The Hanover Insurance Group Introduces Management Liability Coverage For Nonprofits
08 Setembro 2009 - 11:02AM
PR Newswire (US)
- Great Coverage for the Greater Good - WORCESTER, Mass., Sept. 8
/PRNewswire-FirstCall/ -- With funding on a decline and the need
for resources on the rise, more nonprofit organizations are being
challenged to do more with less, increasing their exposures and
leaving them more vulnerable than ever to devastating lawsuits.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO ) To
help nonprofit organizations protect their resources and their
reputations, The Hanover Insurance Group, Inc. (NYSE:THG), a
leading property and casualty company, today announced the launch
of a new non-profit management liability program, Hanover Nonprofit
Management Liability Advantage. The coverage is part of the
company's Hanover Professional Portfolio, a growing selection of
professional liability and management liability products designed
to help the company's agent partners be more distinctive in their
local markets. The competitively-priced program is flexible and can
be tailored to meet every organization's unique needs. Coverages
include directors, officers and organizations liability; employment
practices liability; fiduciary liability; and numerous specialized
coverage enhancements. "While non-profit organizations are
operating for the greater good, they often face the same exposures
as for-profit companies -- threatening their mission and future,"
said Helen Savaiano, vice president, management liability at The
Hanover. "With that in mind, we are very pleased to add Hanover
Nonprofit Advantage to our growing management liability suite,
which includes, distinctive, industry-specific programs which help
to enhance and secure unique positions in the marketplace for our
agent partners." She continued, "Because this is such a complex
business, we have assembled a highly-experienced team of management
liability experts to support this program, including specialized
underwriters and legal and claims professionals." Hanover Nonprofit
Management Liability Advantage helps nonprofit organizations of all
types and sizes address their risk management needs. Eligible
nonprofits include cultural organizations; charitable foundations;
scientific organizations; social services, educational
institutions; healthcare organizations and professional
associations. This new product combined with the company's other
programs involving nonprofit organizations-such as The Hanover's
Human Services Advantage Program and Religious Institutions
Advantage-demonstrates The Hanover's commitment to providing
comprehensive market solutions. Nonprofits interested in this
coverage should contact a Hanover agent, which can be found at
http://www.hanover.com/, by clicking on "Find an Agent." Agents
interested in more detail about Hanover Nonprofit Management
Liability Advantage or The Hanover should contact one of The
Hanover's local branch offices or visit the Agent section of the
company's web site at http://www.hanover.com/. About The Hanover
The Hanover Insurance Group, Inc. (NYSE:THG), based in Worcester,
Mass., is the holding company for a group of insurers that includes
The Hanover Insurance Company, also based in Worcester; Citizens
Insurance Company of America, headquartered in Howell, Mich., and
their affiliates. The Hanover offers a wide range of property and
casualty products and services to individuals, families and
businesses through an extensive network of independent agents, and
has been meeting its obligations to its agent partners and their
customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 30 property and casualty insurers in the United
States. CONTACTS: Investor Relations Media Relations Oksana
Lukasheva Amy Lynn Banek E-mail: E-mail: 1-508-855-2063
1-508-855-4486
http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO
http://photoarchive.ap.org/ DATASOURCE: The Hanover Insurance
Group, Inc. CONTACT: Investor Relations, Oksana Lukasheva,
+1-508-855-2063, ; or Media Relations, Amy Lynn Banek,
+1-508-855-4486, , both of The Hanover Insurance Group, Inc. Web
Site: http://www.hanover.com/
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