Des Moines, Iowa-based Hawkeye-Security Insurance, a member of Liberty Mutual Group, recently announced the introduction of its new commercial lines product, Custom Protector.
Custom Protector is a collection of property and liability coverages that can be customized for more than 500 business classes. In addition to expanded eligibility, Custom Protector offers optional market segment endorsements for 12 specific industries, including retail, manufacturing, restaurants, and hotel/motel. Split-rated property and liability coverages allows for price adjustments to match a customer’s specific exposure. Custom Protector is available to small to mid-sized businesses with receipts up to $15 million per location.
“Custom Protector fills the gap when a traditional BOP is too restrictive and a package is too generic,” said Dan Schmidt, vice president, Commercial Lines Underwriting, Hawkeye-Security Insurance.
With the introduction of Custom Protector, Hawkeye-Security Insurance said it has completed its portfolio of commercial lines products designed to meet the needs of small to mid-sized businesses. An additional product, Hawkeye’s Commercial Protector provides broad property and liability coverage in a single policy for small business accounts with receipts up to $8.5 million per location. Hawkeye-Security’s Comprehensive Business Policy (CBP) is designed for more complex, middle-market accounts.
Source: Hawkeye-Security Insurance.
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