• Covering the employer's costs for a claim


Protecting Your Trade Association Against Third-Party Liability Claims


General liability insurance can protect your trade association against a variety of third-party claims. This type of coverage can provide essential coverage for a variety of risks including property damage, advertising mistakes, bodily injury and copyright infringement. The policy can also help to pay for legal fees if a third-party claim is made against you.


Protection for Your Trade Association with a Businessowers Policy (BOP)


A businessowners policy (BOP) often includes the benefits of general liability insurance combined with the additional features of commercial property insurance and loss of income insurance policies. With a businessowners policy, if a fire damages part of the building you own or lease, you could receive assistance paying for repairs or replacements. Coverage often includes protection for the contents of your building as well, like your computers, records, equipment, furniture and inventory. Additionally, if an act of theft, vandalism, or property damage forces your trade association to have to shut down temporarily, a BOP could help you recoup some of your lost income.


How Do I Get Trade Association Business Insurance Coverage?


AmTrust is committed to helping you secure the customizable coverage you need to remain protected against a wide array of risks. Let AmTrust Financial help you find insurance policies and coverage limits to help keep your trade association safeguarded. We work alongside you to find an insurance package suited to your needs. To learn more about trade association workers' compensation packages and other top-rated insurance products that are available through AmTrust. Contact us today for more information.
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