The Hanover Insurance Group Offers All-In-One Solution For Wholesale Companies

- Helps Agent Partners Create Distinctiveness in the Marketplace -

WORCESTER, Mass., March 23 /PRNewswire-FirstCall/ — The Hanover Insurance Group, Inc. (NYSE: THG), a leading super regional property and casualty company, today announced the availability of Wholesale Advantage, an insurance program that offers cost-effective and comprehensive specialty coverages to meet the unique needs of wholesale distributors and manufacturers.

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“Wholesale Advantage responds to the growing interest in specialized, package coverages among our agent partners,” said David J. Firstenberg, commercial lines president at The Hanover. “This value-focused package combines enhanced coverage with increased limits, strong claims services, and valuable loss control resources offering our agents distinctive capabilities to help them meet the needs of their clients and stand out among their competitors.”

The Hanover’s Wholesale Advantage program meets the needs of a broad range of companies within the industry, focusing on distributors of motor vehicle parts; office and commercial equipment; electrical and electronic goods; hardware; plumbing and HVAC; and fabrics and apparel. The program combines important standard commercial coverages, such as property, general liability, auto, workers’ compensation and marine, with several new coverages of special interest to wholesalers.

For example, the Wholesale Property Broadening Endorsement, includes expanded coverages and increasing limits for business interruption, consequential loss to stock, contract penalty, dependent properties, extended warranty, newly acquired personal property, newly acquired real property, unintentional property reporting errors, and worldwide dependent properties.

Additionally, a full suite of Marine protection is available from The Hanover for wholesalers that need coverage for risks, such as transportation and Ocean Marine.

Firstenberg added, “In the past decade, the economy has become truly global and U.S. wholesalers are increasingly dependent on foreign suppliers. Wholesalers have recognized the importance of having an insurance policy that protects them from incidents occurring in places far from home.”

The Wholesale Advantage program is delivered to Hanover agents through local underwriters with a deep understanding of the wholesale industry. The program is complemented by dedicated loss control, and claims professionals who also are available locally to provide industry-specific guidance for independent agents and their wholesale clients.

Wholesale Advantage is the latest introduction in a growing list of industry-specific programs being offered by The Hanover. It was developed to help The Hanover’s independent agents capture a larger portion of the lucrative wholesale market.

For more information, agents can contact one of The Hanover’s local branch offices. Interested businesses can locate one of The Hanover’s independent agent partners by visiting www.hanover.com and clicking on “Find an Agent.”

Wholesale Advantage is offered through The Hanover’s member insuring companies. This material is provided for informational purposes only. For detailed coverage information, please refer to The Hanover’s policy language.

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 40 property and casualty insurers in the United States. For more information, please visit www.hanover.com.

    CONTACTS:
    Investor Relations                        Media Relations
    Robert Myron                              Amy Lynn Banek
    rmyron@hanover.com                        abanek@hanover.com
    (508) 855-3457                            (508) 855-4486

SOURCE The Hanover Insurance Group, Inc.