ADA Liability Insurance: Protect your company against costly litigation and judgments arising from ADA regulation.
Read more to find out about ASR’s Americans with Disabilities Act Liability Insurance Program.
In response to concerns from many stakeholders, American Special Risk, LLC has developed a new insurance program to address the potential liabilities facing companies in the ATM industry. According to Mark Coons, President of American Special Risk, “we are seeing genuine concern throughout the ATM industry surrounding compliance with the Americans with Disabilities Act. While most companies have been working diligently to ensure compliance, the threat of a lawsuit and the costs associated with such actions could be significant. American Special Risk has been at the forefront of developing important insurance coverages for the ATM industry since 1999, and we are pleased to be able to respond to the needs of our clients and the industry at large.”
With the March 15, 2012 Americans with Disabilities Act (ADA) compliance date now well behind us, ATM owners, Sponsoring Financial Institutions and other banks are faced with the threat of defending themselves against expensive legal actions and the potentially large judgments assessed against them. This civil rights law prohibits discrimination on the basis of disability and means that companies that own, operate or sponsor ATMs must ensure that their terminals are accessible and usable to people with disabilities. Failure to do so could result in charges of discrimination by third parties.
ASR’s Americans with Disabilities Act Liability Insurance Program is a tailor-made insurance policy designed specifically to protect those in the ATM industry against liabilities arising from the Americans with Disabilities Act. Additionally, the program also provides critical pre claims legal assistance in advance of a claim as well as defense costs coverage when an actual claim is made.
The program is available to all companies, with a particular focus on ATM owners, Sponsoring Financial Institutions and other banks. Those interested in learning more about the program should contact American Special Risk.