The Hanover Enhances Accountants Professional Lines Product

June 3, 2020

The Hanover Insurance Group, Inc. has added enhancements to its Hanover Accountants Professional Advantage product and its Hanover Allied Healthcare Advantage offering.

Hanover Accountants Professional Advantage offers standalone coverage for a range of professionals, from small tax preparers to top accounting firms. The new professional liability enhancement endorsement adds nine supplemental coverages, and the definition of “professional services” was broadened to include any advice given or services provided, offering better protection for accountant clients. The product also now further addresses clients’ cyber liability exposures with privacy and security liability coverage included in the base form to cover liability related to the mishandling of clients’ personal information.

Hanover Allied Healthcare Advantage offers a multiline option that includes professional liability, general liability, property, automobile, umbrella and workers’ compensation coverages, and other specialized coverages for durable medical equipment businesses, home healthcare organizations, orthotics and prosthetics providers/suppliers and pharmacies. A few of the key enhancements include:

  • Public relations expense:Provides reimbursement of public relations expenses from an emergency incident
  • Theft of client property:Covers loss of or damage to a client’s money, securities or other properties

These enhancements add to The Hanover’s professional liability and healthcare products for its agent partners, which also includes its Hanover Eldercare Advantage offering, Hanover Lawyers Professional Advantage product and Hanover Miscellaneous Professionals Advantage product, which was enhanced in 2019.

The company offers dedicated risk management consultants and risk management websites for both Hanover Accountants Professional Liability Advantage and Allied Healthcare Advantage clients. Accountant clients can access a risk management hotline, sample engagement letters and contracts. Allied Healthcare Advantage clients have access to discounts on third-party services, including background checks, active shooter training and business continuity planning assistance.

The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, providing insurance options through a select group of independent agents and brokers.

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