The Pennsylvania Auctioneers Association (PAA) is pleased to announce it has partnered with IT Risk Managers, Inc. of Okemos, Michigan, to provide a new comprehensive insurance program designed specifically for auctioneers.
According to Sandra Brittingham, CAI, PAA President, "The PAA and IT Risk Managers, Inc. are collaborating together to offer an auctioneer-specific insurance program that meets the needs of the professional auctioneer and the auction industry."

"After extensive research, we found that the insurance coverage carried by most auctioneers had gaps in leaving the auctioneers exposed or inadequately insured," according to Larry Harb, President of IT Risk Managers, Inc. "This is due primarily to the lack of knowledge as to what coverage is specifically needed by an auctioneer to cover the risks and exposures unique to the auction industry."
Our new program focuses on three primary areas of coverage. The first is General Liability, the more traditional slip-and-fall coverage. The second is a Professional Liability endorsement. This provides the auctioneer with the needed errors and omissions coverage and finally a Care, Custody and Control endorsement. This coverage provides for items held but not owned by the insured. In addition, if an auctioneer already has general liability coverage, our new program will be in excess of their existing coverage.

"The auction industry has grown significantly over the past few years, and auctioneers need to be protected with their own class of insurance," observed Mr. Harb. "The new program meets the needs of the typical auctioneer better than traditional insurance offered by most Main Street insurance agencies."

Where is the Auctioneers' Coverage?

Without this new policy, it comes out of auctioneers' pockets. "Many auctioneers can't afford to self-insure this type of risk," John Ensminger, PAA Member Benefits Chair, commented. "The Michigan State Auctioneers Association's Executive Director and Product Committee have worked for over two years with IT Risk Managers to create this program specifically for state auctioneer associations. This is exactly what the auction industry needed."

For more information contact IT Risk Managers by calling 888-280-8710.

The PAA is not an insurer and is 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 indemnifies the Pennsylvania Auctioneers Association and holds PAA harmless from any claims arising therefrom, including attorney's fees.

About IT Risk Managers, Inc.: An Okemos, Michigan based insurance wholesaler. For more information about the Auctioneer Insurance Program, please contact Larry Harb, President, IT Risk Managers, Inc., 888.280.8710 or info@ITRiskmanagers.com.