Worcester, Massachusetts., January 24, 2023 /PRNewswire/ — Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of its specialty general liability insurance. The new service puts our agents and brokers at risk that is difficult to place, including clients with manufacturing, distribution, wholesale and import businesses with high-risk product liability exposures or loss-sensitive facilities. We can provide recognized general liability and excess compensation solutions for Liability insurance program.
“The dynamic market has created a unique set of challenges for agents and brokers, especially when it comes to navigating coverage for more specialized accounts. Pamela J. RushingPresident, Alternative Markets at the Hannover“Social inflation and increasingly costly verdicts are further hardening the casualty market, limiting the ability of firms exposed to complex products in the standard market. , expresses the need for a “middle” solution in the casualty continuum.And that’s where our specialized general liability solution comes into play. ”
Our professional general liability insurance offerings are backed by a team of experts, including dedicated underwriters with decades of experience handling demanding liability exposures. During the risk qualification process, these underwriters work closely with the following teams: Hannover Risk engineers with deep product liability expertise help ensure that each insurance program is created to address company-specific risks.
Additionally, deductible, self-insured retention, or first dollar program structures are available and policies can be issued on a standalone basis or combined with other services as part of a total account solution. can. Hannover policy. With this coverage, the company’s dedicated leading case unit helps agents and their clients navigate complex and nuanced catastrophic injury claims. Our team of professionals with the expertise to handle these claims has a deep understanding of complex product liability and multi-party litigation. The team also works with agents to provide the guidance and tools they need to streamline their claims process.
Rollout of the offering began successfully in several states early last year. The company’s nationwide rollout was on a rolling basis and was completed in the fourth quarter. To learn more about The in Hannover For specialized general liability offerings, please visit https://www.hanover.com/agents/agent-solutions/commercial-lines/specialty-general-liability-coverage-hanover.
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together form one of Hanover’s largest insurance operations. usaThe company offers superior insurance solutions through a select group of independent agents and brokers. with agency partners Hannover We offer standard and professional insurance not only for small businesses, but also for homes, cars and other personal items. For more information, please visit hanover.com.
All products are underwritten by Hanover Insurance Company or its subsidiaries or affiliates (“The Hanover Insurance Company”). HannoverCoverage is not available in all jurisdictions and is subject to Company underwriting guidelines and published policies. This material is provided for informational purposes only and does not constitute a warranty. Hannover visit our website www.hanover.com.
Source Hanover Insurance Group Inc.