In response to the rise in error and omission claims prompting its clients to seek ever more protection against legal claims, The Hanover Insurance Company recently announced a new line of professional liability products designed to meet the specialized needs of over 30 professional services businesses. This new line gives Hanover’s agents the distinct advantage of being able to customize the products thereby providing professionals with a specialized liability solution unique to their industry.
Highlights from the Hanover Professional Advantage for Personal, Business & Professional Services for all 30 classes include liability coverage for errors and omissions arising out of wrongful acts, coverage on a claims-made basis with premier defense costs, internet liability coverage and limits up to $10million.
“When it comes to professional liability, one size does not fit all and there is great value in creating specialized coverages,” says Gerald Merritt, president of The Hanover’s Professional Portfolio. “The launch of our customizable professional liability solutions further demonstrates our commitment to provide our agent partners with one of the broadest and most relevant product sets available.”
For example, The Hanover’s new suit of coverage for property managers includes:
- wrongful eviction coverage;
- Tenant discrimination coverage;
- Contingent Bodily Injury and Property Damage;
- Failure to place insurance carve-back;
- Fairhousing; and
- Coverage for up to 100% ownership interest in managed property.
Agents interested in learning more about these new professional liability products ay contact that Agent section of Hanover’s website.