The Hanover Insurance Group has launched its Avenues Business Owners Policy, available through independent agents, in Minnesota, US.
Avenues Business Owners Policy (BOP) helps The Hanover’s independent agents meet the needs of a growing number of small commercial clients by offering more than 460 defined BOP classes, covering the equivalent of more than 1,000 industry classes.
Optional endorsements available with the BOP include coverage for miscellaneous professional liability and employment practices liability. Premiums vary depending upon the class of business, limit of insurance and company’s total revenue.
The Hanover has recently hired Jennifer Streiff as small commercial sales manager. In this role, she will be responsible for working directly with the company’s independent agents to help them win more small commercial businesses.
Joseph Cranny, regional vice president of Hanover, said: This product will enable small businesses in Minnesota to address important risk exposures at an affordable cost and will enable our agents to meet the evolving needs of their local markets.