NEW YORK, Feb. 13, 2013 (GLOBE NEWSWIRE) -- Hiscox, the international specialist insurer, today launched Hiscox Professional Liability Portfolio. The new product offers 'tailor made' policy forms for certain client segments within our Allied Healthcare (AHC), Architects & Engineers (A &E) and Miscellaneous Professional Liability (MPL) products. It also includes common and simplified policy language across the three products and the ability to cross sell new coverages, including General Liability, to clients.
"The service professions are a key market for Hiscox and we will continue to develop products that meet the needs of our brokers and their clients," said Gary Head, Chief Underwriting Officer, Hiscox USA. "Our research suggests that clients are increasingly looking for a 'tailor made'policy to meet their unique needs. Hiscox Professional Liability Portfolio will allow our brokers to provide exactly that."
Hiscox Professional Liability Portfolio offers Consultants, Trustees and many other service professionals affordable and specialized insurance coverage for specific risks stemming from the services they provide. Brokers will now be able to offer 'tailor-made' coverage to their clients.
Hiscox Professional Liability Portfolio offers:
• Targeted, industry specific policy forms
• Wider base coverage
• Cross selling opportunities
• 'Tailor-made' policy to suit a clients' needs
Additionally, the new Portfolio offers industry specific forms to beauty salons/day spas, real estate developers and property managers among others. Industry specific forms benefit clients since the coverage more directly relates to the risks and exposures they face. Brokers using the improved Hiscox forms can offer clients General Liability coverage in combination with customized Professional Liability policies.
For full details of the new policy form please refer to: Hiscox Professional Liability Portfolio.
For further information please contact:
212-279-3115 ext. 141
About Hiscox in the U.S.
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox International includes operations in Bermuda, Guernsey and the USA. Hiscox ASM Ltd, Hiscox Underwriting Ltd and Hiscox Syndicates Ltd are authorized and regulated by the UK Financial Services Authority. The ability of syndicates at Lloyd's to do business in the USA, and its territories, is restricted as they are not US-based insurers.
Hiscox Inc., a Delaware corporation headquartered in New York, d/b/a Hiscox Insurance Agency in CA, is a licensed insurance intermediary for admitted and surplus lines business. Hiscox Inc. underwrites on behalf of, and places business with, Hiscox Insurance Company Inc., other domestic insurers, and syndicates at Lloyd's (www.lloyds.com). Hiscox Insurance Company Inc. (NAIC Number 10200) is a Chicago, IL domiciled insurer, which is admitted or licensed to do business in all 50 states and the District of Columbia.
Inquiries as to insurance or other products or services should be directed to an insurance agent or broker licensed to conduct business in the relevant US state. For further information about an insurer's ability to do business in the USA and US territories please contact a licensed agent or broker for advice.
This communication provides general information on Hiscox's products and services only and is not intended to be, and does not constitute, a solicitation of business by syndicates at Lloyd's from or in respect of the USA or US territories. Coverages are subject to underwriting and may not be available in all states. The information contained herein is not a part of an insurance policy, and may not be used to modify any insurance policy that might be issued. In the event the actual policy forms are inconsistent with any information provided herein, the language of the policy forms shall govern.
CONTACT: Steven Bodakowski 212-279-3115 ext. 141 firstname.lastname@example.orgSource:Hiscox Insurance