ALIGNED can help labour unions of all sizes and across all industries find quality insurance solutions.
Who is labour union insurance for?
If you operate a labour union, then labour union insurance might be for you. This type of insurance is designed for a variety of unions, such as chapters of international unions, national unions, regional or local unions, and joint apprenticeship training committees.
What does labour union insurance cover?
Labour union insurance policies vary but may include the following coverage types:
- Commercial property insurance: If your labour union has a physical office space, commercial property insurance is important. This insurance type can protect against insured perils like theft, vandalism, fire, water damage, etc.
- Commercial general liability insurance: Commercial general liability insurance, sometimes referred to as “slip-and-fall insurance,” protects against the day-to-day risks that come with operating a labour union. With this type of coverage, your union may be compensated in the event of a third-party property damage or bodily injury claim. Specifically, your insurer may cover the cost of medical expenses, repair bills, legal fees, etc. up to the policy limit.
- Directors, Trustees & Fidcuiary Liability insurance: Directors, Trustees & Fiduciary liability insurance are typically the most important coverage for the Union executive as the liability associated with the acts and actions of union executives and the manamgent of pension funds poses a significant risk for the individuals involved and the union itself. Directors, Trustees & Fidcuiary Liability insurance coverage can help pay for the cost of a lawsuit in the event that your labour union is sued for misrepresentation, breach of duty etc. and can help with defence costs, settlement fees, and more.
- Cyber liability insurance: If your labour union stores sensitive information about its members on the computer or cloud, cyber liability insurance may come in handy. This type of coverage can help pay for any costs associated with a hack or data breach like credit monitoring, crisis control, client notification, and more.
Find the right insurance policy for your labour union with ALIGNED
Ready to purchase insurance for your labour union? Contact ALIGNED today or click here for a quote.