The Hanover Insurance Group, a holding company for several property and casualty insurance, has launched a specialty general liability offering.
The company provides insurance solutions through a select group of independent agents and brokers.
According to Hanover, the offering will allow the company’s agents and brokers to provide an admitted general liability and excess coverage solution for hard-to-place risks, including manufacturing, distribution, wholesale and import businesses with higher hazard product liability exposures or clients with loss-sensitive premises liability insurance programmes.
The company’s specialty general liability offering is backed by a team of experts, including dedicated underwriters with decades of experience dealing with tough liability exposures. During the risk qualification process, these underwriters work closely with a team of Hanover risk engineers, all with deep expertise in product liability, to help ensure each insurance program is crafted to address a business’s unique risks.
Hanover said that with this coverage, the company’s dedicated major case unit helps agents and their customers navigate complex and nuanced catastrophic injury claims.
Pamela J. Rushing, president, alternative markets at The Hanover, said, “A dynamic market has created a unique set of challenges for agents and brokers, particularly when it comes to navigating coverage for more specialized accounts.
“Social inflation and increasingly costly verdicts are driving hardening in the casualty market, creating limited capacity for businesses with complex products exposure in the standard market. As a result, agents have expressed a need for a “middle ground” solution in the casualty continuum, and that’s where our specialty general liability solution comes in.”
At the end of last year, Simply Business, a Boston-based digital insurance company, partnered with Appalachian Underwriters (AUI) to offer general liability solutions. Simply Business said it is changing the way small business owners find business insurance by offering customers tailored insurance coverage online.
The partnership will see Simply Business provide general liability insurance through AUI.
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