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PROGRAM
Without These Policies, It's Out of Your Pocket
 IT Risk Managers has designed this program specifically to cover the risks and exposures of auctioneers and was created with the help of the Michigan State Auctioneers Association.
This program is endorsed by the Michigan
State Auctioneers Association and a growing number of other
state associations.
We started with the
base policy of a general liability product
(GL) and add-on endorsements for Errors and Omissions (E&O) and Care, Custody,
and Control (CCC). This designs a policy specifically for auctioneers with more coverage and one that is more
cost-effective than purchasing separate plans. While this product does not cover every risk and exposure that
an auctioneer may have, we believe it to be the most comprehensive program available in the marketplace today.
If you already have a general liability policy, this product would become an excess over and above your existing policy.
Special discounts are available to members of the Michigan State Auctioneers Association or other state associations and
auctioneers that are registered and/or licensed with their state and follow the occupational code voluntary registration
programs.
Risks Coverage
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Slips and Falls |
General Liability Policy |
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Vase on the table breaks |
Care, Custody & Control Policy |
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Item is stolen |
Care, Custody & Control Policy |
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Didn't get the price you
predicted |
Errors and Omissions Policy |
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Hurt while operating equipment |
General Liability Policy |
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Misrepresented the item |
Errors and Omissions Policy |
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Litigation (you get sued) |
Errors and Omissions Policy |
DISCLAIMER: The description herein is a summary indication only. It does not include all terms, conditions and exclusions of the policies described.
Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all jurisdictions.
Issuance of coverage is subject to underwriting. * In order to qualify for premium credits you must be a member you local state
association and occupational with registration laws.
The State Auctioneers Associations are not insurers, and are not making
representations regarding the insurance coverages afforded or the suitability for individual members. Applicant
acknowledges that by making application for insurance coverage, the applicant hereby agrees to indemnify any and
all of the State Auctioneers Association and hold them harmless from any claims there from, including attorney's
fees.
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