The Hanover Insurance Group, a provider of property and casualty insurance, has expanded its professional liability capabilities and product line, adding professional liability for architects and engineers as well as miscellaneous professional liability coverage to the company's professional portfolio of products.
The Hanover has acquired Benchmark Professional Insurance Services, a provider of insurance solutions to the design professionals industry, to offer quality program for architects and engineers.
According to Hanover, the new architects and engineers program will offer value-added services, a policy form with coverages of limit options (from $100,000 up to $10m) and deductible options, including a $0 deductible option for small firms.
The company said that the new miscellaneous professional liability program offers small and mid-sized businesses a flexible solution. The agent partners can offer protection to eligible businesses, including duty to defend/pay on behalf of, including claim expense limit available outside of policy limit.
In addition, it also covers up to $10,000,000 limits, $25,000 defense coverage for disciplinary proceedings, prior acts coverage and internet liability coverage, minimum premium $1,000 and deductibles not retentions.
Frederick Eppinger, CEO of Hanover Insurance, said: The expansion of our professional liability capabilities is just one example of our firm commitment to investing in the people, products and services needed to be the best partner for growing independent agents.
By strategically adding distinctive capabilities, we are offering our partner agents new ways to strengthen their competitive position and grow their businesses over the long term.