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Aon Affinity launches D&O products for nonprofit groups

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Affinity Insurance Services Inc., the consumer, association and program business of Aon P.L.C., on Tuesday launched a directors and officers liability insurance that extends coverage to several types of nonprofit organizations.

The D&O program offers limits of up to $10 million with a minimum premium of $1,500, and is written through New York-based Arch Insurance Co., a spokeswoman for Hatboro, Pennsylvania-based Affinity Insurance Services, which does business as Aon Affinity, said.

The program targets nonprofit education organizations, healthcare services, private clubs and aging services organizations, Aon Affinity said in a statement.

The D&O coverage includes employment practices liability, third-party liability, defense costs paid outside the policy limits, breach of contract defense costs coverage, and automatic renewals for qualifying accounts, Aon Affinity said. Additionally, customers can add fiduciary liability and crime insurance to the coverage.

Aon Affinity also said the program’s definition of insured includes past, present and future directors, officers, trustees, employees, committee members and volunteers.

“We understand the major and unique risks these organizations face,” Jason Tharpe, vice president for Aon Affinity, said in the statement. “Many nonprofits have dozens of options for directors and officers liability coverage — something that schools, healthcare services, clubs and aging services operations simply don’t enjoy because of their risk profile.”

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