Introduction:
Tower Group Company is
a successful provider of property and casualty products and services in
diversified niche. It operates its business operations through various
insurance companies and other related subsidiaries. Tower Group International,
Ltd. is its holding company and is listed on the NADSAQ with symbol TWGP. It
delivers a broad range of product lines across the various industries using
multiple channels of distribution in select market distribution through its
insurance subsidiaries that is collectively referred to as Tower Group
Companies. It specifically provides commercial insurance products to small and
medium-sized business and personal insurance products to individuals through
its dedicated team of wholesale and retail agents.
Company Details:
Company Name :
Tower Group Companies
Service :
Insurance Service
Headquarter :
59 Maiden Lane , Floor 42, New York , NY 10038
Phone :
(212) 655-2000
Toll Free :
(877) 490-0049
Website/URL :
http://www.twrgrp.com/
It meets the needs of
an extensive customer base by offering a broad platform of products to its
customers, which spans a growing selection of customized personal and
commercial line of insurance products. Tower Group companies is committed to
continuously evaluate and respond changing market so that it can quickly
address the evolving needs of its producers, effectively meet the challenges in
the market, and take the advantage of emerging opportunities.
Tower Group Companies
conducts its business operations through the following insurance companies:
Tower Insurance Company
of New York Tower National Insurance
Company
Hermitage Insurance
Company Preserver
Insurance Company
North East Insurance
Company Castle Point
National Insurance Company
Kodiak Insurance
Company Massachusetts
Homeland Insurance Company
York Insurance Company
of Maine Castle Point
Management Corp.
Tower Risk Management
Corp. Adirondack AIF,
LLC.
Insurance Products:
1.
Commercial
Business:
Tower Group
Companies designs and markets a wide range of commercial insurance products
that meets the specific market segments. Its insurance products are designed to
meet several pricing tiers, and varying levels of coverage and underwriting
requirements. With this approach, it is Tower Group Companies is able to offer
a portfolio of insurance products targeting to its insured’s’ needs. All the
policies offered by Tower Group Companies vary from state to state.
·
Commercial
Package:
Commercial Package Policy (CPP) of Tower Group
Companies provides property and casualty insurance coverage focusing on classes
of business such as artisan contractors, real estate, service, retail,
restaurants, and light manufacturing. Tower’s CPP on webplus provides
a easy and quick way to quote
bind and issue CPP policies online to its producers. It offers comprehensive
package that is competitively priced to meet the policyholders’ needs.
·
Business Owners:
Business Owners Policy (BOP) of Tower Group Companies
provides property and liability coverage to the small business. This policy
provides a broad built-in insurance coverage for business focusing on artisan
contractors, real estate, service, restaurants, retail, garage, and light
manufacturing. Tower’s POL product
provides a easy and quick way to quote, bind and issue Business Owners policies
online.
·
Landlord Package
Policy:
Landlord Package Policy of Tower Group Companies
provides property and casualty insurance coverage foe tenant-occupied dwellings
1-4 family dwellings. This policy is marketed for both owner occupied and
non-owner occupied risks. This policy is also available online through POL .
·
Workers
Compensation:
Tower Group Companies provides broad range of
workers compensation products. It has web-based rating platforms in most of the
states that offers an efficient and user-friendly way to manage the large
volume of workers compensation business by reducing transaction time and cost. It
offers multi-state coverage in a single policy and this product can be
customized for association and program business.
·
General
Liability:
Tower Group Companies writes mono-line commercial
general liability policy for risks that don’t have a property exposures or the
one whose property is insured elsewhere. This policy is primarily targeted to
artisan contractors, real estate, and automotive service risks.
·
Commercial
Automobiles:
Commercial automobile product of Tower Group
Companies is available on single vehicle, fleet, and non-fleet business for
variety of industries. Commercial Automobile Policy is available online through
webplus.
·
Commercial
Umbrella:
Commercial Umbrella product of Tower Group Companies
provides additional liability insurance coverage with limits of $1000000-
$5000000 to its policyholders who insures their general liability exposure with
any of Tower’s subsidiaries through commercial package, business owners, or
commercial general liability policy.
2.
Personal
Insurance:
Tower Group
Companies offers a wide range of insurance policies for personal lines property
in the Northeast, California
and in other states throughout the country. Customers of Tower Group Companies
include the individuals who own/rent their homes, Co-ops, apartments, or
condominiums as well as those who need private passenger automobile insurance. All
the policies offered by Tower Group Companies vary from state to state.
·
Package
Solutions:
Tower’s package solution is a single policy with
single bill that provides a complete convenience. It is a combination of both
home and auto insurance coverage. This Custom Pac personal insurance product
delivers the total insurance solution: personal property, motor vehicles, convenience,
and value for your home, superior protection, and personal liability needs.
·
Home Insurance:
Towers’ home insurance policy helps to protect your
residence and personal belongings whether it is a cottage, multi-family
residence, or mansion. One can add more coverage for jewelry, watches,
silverwares, furs, and other valuable items. Towers’ flagship package policy is
a Custom Pac that delivers superior
coverage for personal property, motor vehicles, home, and personal liability
needs.
·
Auto Insurance:
Towers’ auto insurance policy delivers insurance
solution for vehicles or operators. It offers standard coverage for property
damage, liability, and medical. Towers’ flagship package policy is a Custom Pac
that delivers insurance coverage for home, motor vehicle, personal property,
and personal liability needs.
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