Hanover Insurance launches new management liability coverage for nonprofits

US-based The Hanover Insurance Group has launched a new nonprofit management liability program, Hanover Nonprofit Management Liability Advantage.

The Hanover said that the coverage is part of the company's Hanover Professional Portfolio, a selection of professional liability and management liability products.

Coverages of the new program include, directors, officers and organizations liability; employment practices liability; fiduciary liability; and numerous specialized coverage enhancements.

Hanover Nonprofit Management Liability Advantage helps nonprofit organizations of all types and sizes address their risk management needs, the company added. Eligible nonprofits include cultural organizations; charitable foundations; scientific organizations; social services, educational institutions; healthcare organizations and professional associations.

Helen Savaiano, vice president of management liability at The Hanover, said: "While nonprofit organizations are operating for the greater good, they often face the same exposures as for-profit companies - threatening their mission and future.

"With that in mind, we are very pleased to add Hanover Nonprofit Advantage to our growing management liability suite, which includes, distinctive, industry-specific programs which help to enhance and secure unique positions in the marketplace for our agent partners."