The Hanover Adds Specialized Classes to Healthcare Portfolio

November 16, 2010

The Hanover Insurance Group, Inc. has introduced specialized capabilities for three areas of the healthcare industry: durable medical equipment, diagnostic services and homecare services.

The new capabilities will protect businesses with up to $15 million in annual revenues, representing nearly 90 percent of healthcare risks within Hanover’s agent partners’ local markets.

Hanover Medical Equipment Advantage, Hanover Diagnostic Services Advantage and Hanover Homecare Advantage each were developed to provide targeted businesses with the customized coverages they need to protect against a multitude of exposures. Each provides a specialized solution for their respective markets, including coverage for professional liability, general liability, commercial property, commercial auto, umbrella, and surety bonds.

Specifically, Hanover Medical Equipment Advantage provides coverages for businesses that distribute, sell, rent, maintain, repair, install and test durable and disposable medical equipment. These include:

  • Durable medical equipment
  • Orthotic and prosthetic products
  • Respiratory therapy products
  • Life support equipment
  • Retail and closed pharmacies
  • Medical gas equipment and supplies
  • Home infusion products
  • Surgical/medical lasers
  • Wheelchair lift installation

Diagnostic Services Advantage covers the unique risks of diagnostic services including:

  • Imaging centers (MRI, CT and PET scanning; x-ray and fluoroscopy and ultrasound)
  • Routine and specialty diagnostic testing centers
  • Sleep study centers
  • Kidney stone treatment centers
  • Dialysis treatment centers

Homecare Advantage meets the needs of home healthcare agencies, such as:

  • Agencies that employ home healthcare aids to provide sitter and companion care services, including limited medical or skilled nursing treatment and limited patient transportation
  • Agencies that employ home health aids that are licensed and registered nurses or other healthcare professionals
  • Hospice agencies

Source: The Hanover

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