If your association is anything like the associations our group has run, there are two challenges that are uppermost in our minds when it comes to property & casualty insurance. First, your association needs a variety of risk management coverage that ranges from Directors and Officers liability, to event liability, to protection of your association's property and everything in between.
Second, your association's ability to construct property & casualty solutions to your member's every day risk management problems can result in stronger ties between your group and its members.
The Association Practice Group has almost three decades of experience running trade associations and education foundations. Not only do we have the expertise to know what to look for in your association's exposures, we also have the professionals that can work with your association to make sure you understand your policies and explain how those policies work to protect you and your group.
Whether it is in the development of a risk retention group for association Directors & Officers liability exposures to employee group home and auto programs, we consult with each association and work on the solutions that best fit each group and their needs. The consultative, relationship building approach is reflected by our client retention ratio of over 95%.
Taking one example, that of D & O coverage, as every association buys the coverage one association at a time, we as associations aren't using our leverage for more aggressive pricing. The gbac Association Practice Group has a project underway to determine how groups of associations may better leverage their buying power with D & O carriers - not by directing all their business to one broker or carrier but through aggregating their buying power to form a group of buyers. We believe we can construct a program to reduce D & O costs, maintain the highest standards of risk management protection for associations, and provide better service.
For Your Members
We work with associations designing customized affinity programs around your association and your members' property & casualty insurance needs. While almost anyone can buy property & casualty insurance anywhere, gbac's Association Practice Group works with associations to fashion programs that both reduce their member's costs and provide non-dues income for the association. In our experience, when both the association and its members win, both grow stronger.
Let's talk about property & casualty affinity programs in the following areas:
- Umbrella Policies
- Business Property
- Business Liability
- Business Auto
- Workers Compensation
- Pollution Liability
- Professional Liability
The gbac Association Practice Group approach to advising your association and its members on mitigating their risk exposures can range from traditional insurance products to individual company "mini-captives" under section 831[b] of the Internal Revenue Code. We're not just here to sell you a policy. We're here to understand your risk exposures and fashion a solution that provides the best way to mitigate the exposure.
Your association and its members are unique. We strive to differentiate ourselves from the competition by listening to our clients, understanding their personal and business risk exposures and their insurance needs. This allows us to build the right insurance program together as a team, rather than forcing a "one size fits all" mentality.