The Hanover Partners with Celevoke to Help Prevent Heavy Equipment Theft
- Provides The Hanover's Agent Partners Opportunity to Offer Discounted Risk Control Products and Services to Inland Marine Clients -
Press Release
Source: The Hanover Insurance Group, Inc.
On Wednesday September 9, 2009, 9:39 am EDT
WORCESTER, Mass., Sept. 9 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE: THG - News), a leading property and casualty company, today announced a partnership with Celevoke, Inc., a pioneer in wireless global positioning systems (GPS) for construction and other heavy equipment.
The arrangement will enable The Hanover's independent agent partners to provide even more value to their inland marine customers, by offering them access to the Celevoke's proprietary asset tracking systems and risk mitigation services at a significant discount.
"We are very pleased to partner with Celevoke to offer our agent partners one more way to provide value to customers and be more competitive in their markets," said Sophia Philips, president Hanover marine, commercial lines. "The Hanover's already strong loss control program will be further complemented by Celevoke's products and services. And, given their track record, we believe our policyholders that participate in this program will significantly reduce the risk of both the theft and loss of their expensive equipment."
In addition to discounts on GPS devices, The Hanover's policyholders will gain access to an easy-to-use risk prevention Web site where they can monitor and manage equipment outfitted with Celevoke's devices in real-time. Arming equipment owners with instant notification of a theft and the ability to track the equipment is proven to lead to quick recovery with less related loss. The Celevoke system can be fitted to most construction vehicles in a way that is not obvious or easy to remove.
"We have spent several years working on a risk mitigation program and are excited to align ourselves with The Hanover to offer GPS theft deterrents and risk mitigation services at a discounted price," said Chuck Allen, chief executive officer, Celevoke. "The Hanover's commitment to investing in loss control programs reflects very positively on the industry and we look forward to helping the company, its agent partners and its insureds to reduce their risks and losses over the long term." |
