MINNEAPOLIS, June 30 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, today announced that its Avenues(TM) Business Owners Policy, is now
available through independent agents in Minnesota.
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Avenues BOP helps The Hanover's independent agents meet the needs of a
growing number of small commercial clients by offering more than 460 broadly
defined BOP classes, covering the equivalent of more than 1,000 industry
classes. While agents choose Avenues BOP for its consistent underwriting and
pricing, flexible coverage, and user-friendly technology, the product is also
unique for the broad array of endorsements it offers, enabling agents to
customize solutions that protect against a myriad of risks.
"We are always looking for ways we can help our agents grow their
businesses," said Joseph P. Cranny, regional vice president at The Hanover.
"With that in mind, we are excited to offer Avenues BOP to our agents and
their customers in Minnesota."
Optional endorsements available with the BOP include coverage for
miscellaneous professional liability and employment practices liability. By
packaging the coverage as endorsements The Hanover has created a more
affordable product for the vast majority of eligible business, priced between
$150 and $2,000 -- significantly less than standard coverage for such risks,
which typically costs between $2,500 to $10,000. Premiums vary depending upon
the class of business, limit of insurance and company's total revenue
"This product will enable small businesses in Minnesota to address
important risk exposures at an affordable cost and will enable our agents to
meet the evolving needs of their local markets," said Cranny.
To further demonstrate the company's commitment to small commercial
business in Minnesota, The Hanover recently hired Jennifer Streiff as small
commercial sales manager. In this role, she will be responsible for working
directly with the company's independent agents to help them win more small
commercial business. Streiff has many years experience working within the
Minnesota insurance market, having served with carriers including General
Casualty and Travelers, as well as for a local independent insurance agency.
Agents interested in learning more about The Hanover's BOP can contact
Streiff for an overview of the product and demonstration of how easy it is to
quote, issue, and endorse policies online using the company's point of sale
system.
The Hanover is located at 8300 Normandale Lake Blvd., Suite 250,
Minneapolis, MN 55437 or by calling (952)897-3013.
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 agents and
their customers for more than 150 years. Taken as a group, The Hanover ranks
among the top 40 property and casualty insurers in the United States.
CONTACTS:
Investor Relations Media Relations
Sujata MutalikAmy Lynn Baneksmutalik@hanover.comabanek@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group, Inc.
Contact: Investor Relations, Sujata Mutalik, +1-508-855-3457, smutalik@hanover.com, or Media, Amy Lynn Banek, +1-508-855-4486, abanek@hanover.com, both of The Hanover Insurance Group, Inc.