(Source: Business Wire)

The Hartford has revamped its Property Choice® policy to take the
guesswork out of finding and understanding key policy provisions. The
intuitive design and streamlined form is one of several enhancements
designed to bring simplicity and transparency to The Hartford's property
insurance coverage for midsize businesses.
"Agents have told us their clients need comprehensive property
protection in a policy that is straightforward and easy to understand -- that's what Property Choice delivers," said Gary Thompson, executive
vice president of The Hartford's Middle Market and Specialty Commercial
businesses.
The Hartford's Property Choice provides broad coverage for physical
structures, equipment and inventory, lost revenue, business and personal
property, with optional coverage packages for industry-specific
exposures. With the policy's new segmented, easy-to-follow layout, table
of contents and summary of coverage limits up front, midsize businesses
and agents can tell at a glance what is covered and where there may be
gaps that need to be addressed.
"Whether companies are looking to protect their most common property
exposures or address a specific industry or individual need, Property
Choice is a flexible policy that can be tailored for a variety of
midsize business needs," said Thompson.
Key coverage enhancements include:
New Green Choice® Coverage -- Up to $100,000 of additional
coverage is automatically included to replace damaged materials with
energy efficient materials, such as insulation or light bulbs, or to
upgrade or maintain green building features after a covered loss.
Enhanced Core Coverage for Additional Protection -- Increased
limits for newly acquired buildings, business personal property,
utility interruption services, ordinance or law, and debris removal.
The policy also includes extra expense coverage up to $25,000 and an
ingress/egress enhancement for business interruption up to $50,000.
New coverage options include spoilage due to a power outage or other
non-mechanical breakdown cause of loss, and selling price coverage
extended to non-manufacturers.
Industry-Tailored Property Protection -- Updated Specialized
Property Insurance Coverage Endorsements (SPICE) to address exposures
specific to more than 40 different industries, including technology,
life sciences, metal manufacturers, private education, healthcare
facilities, wholesaler-distributors, real estate management and
financial institutions.
"Midsize businesses and their agents already know The Hartford as a
leading workers' compensation insurer," said Thompson. "We want
businesses to know that we're committed to being their top choice for
property insurance as well. These coverage enhancements, along with our
outstanding loss control and claims services, are designed to help
customers protect their business, manage their risk and recover from
loss with minimal interruption."
For more information about The Hartford's insurance for midsize
businesses or to locate an agent in their area, business owners should
visit www.thehartford.com/midsize-business.
Agents should contact their local Hartford representative.
About The Hartford
Celebrating nearly 200 years, The Hartford Financial Services Group,
Inc. (NYSE: HIG) is an insurance-based financial services company that
serves households, businesses and employees by helping to protect their
assets and income from risks, and by managing wealth and retirement
needs. A Fortune 500 company, The Hartford is recognized widely for its
service expertise and as one of the world's most ethical companies. More
information on the company and its financial performance is available at www.thehartford.com.
HIG-PC
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. We caution investors that these forward-looking statements are not
guarantees of future performance, and actual results may differ
materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include those discussed in our Quarterly Reports
on Form 10-Q, our 2008 Annual Report on Form 10-K and the other filings
we make with the Securities and Exchange Commission. We assume no
obligation to update this release, which speaks as of the date issued.
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