The Hanover Announces Enhancements to Its Specialized Solutions for Lawyers and Healthcare Facilities
The Hanover Insurance Group (NYSE: THG) announced enhancements to its Hanover Lawyers Advantage and Hanover Healthcare Facilities Advantage product suites on July 8, 2021. The upgrades focus on specialized professional liability solutions tailored for law firms and healthcare facilities. Key features include customizable client limits and new coverage options, such as privacy liability and employee theft protections. These improvements aim to address emerging risks in the professional liability market, providing greater flexibility and security to clients in these industries.
- Enhancements to Hanover Lawyers Advantage increase policy flexibility, allowing tailored coverage for clients.
- Introduction of new coverages like privacy and security liability enhances protection for law firms.
- Hanover Healthcare Facilities Advantage offers a comprehensive multiline solution for various healthcare facilities.
- None.
WORCESTER, Mass., July 8, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced investments in its Hanover Lawyers Advantage and Hanover Healthcare Facilities Advantage product suites, further enhancing the company's broad portfolio of highly specialized capabilities, including its professional liability solutions.
"The enhancements made to our lawyers and healthcare facilities offerings allow the industry-specific policies to be easily tailored to the unique needs of each client," said Gregory W. Leffard, president, professional and executive lines at The Hanover. "The professional liability market is facing a number of emerging risks. With these products, our agents can help best protect their clients with flexible, individualized solutions."
Hanover Lawyers Advantage offers flexible, stand-alone professional liability coverage for a wide range of law firms. In addition to a new base policy form, a new professional liability enhancement endorsement adds nine supplemental coverages, including canceled conferences, emergency web hosting and pet boarding. Additionally, a new specific client limit endorsement offers the ability to increase the policy limit on an individual client basis, providing a convenient method to meet insurance limit requirements in contracts. Key coverages in the base form include:
- Privacy and security liability coverage: Covers the firm for liability related to the mishandling of a client's personal information
- Remote notarization services and electronic notarization services: Now expressly included, offering protection for lawyers and firms in today's digital business environment
- Deductible reduction:
50% deductible reduction for mediation claim settlement up to$10,000
Hanover Healthcare Facilities Advantage offers a multiline solution that includes professional liability, general liability, property, automobile, umbrella and workers' compensation coverages, and other specialized coverages for a wide range of facilities, ranging from imaging centers and urgent care clinics, to community health centers and physical therapy facilities. A few of the key coverages include:
- Employee theft of client property: Provides coverage for loss of, or damage to, a client's money, securities, or other property caused by employee theft
- Public relations expense: Provides reimbursement of public relations expenses related to an emergency incident
- Abuse and molestation: Provides coverage for legal expenses incurred by facilities for accusations of physical abuse, sexual misconduct or molestation brought against an employee
Hanover Lawyers Advantage and Healthcare Facilities Advantage clients have access to dedicated risk management consultants and websites through The Hanover. Lawyers Advantage clients can benefit from a complimentary risk management hotline and model engagement agreements. Healthcare Facilities Advantage clients have access to dedicated risk management consultants, online education and training programs along with discounts on valuable third-party tools and services, such as background checks and employment screenings.
The Hanover offers a strong suite of professional liability and healthcare solutions, including Hanover Eldercare Advantage and Hanover Miscellaneous Professionals Advantage, as well as Hanover Accountants Professional Advantage and Hanover Allied Healthcare Advantage — both which were significantly enhanced in 2020.
About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.
CONTACTS: | |
Emily P. Trevallion | Abby M. Clark |
508-855-3263 | 508-855-3549 |
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.
FAQ
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