WORCESTER, Mass., July 23 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of property and casualty insurance, announced today it has introduced a specialized small commercial program for technology businesses. The new offering provides tailored insurance solutions for the growing number of small technology businesses and delivers on The Hanover's commitment to offer its agent partners the broadest and most relevant product mix available.
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With an appetite for more than 30 new classes of business within the information technology and electronics manufacturers sectors, the company also offers a comprehensive portfolio of coverages including The Hanover's industry leading Avenues® BOP (Business Owner's Policy), technology professional liability, workers' compensation, commercial automobile, umbrella, and marine. Targeted classes include programmers, packaged software, systems integrators, computer consultants, data processing, hosting and related services, web designers and selected electronics manufacturers.
The company has assembled an experienced team of technology experts at every level, including underwriters, loss control and claims specialists to support the distinctive new offering, which can be quoted through The Hanover's easy-to-use point-of-sale system.
"Our new technology offering responds to a growing demand, helping our agent partners to capitalize on emerging market opportunities," said Toby Levy, assistant vice president, technology, The Hanover. "This offering is a 'game-changer' and will help our agent partners to win more business in this lucrative market."
Distinctive Coverages
Specifically, the customizable program offers a comprehensive suite of core and specialty technology coverages for a wide-range of risks that follow the life-cycle of a client. They include:
- Technology professional liability that offers coverage for errors and omissions as well as breach of warranties and representations
- Two new BOP broadening endorsements that add or extend property coverage in more than 30 different areas
- Two new general liability endorsements that restore coverage for bodily injury and property damage claims arising from technology products or services
- Enhanced Website and Internet coverage that helps protect business owners who engage in website activities from personal injury or advertising injury claims
- Worldwide coverage that extends the general liability territory to protect against suits throughout the world
Several other coverages complete the total solution for technology businesses, including those for employment practices liability, commercial crime, and directors and officers.
"With this offering we are creating even more opportunities for our agent partners to meet emerging customer needs, while improving their own agency economics," said Marita Zuraitis, president of The Hanover's property and casualty companies. "Our new technology offering is one more example of our intense focus on innovation and the unprecedented investments that we are making to solidify our position as the best alternative for winning agents."
The Hanover also offers a broad range of commercial lines solutions for small and mid-sized businesses well beyond the new technology offering, giving the company's agent partners the advantage they need to continue to grow, in any market.
And, there is more to come. Later this year, The Hanover plans to extend its technology offering to include middle market businesses, enabling the company to offer a complete life-cycle for technology companies.
Coverage may vary by state. Interested agents should contact one of The Hanover's local branch offices or visit the Agent section of the company's web site at www.hanover.com.
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, Michigan, 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 30 property and casualty insurers in the United States.
CONTACT: |
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Investor Relations | Media Relations | |
Oksana Lukasheva | Amy Banek | |
olukasheva@hanover.com | abanek@hanover.com | |
(508) 855- 2063 | (508) 855-4486 | |
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SOURCE The Hanover Insurance Group, Inc.
Contact: Investor Relations: Oksana Lukasheva, +1-508-855-2063, olukasheva@hanover.com, Media Relations: Amy Banek, +1-508-855-4486, abanek@hanover.com, both of The Hanover Insurance Group, Inc.