A leading professional association representing engineers organises an annual conference bringing together engineers from various disciplines. During the conference, a delegate slips on a wet floor near the registration area and suffers a fractured wrist, necessitating medical treatment.

Subsequently, the injured delegate files a lawsuit against the association, alleging negligence in maintaining a safe environment at the conference venue. They argue that the wet floor posed a foreseeable hazard that should have been promptly addressed by the organisers to prevent accidents.

Upon receiving notice of the lawsuit, the association notifies its insurance provider, which offers General Liability Insurance coverage tailored for professional associations. The insurance provider initiates an investigation into the incident and assigns legal representation to defend the association in the lawsuit.

The General Liability Insurance policy provides coverage for legal defense costs, court fees, and any settlement or judgment resulting from the lawsuit. The insurance company’s legal team collaborates with the association to gather evidence, assess liability, and develop a defense strategy.

Throughout the legal proceedings, the General Liability Insurance coverage proves essential in mitigating the financial risks associated with the lawsuit. The insurance company negotiates with the injured delegate’s legal representatives to reach a fair settlement, thereby avoiding prolonged litigation and minimizing potential reputational harm to the association.

Ultimately, the case is resolved through a settlement agreement, with the insurance company covering the costs of the settlement within the policy limits. The association maintains its financial stability and continues its mission to promote excellence in engineering practice and innovation.

To learn more about how General Liability Insurance can protect your professional association from liability risks, contact us today. Protect your association’s financial future and reputation with tailored insurance solutions.