Why do nonprofit organizations need management liability insurance?

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Your Hanover agent can customize a Management Liability quote for your nonprofit.

Management liability insurance helps to financially protect businesses, along with their executives, directors, officers, and managers, from claims of sexual harassment, discrimination, wrongful termination, and other “wrongful acts.”

What types of nonprofits should consider management liability insurance?

Almost every nonprofit should consider the protection offered by management liability insurance. The Hanover’s Nonprofit Management Advantage offers broad Management Liability protection, including Director’s & Officers (D&O) coverage, for a wide range of nonprofits organizations:

  • Artistic organizations (arts, humanities, theaters, etc.)
  • Charitable organizations (foundations, trusts, Meals on Wheels, YMCA, Goodwill, homeless shelters, etc.)
  • Religious Organizations
  • Scientific (nature and/or environmental organizations, etc.)
  • Educational (special education organizations, job training/vocational programs, museums, etc.)
  • Economic development (business leagues/associations, cooperatives, chambers of commerce, etc.)
  • Literary groups

End-to-end management liability insurance for nonprofits

We have management liability expertise to help protect your organization, and competitive rates to help you manage your budget. Together with our select Hanover agents, we can tailor Management Liability coverage to your needs.

The Hanover’s Nonprofit Management Advantage includes six important core coverages with limits of liability up to $5 million:

Directors, Officers & Organization Liability Insurance (D&O)—Liability coverage for executives, board members, employees and volunteers

Employment Practices Liability Insurance (EPL)—Broad coverage for employment practices wrongful acts, including discrimination, harassment, wrongful discharge, workplace torts, retaliation and more

Fiduciary Liability—Protects the organization and the persons employed by the organization to design, administer, and manage pension, health and welfare, and employee benefit plans for breach of fiduciary duty.

Fidelity & Crime Insurance—Protects against loss caused by criminal acts, including employee theft, burglary, robbery, computer fraud, and funds transfer fraud, and more.

Kidnap/Ransom and Extortion Insurance—Protects against loss of assets arising from kidnapping and extortion where personal harm or destruction of products or property are threatened.

Cyber Privacy and Security Insurance—Protects the organization from liability and other expenses related to the loss of confidential personal information.

Our Nonprofit Management Liability Insurance team consists of legal and claims professionals, and risk managers—all seasoned experts in Management Liability protection for nonprofits. As a value-added benefit, policyholders can access experts at Jackson Lewis, a nationally known firm specializing in labor and employment law. We also offer industry-leading claim services and 24/7 reporting to help you get back to business quickly after a loss.