WORCESTER, Mass., July 5 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, announced today that it has introduced a Business Owner's Policy
(BOP) class comparison look-up tool. The tool is designed to help The
Hanover's agent partners quickly and efficiently categorize a small business
owner's industry classification and obtain a quote for the company's
Avenues(TM) BOP faster than ever.
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"The new BOP class comparison look-up tool will simplify the quoting
process for our agent partners, saving them precious time and helping them
achieve even greater productivity," said Marita Zuraitis, president of The
Hanover's property and casualty companies. "This tool is yet another example
of our commitment to continuous improvement and to deliver on our promise to
provide world class products and services, while doing whatever it takes to
make it easy for agents to successfully conduct business with us."
The process of classifying a small business for a new policy can be
time-consuming because insurance companies often use different classifications
names for small businesses. The Hanover's BOP class comparison look-up tool
simplifies this process, allowing agents the flexibility to search for an
accurate small business classification using keywords, Standard Industrial
Classification (SIC) codes or North American Industry Classification System
(NAIC) codes.
When obtaining a quote for The Hanover's Avenues BOP agents can now
determine how to classify a small commercial client on the spot.
"The new BOP class comparison tool enables our agency to easily determine
whether a risk can be written by The Hanover and if so, whether it would be
eligible for a BOP or a package, eliminating a lot of back and forth between
agents and underwriters," said Betty Chapin, agency manager for Fred Rhodes
and Co. of Houston, Texas. "By constantly adding features like the BOP class
comparison tool, The Hanover's agent website, The Agency Place, continues to
be a good resource for our agency."
The BOP class comparison look-up tool was launched to complement
The Hanover's fully automated, user-friendly, small commercial platform, which
rivals the best in the business and helps agents easily quote, issue, and
endorse BOP, commercial auto, umbrella, and workers' compensation policies
online. To further meet the needs of our independent agent partners, The
Hanover also provides dedicated Small Commercial Sales Managers, who know the
local markets and can write and bind small commercial business up to $25,000.
The class comparison look-up tool is available to agent partners 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.
About Fred Rhodes & Co.
Fred Rhodes & Co. is a Houston-based independent insurance agency. The
company brings over 60 years experience to the specialty of providing the best
in commercial policies. Many clients have been customers of the company for
three generations. This extraordinary loyalty is a result of a service
philosophy that puts the customer's needs first. The experienced staff at Fred
Rhodes has constantly provided creative and cost effective solutions, custom
designed to each client's unique insurance needs.
CONTACTS:
Investor Relations Media Relations
Sujata Mutalik Amy Lynn Banek
smutalik@hanover.comabanek@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group, Inc.