Brokers can now offer Directors and Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability and Crime Insurance to nonprofits
SAN FRANCISCO, May 8, 2023—(BUSINESS WIRE)–Coalition, the world’s first active insurance provider designed to prevent digital risk before it happens, today launched a version of its executive risk insurance products designed for non-profit organizations. Coalition’s executive risk insurance for nonprofits combines automated underwriting data collection and real-time analytics with a streamlined application process compared to the industry standard for executive risk applications.
“Nonprofits must focus on their day-to-day operations to fulfill their mission. They may not have the time or resources to address management liability issues,” said Patrick Mitchell, executive director of the Risk Coalition. “Coalition’s robust suite of risk management solutions adds additional services, including a pre-claim hotline, training for employees and boards of directors, handbook builders and more.” We help nonprofits where they need it most, allowing them to devote their limited time and resources to areas of greater impact.”
Nonprofits often face unique management liability claims, including those related to misappropriation of funds, compensation issues, transactions with excessive benefits, and potential violations of antitrust laws, including the Sherman Antitrust Act.
Starting today, these organizations and their executives have access to A+ rated coverage for all of Coalition’s existing executive risk product lines – Directors and Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability and Insurance against crimes through our operator. For brokers, Coalition’s nonprofit quoting expertise is very convenient, allowing brokers to pool all of Coalition’s executive risk insurance products and generate a binding quote in minutes.
“We’ve tailored our management risk experience specifically for nonprofits to provide the smoothest path to help minimize and resolve management liability incidents that could seriously harm their organization,” Mitchell continued. “Nonprofit leaders can rest easy knowing they’ve helped protect their organizations.”
To learn more about the Coalition’s Executive Risks offerings for nonprofits, please visit: https://www.coalitioninc.com/executive-risks-insurance.
About the coalition
Coalition is the world’s first active insurance provider designed to help prevent digital risk before it happens. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate digital risks. Coalition offers its active insurance products in the US, UK and Canada through relationships with leading global insurers, as well as cyber capacity through its own operator, Coalition Insurance Company. Coalition’s Active Risk platform provides automated security alerts, threat intelligence, expert guidance and cybersecurity tools to help businesses around the world stay resilient against cyberattacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates digitally and across office centers.
Coalition Insurance Solutions Inc. (“CIS”), a licensed insurance producer with a principal place of business in San Francisco, California (Cal. License #0L76155), acts on behalf of a number of unrelated insurance companies. Insurance products offered through CIS may not be available in all countries. CIS may receive compensation from an insurer or other intermediary in connection with the sale of insurance. All decisions regarding any insurance products mentioned herein, including approval of coverage, premium, commission and fees, will be made solely by the underwriter underwriting the insurance under the underwriter’s then-current criteria. All insurance products are governed by the terms, conditions, limitations and exclusions set out in the applicable insurance policy. Please see a copy of your policy for full terms, conditions and exclusions. Copyright © 2023. All rights reserved. Coalition and the Coalition logo are trademarks of Coalition, Inc. or its affiliates.
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