WASHINGTON, Aug. 14, 2017 /PRNewswire-USNewswire/ -- ASAE has launched the ASAE Insurance Source. Created through ASAE Business Services, Inc. (ABSI) – ASAE's wholly-owned subsidiary, the ASAE Insurance Source is a new platform designed to help associations effectively manage their operational and governance risks. All of the products offered through the ASAE Insurance Source have been tailored to include coverage provisions, features, and benefits that reflect and serve associations' unique property and casualty insurance and risk management needs. "We can't promise a hazard free operating environment, but we can help associations tap into the tools, insights, and supports they need to successfully manage the risks they face, and the ASAE Insurance Source represents a new approach," said ASAE President and CEO John H. Graham, IV, FASAE, CAE. "ASAE, through ABSI, has been engaged in this important work for many years. With this new platform, we will be able to sharpen our focus on associations' evolving risk needs and continue to add resources in the future." The ASAE Insurance Source will feature competitively priced insurance solutions, including the newly enhanced ASAE-Endorsed Nonprofit Directors' and Officers' (D&O) Insurance program, the ASAE-Endorsed Association Office Package Insurance program, the ASAE-Endorsed Event Cancellation Insurance program, as well as other insurance offerings exclusively provided by Aon Affinity Nonprofits. ASAE-Endorsed Professional Errors & Omissions liability coverage exclusively provided by AXIS PRO®[1], a member company of the AXIS group of insurance companies[2], will also be available via the ASAE Insurance Source. "The ASAE Insurance Source is another way that ASAE is delivering on its commitment to engage with and support associations as well as those who work in them," Graham added. To learn more about the ASAE Insurance Source, visit absisolutions.com. About ASAE and the ASAE Foundation ASAE is a membership organization of more than 35,000 association executives and industry partners representing 7,400 organizations. Its members manage leading trade associations, individual membership societies and voluntary organizations across the United States and in nearly 50 countries around the world. With support of the ASAE Foundation, a separate nonprofit entity, ASAE is the premier source of learning, knowledge and future-oriented research for the association and nonprofit profession, and provides resources, education, ideas and advocacy to enhance the power and performance of the association and nonprofit community. For more information about ASAE, visit www.asaecenter.org. About ASAE Business Services, Inc. The mission of ASAE Business Services, Inc. (ABSI), is to be the trusted source for essential business services for associations and nonprofits. The wholly-owned subsidiary of ASAE, ABSI supports ASAE's efforts to promote excellence in association management. For more information about ABSI, please visit absisolutions.com. [1]Coverage is underwritten by a member company of the AXIS group of insurance companies. Coverage may not be available in all states and jurisdictions. This information is for descriptive purposes only and does not provide a complete summary of coverage. Consult applicable policy for specific terms, conditions, limits, limitations and exclusions to coverage. [2]AXIS Insurance is a business segment of AXIS Capital Holdings Limited (NYSE: AXS), a global leader in specialty insurance and reinsurance. Coverages are backed by the financial strength and security of the AXIS Insurance Companies, rated "A+" (Strong) by Standard & Poor's and "A+" (Superior) XV by A.M. Best. View original content with multimedia:https://www.prnewswire.com/news-releases/asae-insurance-source-offers-associations-property-and-casualty-insurance-risk-management-support-300501845.html SOURCE American Society of Association Executives
The American Society of Association Executives has unveiled new insurance products to help associations manage their operational and governance risks. ASAE Insurance Source will offer non-profit directors and officers coverage, an office insurance product, an event cancellation policy as well as other packages. Each can be tailored to an individual association's property and casualty insurance and risk management requirements.