The Hartford Simplifies Liability Coverage For Private Equity Firms

The Hartford Financial Services Group, Inc. now offers a comprehensive, modular professional and management liability insurance policy specifically for private equity firms and those with similar risks. The Hartford Private Equity Choice ^SM Policy is designed to safeguard private equity funds and protect fund managers from the types of exposure arising from their different roles as professional investment advisor, fiduciary and employer.

“Managing a private equity fund offers a significant opportunity for financial reward, but the risk of costly litigation can also be substantial,” said Amit Davé, assistant vice president of financial products underwriting for The Hartford. “Lawsuits can arise from many sources, including limited partners, portfolio companies and their shareholders, and even a firm’s own employees.”

According to Davé, Private Equity Choice was developed in direct response to feedback from members of this highly specialized market as part of The Hartford’s growing portfolio of tailored products for businesses in the financial services sector. The policy combines the basic types of liability protection that private equity firms need, including fund management liability coverage, with updated market-specific policy wording and optional features, like fiduciary liability coverage, to help these firms insure against a variety of risks. The modular approach allows a firm to select coverage options that best suit its needs.

“The Hartford Private Equity Choice incorporates many key provisions in a single, easy-to-navigate policy, so clients no longer need to wade through various endorsements,” said Davé. “This is particularly important for fund managers who need a policy that addresses several different types of liability exposure.”

Key features of The Hartford Private Equity Choice Policy include:

• A one-stop approach that allows equity fund managers to go to a single source for their management liability, employment practices liability and fiduciary liability coverage.
• Allocation provisions that delineate how the advancement and allocation of defense costs are handled separately from the allocation of damages.
• A multi-faceted definition of professional services.
• A provision that specifies whose knowledge is relevant to determine when the insured has a notice of claim.

To learn more about The Hartford Private Equity Choice Policy, visit www.hfpinsurance.com. Agents and brokers should contact their local Hartford representative.

About The Hartford

Celebrating nearly 200 years, The Hartford (NYSE: HIG) is an insurance-based financial services company that serves households, businesses and employees by helping to protect their assets and income from risks, and by managing wealth and retirement needs. A Fortune 500 company, The Hartford is recognized widely for its service expertise and as one of the world’s most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.

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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2008 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

The description herein is a summary only. Coverage is provided by the member companies of The Hartford and may not be available in all states. Hartford Financial Products (HFP) is an underwriting unit of the Hartford. For a complete description of coverage terms and conditions, refer to the insurance policy. In the event of a loss, the terms and conditions of the policy issued will determine the coverage provided.