NU Online News Service, June 16, 3:58 p.m. EDT
The Bostonian Group, insurance brokerage said it has introduced a new service for clients, Bostonian Solutions Property & Casualty LLC.
The Boston-based firm said its new risk management practice will specialize in protecting companies and their employees against a wide variety of financial, operational and strategic risks.
Bostonian Solutions Property & Casualty, the firm said, is aimed at assisting chief financial officers, human resource directors or risk managers with coverage for perils such as higher employment liability risks due to the shrinking economy and spate of layoffs.
The firm said that with property-casualty rates declining for six years now, industry surveys show that "when companies switch carriers, they reduce their rates by five to 10 percent, or more."
Jim Blue, chairman and chief executive officer of The Bostonian Group said in a statement the firm is expanding into property-casualty risks because the brokerage's employee benefits clients want the service "for their complex business insurance needs."
Bostonian Solutions Property & Casualty provides all forms of commercial products and professional liability services including employment practices, errors & omissions, directors & officers, fiduciary and umbrella coverage.
The company also offers automobile, property, inland marine, crime/fidelity and workers compensation services. As part of a relationship-focused advisory and brokerage firm, experienced business insurance professionals provide consulting in the areas of executive protection, risk management and loss control.
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