With the increasing threat of identity fraud, The Hartford Financial Services Group began offering a new identity-recovery coverage program to all new or renewed small-business policyholders last month.
The coverage offered will protect individuals, including sole proprietors, partners of a business, and owners of 20 percent of a business, but not the business itself.
Advice and information from The Hartford on how to respond to a suspected incident of identity fraud, personalized help from a case manager who will assist in correcting personal credit history and identity records, and $15,000 for out-of-pocket expenses are included in the coverage. The latter expenses can involve obtaining credit bureau reports, postage, phone and shipping fees, and notary and filing fees.
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