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Affinity Specialty Program Network (ASPN)
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Affinity Specialty Program Network (ASPN)
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Affinity Nonprofits Foundations Directors’ & Officers’ (D&O) Liability Insurance Program

Affinity Nonprofits Foundations Directors' & Officers' (D&O) Liability Insurance Program - Exclusive D&O Liability Program

The Affinity Nonprofits Foundations Directors' & Officers' (D&O) Liability Insurance Program is Affinity Specialty Program Network’s (ASPN) flagship D&O solution built specifically for nonprofit foundations. Designed with nonprofit specialists and underwritten through Hartford Financial Products, this program addresses the governance, fiduciary and regulatory risks nonprofit boards and leadership teams face—at a competitive price point. With minimum premiums starting at just $400, this offering is often materially less expensive than comparable D&O options in the market.

Many foundations act as fiscal sponsors for smaller nonprofits, creating exposure gaps and complex liability questions. This program includes Fiscal Sponsorship coverage to help protect foundations when they act on behalf of other nonprofit entities. It also responds to common nonprofit regulatory exposures by providing defense for alleged violations and limited reimbursement for covered fines and penalties in specified circumstances.

Coverage extends to Employment Practices Liability, Entity Identity (fraud), Personal and Advertising Injury, and other nonprofit-specific needs. Whether your client is a community foundation, a private grantmaking entity, or a charitable organization with board governance exposure, this program is structured to meet those risks with clarity and value.

Ideal Accounts and Appetite

This program is a strong fit for agents placing:
  • Community foundations
  • Private and public charitable foundations
  • 501(c)(3) organizations with formal boards
  • Nonprofits that serve as fiscal sponsors for other organizations
You might have a client that manages grantmaking and sponsors several grassroots groups, or a foundation that awards scholarships and operates with a volunteer board—those account types typically align well with ASPN’s appetite.

Coverage Highlights and Advantages

  • Limits available up to $10,000,000
  • Defense costs outside the limit of liability
  • Employment Practices Liability, including third-party coverage
  • Personal and publishers’ liability (personal and advertising injury)
  • Fiduciary (ERISA) defense costs
  • Duty-to-Defend coverage structure
  • Entity identity (fraud) coverage
  • Expanded definition of loss that can include punitive and multiplied damages where permitted
  • Broad insured definition—includes part-time, seasonal, temporary, leased and loaned employees
  • Spousal/domestic partner extension
  • Coverage for non-employment breach of contract
  • IRS 10% penalty tax on excess benefit transactions covered (where applicable)
  • $25,000 aggregate sublimits for certain IRS and lobbying-related penalties
  • Worldwide territory for covered claims

Underwriting Notes and Minimum Premiums

Underwriting emphasizes governance, board composition and any fiscal sponsorship arrangements. Clean governance practices, clear grant policies, and routine filings make accounts most competitive. The program’s minimum premium typically starts at $400—making it attractive for smaller foundations or accounts moving from higher-cost markets. ASPN evaluates exposures like prior claims, regulatory compliance history, and the nature of sponsored activities when quoting.

Territories and Availability

This program is available in all 50 states and Washington, DC. Coverage is placed through Hartford Financial Products and is admitted where the carrier is admitted; ASPN supports placement in all available admitted territories.

Why Work With ASPN?

Affinity Specialty Program Network focuses on niche nonprofit programs, giving agents targeted underwriting and market access for foundation D&O risk. ASPN’s program is designed to simplify placement for agents—competitive minimums, specialist underwriting, and nonprofit-specific enhancements like Fiscal Sponsorship and penalty defense make it a practical option for many foundation clients. If you need placement help or a quick indication, ASPN’s underwriting team is experienced in moving accounts with clear governance and limited prior exposure.

Other nonprofit insurance products available through ASPN include:
  • Showstoppers® Event Cancellation Insurance
  • Special Event General Liability
  • Volunteer Accident Medical

Recognized By:

All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for nonprofit foundations, including community foundations, grantmaking organizations, and 501(c)(3) entities with a board of directors. It also fits organizations that act as fiscal sponsors for other nonprofits.

Is Fiscal Sponsorship coverage included in the policy?

Yes. Fiscal Sponsorship coverage is included to help protect foundations from liabilities associated with sponsoring or administering funds on behalf of other nonprofit groups.

What is the minimum premium for this program?

The program’s minimum premium typically starts at $400, providing a cost-effective D&O option for smaller foundations.

What states is this program available in?

The program is available in all 50 states and Washington, DC.

What carrier underwrites this program?

This D&O program is underwritten through Hartford Financial Products.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    0
  • Admitted:
    All Available States
  • Carriers:
  • Carrier Ratings:
    -
  • Commission:
    Competitive commissions paid to brokers.
  • Min Premium:
    $400

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CONTACT INFORMATION

LOCATION

1120 20th Street NW, Suite 600
Washington, DC 20036
800-432-7465
CA 0795465
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APPLICATIONS

  • Contact us for the appropriate application.

AGENCY LICENSING

We will quote business with no Producer Agreement; upon placement of business we will require our standard Producer Agreement to be completed.

Producer Agreement

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Affinity Specialty Program Network (ASPN) has other insurance programs like Affinity Nonprofits AAM-Recognized Directors’ & Officers’ (D&O) Liability Insurance Program.