The Hartford is updating its asset manager liability offering with a new version of its Asset Management Choice product, filed in Idaho through Twin City Fire Insurance Company.

The product targets a broad range of asset management firms, including registered investment advisers, private and registered funds, and related service providers. It excludes venture capital firms, buyout firms, real estate private fund sponsors, and publicly traded asset managers, keeping the focus on traditional advisory and fund structures.

Several coverages that were previously optional or endorsement-based are now embedded directly into the base form. For example, network security coverage is now included at no additional charge, and certain reinstatement features have been standardized across policies.

Pricing continues to be based on assets under management, limits, retention levels, and a range of qualitative factors such as investment strategy, client mix, operational complexity, and prior loss experience.

Notably, The Hartford introduces a credit for smaller, less complex investment advisers within employment practices liability, signaling an attempt to better segment risk at the lower end of the market.

The updated product is scheduled to take effect on October 1, 2026, for both new and renewal business.