-- Customizable Miscellaneous Professional Liability Solution Offers Agent Partners a Competitive Advantage --
WORCESTER, Mass., May 25, 2011 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of property and casualty insurance products nationwide, has introduced a new suite of professional liability products designed to meet the specialized needs of over 30 professional services businesses. Through this innovative solution, The Hanover offers its agent partners a distinct competitive advantage, enabling them to provide professionals with a specialized liability solution that is unique to the industry.
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"When it comes to professional liability, one size does not fit all and there is great value in creating specialized coverages," said Gerald Merritt, president of Hanover Professional Portfolio. "The launch of our customizable professional liability solutions further demonstrates our commitment to provide our agent partners with one of the broadest and most relevant product sets available."
Tailored Coverage to Handle Any "Suit"
Errors and omissions claims are increasingly prompting clients to seek protection against legal actions. With this in mind, The Hanover's errors and omissions solutioncovers a broad range of risks. At the same time, it offers errors and omissions coverages customized for 30 classes of business, personal and service professionals, such as management consultants, marketing consultants, property managers, real estate agents and brokers, advertising agencies, appraisers, claims adjusters, graphic designers, mortgage brokers, travel agents, tax preparers and many others.
For example, The Hanover offers a broad and distinctive suite of coverage for property managers. These coverages are essential to protecting this class of businesses' specialized risks, and are not traditionally available through miscellaneous professional liability policies. The Hanover's property management coverage includes:
- Wrongful eviction coverage;
- Tenant discrimination coverage;
- Contingent Bodily Injury and Property Damage;
- Failure to place insurance carve-back;
- Fairhousing; and
- Coverage for up to 100% ownership interest in managed property
Highlights of HanoverProfessional Advantage for Personal, Business & Professional Services for all 30 classes include:
- Liability coverage for errors and omissions arising out of wrongful acts
- Coverage on a claims-made basis with premier defense costs
- Internet liability coverage
- Prior acts coverage
- Limits up to $10 million
- World class service with fast response times
- Simplified and rapid claims resolutions handled by dedicated claims experts
Additionally, to help The Hanover's partner agents build more solid customer relationships and retain accounts, The Hanover delivers a total solution for professional services businesses that reaches beyond professional liability. This complete line-up of property and casualty insurance products offers customers the convenience of one-stop shopping with coverage for property, general liability, workers compensation, surety, umbrella and auto, among others.
Agents interested in more detail 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 businesses, individuals, and families through a select group of independent agents. The company is ranked among the top 25 property and casualty insurers in the United States and has been meeting its obligations to its agent partners and their customers for nearly 160 years. The Hanover maintains excellent ratings from A.M. Best, Standard & Poor's and Moody's. For more information, please visit www.hanover.com.
SOURCE The Hanover Insurance Group, Inc.