- Online Point-of-Sale System Enables Agents to Quote, Issue and Print
Commercial Surety Bonds in Minutes at Their Desktops -
WORCESTER, Mass., Jan. 4 -- The Hanover
Insurance Group, Inc. (NYSE: THG), a leading super regional property and
casualty company, today announced the introduction of BONDirect in
Connecticut, Florida, Georgia, Illinois, Indiana, Maine, Massachusetts and
Michigan. BONDirect is an online point-of-sale system that enables agents
to quote, issue and print a variety of commercial surety bond business
faster, and more profitably than ever.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )
Accessed through The Hanover’s convenient portal, The Agency Place
(TAP), BONDirect allows agents to place coverage in minutes. The BONDirect
system also reduces the amount of paperwork involved in issuing Commercial
Surety Bonds, and provides convenient online account access including
previous transaction history. To further eliminate paperwork for agents,
BONDirect also enables clients to be billed directly for cancelable bonds
purchased through the system. Examples of Bonds available though BONDirect
are Surety, Court and Fiduciary, License and Permit, and Individual Public
Official.
“For agents, BONDirect is an easy way to serve small to mid-sized
commercial clients, while growing the agency’s bond business at the same
time,” said Richard Van Steenburgh, vice president of The Hanover’s bond
division. “BONDirect makes writing Commercial Surety Bond business faster,
easier and more efficient, which enables agents to focus on the things that
matter most, such as clients and new business.”
“BONDirect will definitely help us to write business faster and help us
manage a larger volume of business than a traditional transactional
system,” said Richard Guarini, Director of Financial Coverage/Bonds at The
Treiber Group, a Garden City, NY-agency that has worked with The Hanover
for nearly six years. “As a full-service brokerage dedicated to our
clients, we like the system’s ability to help us to process routine bonds
quickly and efficiently without a lot of back and forth.”
To best handle all of an independent agent’s bonding needs, The
Hanover’s bond products are supported by bond underwriting centers,
strategically located throughout the country, and staffed with specialized
underwriters. In addition, local branch offices also provide bond
underwriters who understand local markets, and state laws governing bonds
in a particular region.
The introduction of BONDirect reinforces The Hanover’s commitment to
offering a total account solution for the small commercial marketplace. The
company’s commercial lines product suite also includes business owners’
policy, commercial auto, umbrella, inland marine and workers’ compensation.
About Treiber Group
Today, echoing the past 106 years, the Treiber way of doing business
has remained steadfast - hard work, a sense of caring and personal service.
As a result, The Treiber Group is ranked in the top 100 of the largest
brokers in the United States and in the top 25 among the privately held
firms with over 150 dedicated employees. Learn more about The Treiber Group
LLC by visiting http://www.etreiber.com
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester,
Mass., is the holding company for a group of insurers that includes The
Hanover Insurance Company, also based in Worcester; Citizens Insurance
Company of America, headquartered in Howell, Mich., and their affiliates.
The Hanover offers a wide range of property and casualty products and
services to individuals, families and businesses through an extensive
network of independent agents, and has been meeting its obligations to its
agent partners and their customers for more than 150 years. Taken as a
group, The Hanover ranks among the top 35 property and casualty insurers in
the United States.
CONTACTS:
Investor Relations Media Relations
Sujata Mutalik Amy Lynn Banek
smutalik@hanover.com abanek@hanover.com
(508) 855-3457 (508) 855-4486
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