The Hanover expands casualty offerings

The Hanover announced the launch of a specialty general liability offering. With the new offering, the company’s agents and brokers can provide an admitted general liability and excess coverage solution for hard-to-place risks, including manufacturing, distribution, wholesale and import businesses with higher hazard product liability exposures or clients with loss-sensitive premises liability insurance programs.

The company’s specialty general liability offering is backed by a team of experts, including dedicated underwriters with decades of experience dealing with tough liability exposures. During the risk qualification process, these underwriters work closely with a team of Hanover risk engineers, all with deep expertise in product liability, to help ensure each insurance program is crafted to address a business’s unique risks.

Additionally, deductibles, self-insured retentions or first-dollar program structures are available, and policies can be issued on a stand-alone basis or as part of a total account solution when coupled with other Hanover policies. With this coverage, the company’s dedicated major case unit helps agents and their customers navigate complex and nuanced catastrophic injury claims. Comprised of specialized professionals with expertise in handling these claims, the team offers a deep understanding of complex product liability and multi-party litigation. The team also works with agents to provide the guidance and tools necessary to streamline the claims process.

“A dynamic market has created a unique set of challenges for agents and brokers, particularly when it comes to navigating coverage for more specialized accounts. Social inflation and increasingly costly verdicts are driving hardening in the casualty market, creating limited capacity for businesses with complex products exposure in the standard market. As a result, agents have expressed a need for a “middle ground” solution in the casualty continuum, and that’s where our specialty general liability solution comes in.” – Pamela J. Rushing, president, alternative markets at The Hanover.