WORCESTER, Mass., July 18 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, announced today that it has added 81 new classes to the company's
Avenues(TM) Business Owner's Policy, allowing agents to write more business
across the small commercial market.
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Independent agents choose Avenues BOP for its consistent underwriting and
pricing, flexible coverage, user-friendly technology and self-service tools,
and responsive, local marketing and underwriting support. The enhanced
Avenues BOP offers coverage for more than 360 BOP classes, matching
competitors' 1,000-plus class codes by doing more with fewer, but more
inclusive classes. In addition, The Hanover's broad BOP eligibility
guidelines cover property values up to $15 million per location; annual sales
up to $15 million per location; square footage up to 50,000 per location; and
ordinance or law up to $2 million.
"For more than 150 years, The Hanover has provided valuable coverage for
small commercial businesses," said David Firstenberg, president of The
Hanover's commercial lines business. "Our new BOP classes, combined with our
already broad eligibility guidelines, offer our agent partners more options
and a broader risk appetite for their small commercial clients."
Avenues BOP is part of The Hanover's small commercial platform, which
allows agents to easily quote and, in many instances, issue BOP, commercial
auto, umbrella, and workers' compensation policies, and complete endorsements
online.
To further meet the needs of the company's independent agent partners,
The Hanover offers the local market support agents need, including experienced
and knowledgeable underwriters who are available to assess larger risks and
ensure suitable client coverage, and Small Commercial Sales Managers, who know
the local markets and can write and bind small commercial accounts up to
$25,000.
The enhanced Avenues BOP reinforces The Hanover's commitment to the small
commercial marketplace. The advancement comes on the heels of The Hanover's
introduction of a BOP class comparison look-up tool, designed to help agent
partners quickly and efficiently categorize a small business owner's industry
classification.
Additional information about the company's new BOP classes can be found on
The Hanover's agent resource site, The Agency Place (TAP).
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass.,
is the holding company for a group of insurers that includes The Hanover
Insurance Company, also based in Worcester; Citizens Insurance Company of
America, headquartered in Howell, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 35 of more than 950 property and casualty insurers in the
United States.
CONTACTS:
Investor Relations Media Relations
Sujata Mutalik Amy Lynn Banek
smutalik@hanover.comabanek@hanover.com
+1-508-855-3457 +1-508-855-4486
SOURCE The Hanover Insurance Group, Inc.