Hiscox expands Hiscox PRO™ suite of solutions for professional services firms in the US
Enhanced offerings include Admitted policies, new coverage for Home Healthcare and stand-alone General Liability
NEW YORK, December 2, 2014 – Hiscox, the international specialist insurer, today introduced enhancements to their Hiscox PRO suite of insurance coverage solutions across a wide variety of professions. Hiscox added Admitted policies for technology, miscellaneous professional, privacy/data breach, and general liability products with media and cyber enhancements to their existing range of professional liability coverage options. The Hiscox PRO admitted policies are being filed in all 50 states and the District of Columbia and complement Hiscox’s existing nationwide Surplus offerings.
The new Hiscox PRO products are part of Hiscox’s continuing focus on providing superior service to their US broker partners and adapting to market demand to meet their clients’ risk needs. Hiscox is supporting the growing home healthcare market by adding automatic additional insured status as needed, third party property damage coverage, defense outside of the limits, and business personal property coverage to the Hiscox PRO Allied Healthcare solution. Hiscox PRO now also includes stand-alone general liability coverage, both on an Admitted and Surplus basis, on both occurrence and claims-made forms.
“We want to provide brokers and policyholders with the service, options and superior coverage they need, and Hiscox PRO helps us deliver that value," said Jim Whetstone, Professions Practice Leader for Hiscox USA. “Hiscox is always looking to develop new coverages to address market needs and help our brokers deliver their value and encourage their clients to pursue their dreams backed by our policies.”
In the US, Hiscox offers professional liability and related coverage alongside a diverse portfolio of executive risks and other specialty insurance products, and has offices in New York, NY; Atlanta, GA; Chicago, IL; Los Angeles, CA; San Francisco, CA. and White Plains, NY.
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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 Syndicates Ltd is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Underwriting Limited and Hiscox ASM Limited are authorized and regulated by the Financial Conduct Authority.
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. is a Chicago, IL-based insurer that is admitted or licensed to do business in all 50 states and the District of Columbia.