Hanover Insurance develops new financial institution coverage
Photo/Grant Welker
Worcester's Hanover Insurance Group headquarters
The Hanover Insurance Group of Worcester has launched a new solution for financial institutions with the goal of serving small to midsize asset managers.
The Hanover Financial Institutions Advantage combined property, casualty, management and professional liability coverages.
"The risks facing financial institutions today are ever-changing and increasingly complex. It's more important than ever that insurance plans are coordinated across specialty and standard lines, helping provide more cohesive protection and deliver a more seamless insurance experience,” said Bryan Salvatore, president of specialty at The Hanover.
The suite includes liability coverage for directors and officers, cyber coverage, lending liability coverage and broadened property coverage.
The coordinated financial institutions coverages are now available in two dozen states and will be available in additional markets in early 2020.
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