The Hartford has expanded its offerings to include management liability coverage integrated with risk management services for nonprofit organizations.

“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 Michael Kosednar, senior managing director of specialty insurance for The Hartford. With the new product, he said, The Hartford “is able to help nonprofits navigate potential risks and protect their organization's interests and stakeholders.”

The new product will offer nonprofits “a comprehensive set of coverages” that help protect against:

- 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; and

- Kidnap & Ransom/Extortion in the U.S. and abroad.

Other comprehensive coverage options for nonprofits include:

- Crisis management public relations reimbursement;

- Workplace violence expense;

- Increased wage and hour claim defense coverage; and

- Expense coverage for cyber breaches.

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

The new coverage is for nonprofits including trade/professional associations, chambers of commerce, libraries, foundations, charities, and museums.