WORCESTER, Mass., Jan. 27 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of property and casualty insurance, today unveiled a powerful suite of management liability solutions that includes a newly launched capability to protect private companies against a growing number of financial exposures.
"With the launch of our private company management liability solution, we now have a market leading management liability product that we can provide to our independent agents to further grow their businesses and serve the needs of their customers," said Andrew Robinson, executive leadership team member responsible for the Hanover Professional Portfolio. "Our product coverages are second to none, but more importantly our management liability solution is backed by a deeply experienced team drawn from the best in the industry, as well as the specialized risk management and responsive service our partners need to compete and win."
Adding a Private Company Program
To provide private companies with protection against a multitude of exposures and costly litigation, The Hanover has launched Hanover Private Company Advantage. This new coverage is part of the company's Hanover Professional Portfolio, a growing selection of professional and management liability products designed to give The Hanover's agent partners another competitive advantage in their local markets.
Hanover Private Company Advantage provides comprehensive coverages, each with a vast array of options and limits to help independent agents customize a program that meets the needs of small and mid-sized clients. The coverages include protection for:
- Directors, officers and corporate liability
- Employment practices liability
- Fiduciary liability
- Commercial crime
- Kidnapping, ransom and extortion
Coverage enhancements include excess limit for executives and security derivative demand investigative costs. Also available, third-party liability; wage and hour sub-limit; illegal alien investigation sub-limit; privacy coverage and waiver of deductible if no liability ruling is obtained, in addition to a broad set of coverages to meet the needs of almost any privately-held company.
Offering a Broad Solution
To ensure that its agent partners can cover the risks of a wide range of businesses, The Hanover's full suite of management liability solutions are among the best in their class and also include:
- Hanover Non-profit Advantage, which helps non-profit organizations protect their resources and their reputations
- Hanover Employment Practices Liability Advantage, which provides coverage for employment practices "wrongful acts" and
- Fidelity and Crime Protection, which protects public and private organizations against a broad range of risks
"The significant enhancements we have made help us to deliver an unmatched total solution for our agent partners and their clients," Robinson said. "And, there will be more to come. Every day, we are looking for new ways to strengthen our value proposition with new services and technologies, such as the recently launched, advanced point-of-sale system for our Employment Practices Liability Advantage."
Assembling One of The Best Teams in the Industry
Led by Helen Savaiano, president of Hanover Professional's management liability business, the company has assembled one of the strongest teams in the business to help build out its management liability practice. With several hubs throughout the country, the management liability practice offers agent partners important regional touches, such as personally assigned underwriters and quick turnaround on submissions.
Savaiano, who is based out of the company's management liability headquarters in Chicago, recently announced key appointments to her team, including Steve Scheier, director of underwriting, who leads a management liability team in Philadelphia. Scheier has more than 20 years of industry experience, most recently served as an assistant vice president and underwriting officer at Zurich North America. In addition, Eric Schuler has been appointed director of underwriting. He is responsible for leading the company's management liability team in San Francisco. Prior to joining The Hanover, Schuler served as regional vice president, management solutions group at Zurich North America.
"Our management liability practice was developed from the start with our agent partners in mind," said Savaiano. "Our success begins with great talent. I am confident that Eric and Steve and our entire talented team of management liability professionals will ensure that placing business with The Hanover means ease of doing business, the highest quality products and responsive service."
In addition to Hanover Professional Portfolio, The Hanover offers a broad range of commercial lines solutions for small and mid-sized businesses, giving the company's agent partners the advantage they need to keep pace with an evolving market and making them more competitive.
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 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.
SOURCE The Hanover Insurance Group, Inc.