The Hartford adds management liability coverage for nonprofits

New coverage allows insurer to better serve its nonprofit clients

The Hartford adds management liability coverage for nonprofits

Non-Profits & Charities

By Lyle Adriano

The Hartford has expanded its management liability offering to include management liability coverage integrated with risk management services, specifically developed with nonprofits in mind.

The company’s expanded flagship Private Choice Premier offering features an inclusive set of coverages that protect nonprofits from:
  • Directors, Officers and Entity Liability – Claims against everyday management and business decisions by directors and officers of an organization.
  • Employment Practices Liability – Costly employment-related lawsuits such as wrongful termination or discrimination.
  • Fiduciary Liability – Losses from claims alleging breach of fiduciary duty.
  • Fidelity/Crime – Losses incurred as a result of fraudulent acts or theft by employees and more.
  • Kidnap & Ransom/Extortion in the US and abroad.

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Nonprofit clients will also have access to other industry-related comprehensive coverage options, such as:
  • Crisis management public relations reimbursement.
  • Workplace violence expense.
  • Increased wage and hour claim defense coverage.
  • Expense coverage for cyber breaches.

“Nonprofit organizations face significant management exposures, from the way they run their operations, store sensitive information, implement employment practices, and oversee key accounting and finance positions,” said The Hartford senior managing director of specialty insurance Michael Kosednar. “With Private Choice Premier, The Hartford is able to help nonprofits navigate potential risks and protect their organization’s interests and stakeholders.”

“The nonprofit sector plays an important social role in our society and is a powerful contributor to the US economy representing a significant part of the domestic workforce,” added The Hartford head of specialty commercial Ross Fisher. “Expanding into the nonprofit marketplace supports our strategy of becoming a broader, deeper risk player while profitably growing our business.”

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