WORCESTER, Mass., May 4, 2015 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the needs of construction businesses nationwide.
"With an improving economy comes renewed commercial and residential building activity, creating tremendous opportunity for our agents and a great solution for construction firms," said Paul J. Butler, president of marine insurance at The Hanover. "Hanover Builders Risk is designed to help our independent agents serve the unique needs of construction businesses with a combination of specialized underwriting expertise, customizable options, and responsive support," Butler added.
Hanover Builders Risk now offers one of the broadest coverage forms in the industry. The forms can be used for a variety of construction needs, including single properties, blanket policies, new construction and renovations, giving agents the flexibility to tailor best-in-class insurance coverage to meet their clients' individual needs and budgets. The company also has a dedicated marine claims staff that provides construction expertise with high-touch service and offers risk management and loss control services that are directly relevant to construction businesses.
Butler added, "This enhanced product is the result of our company working closely with construction businesses and agents to develop a single coverage form that makes the complexities of a builder's insurance risks easy to understand and customize."
Hanover Builders Risk is one of many offerings from The Hanover's broad portfolio of unique products across inland and ocean marine insurance. The company's products serve a wide variety of industries including construction, transportation/logistics, energy, and marina industries. As a top 10 marine carrier, The Hanover's new robust builders risk capabilities further advance the company's position as a leader in marine insurance.
To find out more about The Hanover's marine offering, please visit www.hanover.com/marine or contact your local Hanover agent.
ABOUT THE HANOVER
The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to individuals, families, and businesses. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, the company offers specialized coverages for small and mid-sized businesses, as well as insurance protection for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. For more information, please visit hanover.com.
CONTACT:
Emily Trevallion
Media Relations
etrevallion@hanover.com
508-855-3263
All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates ("The Hanover"). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about The Hanover visit our website at www.hanover.com.
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SOURCE The Hanover Insurance Group, Inc.