Coalition Launches Executive Risks Insurance for Not-For-Profit Organizations

Brokers can now offer D&O, EPL, Fiduciary Liability Insurance, and Crime Insurance to not-for-profit organizations.

(Image source: Coalition website.) 

Coalition, a San Francisco-based InsurTech combining cyber security solutions and cyber insurance with a preventive approach to digital risk, has launched a version of its Executive Risks Insurance products designed for not-for-profit organizations. Coalition’s Executive Risks insurance for not-for-profits combines automated underwriting data collection and real-time analysis with a streamlined application process compared to the industry standard for Executive Risks applications, the company reports.

Patrick Mitchell, Executive Risks Lead, Coalition.

“Not-for-profits need to focus on their day-to-day operations to fulfill their mission. They may not have the time or resources to address management liability issues,” comments Patrick Mitchell, Executive Risks Lead, Coalition. “Coalition’s robust suite of risk management solutions adds complementary services, including a hotline for pre-claim issues, training for employees and boards of directors, handbook builders, and more. We help not-for-profit organizations where they need it most, enabling them to dedicate their limited time and resources to areas of more significant impact.”

Not-for-profit organizations often face unique management liability claims, including those related to the misuse of funds, compensation issues, excess benefit transactions, and potential antitrust law violations, including the Sherman Antitrust Act, a Coalition statement notes.

Smoothest Path to Minimize Liability Incidents

Starting today, these organizations and their leaders can access A+ rated coverage for all of Coalition’s existing Executive Risks product lines—Directors & Officers (D&O) Insurance, Employment Practices Liability (EPL) Insurance, Fiduciary Liability Insurance, and Crime Insurance via our carrier. For brokers, Coalition’s quoting experience for not-for-profit organizations is highly convenient, allowing brokers to bundle all of Coalition’s Executive Risks insurance products and generate a bindable quote in minutes.

“We adapted our Executive Risks experience specifically for not-for-profits to ensure the smoothest path to help minimize and resolve management liability incidents that could seriously damage their organization,” continued Mitchell. “Not-for-profit leaders can have peace of mind knowing they have helped safeguard their organizations.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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