WORCESTER, Mass., Oct. 14, 2014 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of property and casualty insurance countrywide through its member companies, today announced that it has expanded its healthcare business appetite into more medical facilities and is broadening its coverage forms, which is creating opportunities for its distribution partners to grow in the healthcare market.
"The healthcare industry is constantly changing and evolving, making it important for a healthcare professional to work with a knowledgeable, licensed independent agent to help guide their insurance buying decisions," said Matthew S. Mitchell, president of healthcare at The Hanover. "As a leading carrier in the industry, we understand that the best agents want to work with a carrier that offers robust, specialized products and services to meet the growing insurance needs of their customers."
The Hanover has introduced several new classes of healthcare medical facilities that have been added to its already broad and distinctive portfolio. These new classes will allow The Hanover's agents to grow their healthcare business, and feature medical facilities such as:
- Ambulatory Surgery Centers
- Behavioral Health
- Clinics
- Community Health Centers
- Dialysis Facilities
- Eye Banks
- Health Departments
- Hospice Homes
- Hyperbaric
- Lithotripsy
- Medical Diagnostic Laboratories
- Medical Imaging
- Oncology
- Optical Goods and Services
- Rehabilitation Facilities
- Sleep Study Facilities
The company, through its licensed member companies, has also expanded its specialized coverages to include patient property and administrative defense. The Hanover's healthcare agents now have the ability to add coverages for physicians and other advanced professionals to their coverage offerings.
In addition, the company provides appointed agents with a broad professional liability form for their healthcare professional clients which includes coverage for healthcare services, administrative services, and proctoring, as well as Good Samaritan coverage.
The Hanover has invested in its healthcare team over the last year, including the hiring of experienced underwriters in the healthcare industry, as well as leaders to focus exclusively on the rapidly growing healthcare segment. Eric Paynter recently joined The Hanover as Assistant Vice President of Allied Healthcare and he brings more than 20 years' experience underwriting professional liability including hospitals, allied healthcare facilities, and physicians.
The Hanover's healthcare products are underwritten by AIX Specialty Insurance Company. For more information about The Hanover and its healthcare capabilities, please visit hanover.com and speak to an appointed agent of The Hanover. Agents can contact their local regional vice president for more information.
ABOUT THE HANOVER
The Hanover Insurance Group, Inc., based in Worcester, Mass. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to businesses, individuals, and families. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, the company offers specialized coverages for small and mid-sized businesses as well as insurance protection for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. For more information, please visit hanover.com.
Some products may not be available in all jurisdictions or may be available on a surplus lines basis. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. The information in this news release is a summary only and coverage is subject to actual policy language.
CONTACT:
Emily Trevallion
Media Relations
etrevallion@hanover.com
(508) 855-3263
Photo - http://photos.prnewswire.com/prnh/20130605/NY26925LOGO
SOURCE The Hanover Insurance Group, Inc.