The Hanover can help you understand the complex risks in these industries, and provide the support your clients need to stay safe and thrive.
Plugged In to tech and life sciences
Plugged In is The Hanover's article series dedicated to the technology and life sciences industries. Learn insights from Hanover leaders and subject matter experts as they discuss the unique risks these organizations face.
Plus, you can access resources that can help you provide the support your clients need to protect their operations, reputation and financial stability.
Featured article
AI adoption: Top risks for tech businesses
In this article, Mitchell Foster II, Chief Underwriting Officer for Technology and Life Sciences at The Hanover, shares the importance of staying informed on AI trends and emerging risks, and shows how you can enable your clients to adopt this new technology with confidence.
One survey reports that 78% of organizations now report using AI in at least one business function. For agents, this highlights the need to stay informed on AI trends, and how their clients implement AI in their own operations. The agents who grasp the nuances and unique exposures tech companies in different segments face will be best positioned to help their clients navigate these evolving risks.- Mitchell Foster II, Chief Underwriting Officer for Technology and Life Sciences, The Hanover
Previous articles
Safeguarding the research of life sciences organizations
This article discusses life sciences organizations that rely on animals for research, and how agents can provide proactive risk management guidance and specialized insurance coverage to help them navigate a complex risk landscape.
The complex dangers of spoilage for life sciences organizations
Learn about the impact of spoilage and contamination for life sciences organizations, and the crucial role agents can play in helping these organizations ensure their operations are properly prepared and protected.
Real accounts, real wins for agents
Custom software developer
Total account premium: $25K
Lines of business: Commercial package, workers’ comp, umbrella and Technology Professional and Cyber Advantage
Success for the agency: A software developer was looking to improve their overall cybersecurity profile to help minimize risk. While searching for coverage with expert guidance and consultation, our agent partner recommended The Hanover for its eRisk Hub® offering and Hanover CyberSecure Program™ to help reduce cyberthreats.
Surgical and medical instrument manufacturer
Total account premium: $73K
Lines of business: Commercial property, umbrella, workers’ comp, Hanover Fusion, directors & officers, employment practices liability, fiduciary liability, fidelity and crime
Success for the agency: This medical device manufacturer successfully became a new account thanks to a collaborative effort from both the agency and The Hanover. Through the combined industry knowledge of the agent and The Hanover, as well as The Hanover’s competitive offerings, the agent was able to offer several specialty lines coverage options and find a cohesive solution for their manufacturing operation.
See more tech and life sciences stories like these
Resources for your customers
The Hanover CyberSecure Program
Offer your clients access to technology and insights from vendor partners to help them proactively protect their business from cybersecurity risks. And, in the event they experience a cyber incident, our reactive vendor partners can provide the guidance and support they need to recover.
Risk Solutions for tech companies
Our team of experts in safety has studied all facets of the technology industry to help companies mitigate those risks and keep employees and property safe.
Risk Solutions for life sciences organizations
For clients working in medical device, pharmaceutical, digital health and contract research organizations, we offer resources to help address common exposures to help prevent risks causing injury and business disruption.
Resources for your agency
Technology resources
Learn more about Hanover Technology Advantage, including class information and risk management, designed specifically for a broad range of small and mid-sized tech organizations.
Hanover Technology Professional and Cyber Advantage
Technology target appetite and product overview
Life sciences resources
Hanover Life Sciences Advantage is an innovative insurance product developed to meet the needs of a wide array of life sciences organizations.
Let's start a conversation today
Contact a member of our technology or life sciences teams to learn more about our coverage and services, and how we can help you tailor a solution for you and your clients.