meaning of association professional liability insurance

association professional liability insurance meaning in Insurance Dictionary

An insurance policy that protects nonprofit businesses from statements alleging management negligence, versus those concerning bodily injury (BI) or home damage (PD). Association professional obligation insurance coverage is similar to nonprofit administrators and officials insurance. The types are similar to, although broader than, those within the administrators and officers of for-profit companies. Unlike the latter, connection professional liability guidelines additionally cover employment techniques responsibility (EPL) statements, the nonprofit entity, and people besides directors and officials (age.g., employees, volunteers, committee members).