The Hartford (HIG), a provider of property and casualty insurance, has improved its management liability offerings for small and midsize businesses (SMBs) with Private Choice Ovation, a comprehensive package policy with updated and expanded coverage options.

HIG commercial markets division senior vice president and chief underwriting officer Tom Tucker said: "As small and midsize business owners navigate increasingly complex laws and regulations governing employment practices, data privacy and private securities, even the best-run organizations can be at risk of a lawsuit."

"Wage-and-hour disputes are among the leading and fastest growing causes of employment practices liability claims today. Defending these types of allegations can cost an organization thousands of dollars and be detrimental to its business."

Private Choice Ovation includes coverage related to private securities fundraising techniques under the JOBS Act, reimbursement for certain notification costs and other expenses associated with a data privacy breach, and optional defense cost sublimit for certain wage-and-hour violations.

The packaged policy offers coverages that can be customized based on the needs of the business.

Management teams can select one or more coverage parts that include directors, officers and entity liability, employment practices liability, fiduciary liability, kidnap and ransom/extortion, and crime.