WORCESTER, Mass., January 24, 2023 /PRNewswire/ — The Hannover Insurance Group, Inc. (NYSE: THG) today announced the launch of a specialty general liability offering. With the new offering, the company’s agents and brokers can provide a recognized general liability and supplemental coverage solution for hard-to-place risks, including manufacturing, distribution, wholesale and import businesses. with higher product liability risks or customers with loss-sensitive premises. liability insurance programs.
“A buoyant market has created a unique set of challenges for agents and brokers, especially when it comes to navigating coverage for more niche accounts,” said Pamela J. Rushing, President, Alternative Markets at The Hanover. “Social inflation and increasingly expensive verdicts are causing the accident market to harden, creating limited capacity for companies exposed to complex products in the standard market. As a result, agents have expressed the need for a ‘middle-of-the-road’ solution in the accident continuum, and that’s where our specialist general liability solution comes in.”
The company’s specialist general liability offering is backed by a team of experts, including dedicated underwriters with decades of experience handling challenging liability risks. During the risk qualification process, these underwriters work closely with a team of Hannover risk engineers, all with deep expertise in product liability, to ensure that each program Insurance is designed to address the unique risks of a business.
Additionally, deductibles, self-insured retentions, or first-dollar program structures are available, and policies can be issued on a stand-alone basis or as part of a total account solution when paired with d other fonts from Hannover. With this coverage, the company’s Major Cases unit helps agents and their clients manage complex and nuanced catastrophic injury claims. Comprised of specialist professionals with expertise in handling such claims, the team offers an in-depth understanding of complex product liability and multi-party litigation. The team also works with agents to provide the guidance and tools needed to streamline the claims process.
The Hannover Insurance Group, Inc. is the holding company of several property and casualty insurance companies that together constitute one of the largest insurance companies in United States. The company offers exceptional insurance solutions through a select group of independent agents and brokers. Working with its agent partners, The Hanover offers standard and specialty insurance protection for small and medium-sized businesses, as well as homes, automobiles and other personal items. For more information, please visit hanover.com.
All products are underwritten by Hannover 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 company underwriting guidelines and policy issued. 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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