The Hartford Launches New Professional Liability Endorsement For Small Businesses
June 16 2015 - 9:15AM
Business Wire
Agents and small business owners benefit from the convenience of
one policy and one bill
The Hartford has launched a new professional liability insurance
offering to help protect small businesses in the event they are
sued by a customer claiming a negligent act, or error or omission
in the professional services they provide.
This new endorsement to The Hartford’s Business Owner’s Policy
expands the number of industries The Hartford can protect with a
professional liability endorsement to more than 30. The
industry-focused coverage can be customized to meet the unique
needs of small businesses such as accountants, graphic designers
and consultants.1 By offering professional liability insurance as
an endorsement, agents and small business owners will have the
convenience of working with one policy and one bill.
“An alleged mistake can result in a lawsuit that can be very
costly for a small business and damaging to their reputation,” said
Lynn LaGram, assistant vice president of Small Commercial product
at The Hartford. “We are pleased to offer this industry-leading
coverage to small business owners, especially accountants who in
the past would typically need to purchase a separate policy to
obtain the coverage they need.”
Key features for the endorsement include:
- A broad range of deductible and
coverage limit options;2
- Extended reporting period, which covers
a small business owner if a claim is made after an insurance policy
ends;
- Full prior acts coverage, which
protects a small business owner against unknown errors or omissions
that took place before the policy began;3 and
- Convenience of one policy and one
bill.
“We heard from small business owners that professional liability
insurance is important and we wanted to make it easy for them to
obtain the coverage they need,” LaGram said. “Adding the new
professional liability endorsement is a convenient, cost-effective
way for small business owners to protect themselves from the
unexpected and it is another example of The Hartford’s commitment
to helping small businesses succeed.”
For more information about The Hartford’s professional liability
endorsement, visit
http://www.thehartford.com/professional-liability-insurance
About The Hartford
With more than 200 years of expertise, The Hartford (NYSE: HIG)
is a leader in property and casualty insurance, group benefits and
mutual funds. The company is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at www.thehartford.com. Join us on Facebook at
www.facebook.com/TheHartford. Follow us on Twitter at
www.twitter.com/TheHartford.
HIG-M
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forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
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1 The endorsement is available to 18 new classes including
accounting & auditing services firms, court reporters, notary
publics, advertising agencies, embroidery operations, public
speakers, answering service companies, graphic artists &
designers, stenographic & secretarial service companies,
consultants – business or management, interior decorators, tax
preparers & bookkeepers, consultants – wedding, interpreters or
translators, telemarketing firms, copying & duplicating service
businesses, market research firms, and travel agencies.2 Available
options vary by type of business and state3 Prior acts coverage for
accountants, tax preparers and business consultants must be
requested and approved. Various options for prior acts coverage for
these classes are available.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150616006038/en/
Media Contact:The HartfordMichelle Symington,
860-547-5385michelle.symington@thehartford.com
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