Property & Liability
The Property and Liability Programs are the foundation of ASCIP’s services to its members, offering broad and comprehensive first and third party coverage.
Property Program
The ASCIP Property Program protects members from the risk of direct physical loss or damage to Property (real and personal), Boiler and Machinery and Electronic Data Processing losses. Builder’s Risk, as related to construction, modernization, alteration, renovation or repair, is also included.
Liability Program
The ASCIP Liability Program provides defense and indemnification for third party claims for damages arising out of bodily injury or property damage.
The ASCIP Liability Program includes:
- General Liability
- Auto Liability
- Employment Practice Liability
- Errors and Omissions
- Libel/Slander/Defamation
- Violation of Civil Rights
- Professional Negligence
- Sexual Molestation
The program also includes a reimbursement benefit for the summoning of emergency assistance (911 Calls) up to $2500 per incident.
Cyber-Liability
An insurance program which provides property and liability coverage (subject to the terms, conditions and exclusions of the Cyber policy) for Cyber losses including loss of confidential records. This coverage is provided to our members without charge; however, each member must complete an application to obtain the Cyber coverage. This insurance covers such losses as: Crisis Management Costs, including Customer Notification, Support and Credit Monitoring Expenses; Forensic Analysis; Privacy Regulatory Defense & Penalties; Data Extortion; and PCI (Payment Card Industry) Fines.
| $25,000 | Member JPA/District Deductible per Line of Coverage |
| $500,000 | Barbican AXV Policy Aggregate: $10,000,000 Privacy Regulatory Defense & Penalties: Sublimit-$500,000 Data Extortion: Sublimit $500,000 Crisis Management & Customer Notification: Sublimit $500,000 |
Comprehensive Crime (Employee Dishonesty)
The ASCIP Comprehensive Crime Coverage includes:
- Employee Faithful Performance Blanket Bond
- Premise Coverage
- Transit Coverage
- Depositors Forgery Coverage
Automobile Physical Damage
The ASCIP Automobile Physical Damage Program will pay for loss to a covered automobile or its equipment under two coverage areas:
- Comprehensive Coverage: From any cause except the covered automobile’s collision with another object.
- Collision Coverage: Caused by the covered automobiles’ collision with another object.
Please contact an ASCIP representative for additional information regarding any of the above ASCIP Property and Liability Programs.
*All coverages are subject to policy terms and conditions and any applicable exclusions.