Customized property solutions

Our commercial package property offering

At The Hanover, we understand that, when a business owner's policy isn't a good fit for your customers, finding the right commercial package solution is important. The Hanover’s commercial package (CPP) property offerings provide coverage designed to help you meet the unique needs of your clients.

Learn more about our offerings below.*

We have four basic endorsements as well as optional industry-specific endorsements that extend and enhance coverage for your client. With four tiers of base endorsement options, you can choose the level of coverage that aligns with your client’s business needs, and provide 60 coverages with flexible limits, including:

  • Worldwide property off-premises
  • Unnamed locations
  • Movement of property
  • Valuable records and papers
  • And more

Here's how our options work:

see image transcript

* Please note: Commercial property offerings availability varies by state. 

Image transcript

+ Specialized coverage endorsements

Further customize by adding specialized endorsements to meet challenging exposures

+ Industry-specific endorsements

Add applicable industry-specific endorsement to meet common industry coverage concerns*

Base property broadening endorsements: Includes ISO and often requested coverages

  • Bronze: 68 coverages, 25,000 blanket limit

  • Silver: 75 coverages, 250,000 blanket limit

  • Gold: 75 coverages, 500,000 blanket limit

  • Platinum: 75 coverages, 1,000,000 blanket limit

ISO 2012 commercial property coverage forms

* Flexibility to amend limits on the base and industry-specific endorsements

 

 

Industrial property solutions

Our industrial property offering was specially designed to be a reliable, admitted solution for businesses of all sizes with known sprinkler deficiencies or unique risk characteristics that require increased protection due to high fire loads or potentially volatile manufacturing processes.

Lean more about industrial property

Office Buildings

Explore our four base endorsements, as well as our industry-specific options, to choose the level of coverage that aligns with your client’s business needs.

Compare our base property broadening endorsements

Coverage


Blanket limit/coverage

Bronze
411-0791

$25,000

Silver
411-0792

$250,000

Gold
411-0793

$500,000

Platinum
411-0794

$1,000,000

Accounts receivable Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Back up or overflow of a sewer, drain or sump n/a  $100,000 Included Included
Brands and labels Included Included Included Included
Broadened building coverage Included Included Included Included
Broadened business personal property Included Included Included Included
Business income and extra expense – dependent properties n/a $100,000 $150,000 $250,000
Business income and extra expense – lease cancellation $5,000 $25,000 $50,000 $50,000
Business income and extra expense – transit $5,000 $50,000 $75,000 $100,000
Business personal property in storage units  Included  Included  Included  Included 
Business personal property in transit  $25,000 $100,000 $100,000 $150,000
Business personal property off premises   $25,000 $100,000 $250,000 $250,000
Catastrophe allowance n/a $25,000 $50,000 $50,000
Computer and funds transfer fraud $5,000 $50,000 $50,000 $50,000
Consequential loss to stock Included Included Included Included
Contract penalties $5,000 $25,000 $50,000 $100,000
Debris removal  $25,000 $100,000 $250,000 $250,000
Deferred payments Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Denial of access to premises  30 days
72-hour waiting period 
30 days
72-hour waiting period 
30 days
72-hour waiting period 
30 days
72-hour waiting period 
E-commerce $2,500 $25,000 $50,000 $50,000
Electronic data processing equipment Included Included Included Included
Employee theft including ERISA compliance $10,000 $100,000 $250,000 $250,000
Employee tools and work clothing  $5,000 $10,000 $25,000 $25,000
Expediting expense $10,000 $25,000 $50,000 $50,000
Extended business income n/a  90 days 180 days 180 days
Extended coverage on property – within 2,000 feet Included  Included Included Included
Extra expense $25,000 $50,000 $300,000 $300,000
Fine arts Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Fire department service charge  Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Fire protection equipment recharge Included Included Included Included
Food contamination  $5,000 $10,000 $25,000 $25,000
Food contamination – additional advertising expense  $3,000 $3,000 $3,000 $3,000
Forgery or alteration $5,000 $50,000 $100,000 $100,000
Foundation and underground pipes  n/a  Included Included Included
International air shipments $10,000 $25,000 $50,000 $50,000
Inventory and loss appraisal $25,000 $100,000 $250,000 $300,000
Key replacement and lock repair $5,000 $15,000 $20,000 $20,000
Leasehold interest $25,000 $50,000 $150,000 $250,000
Lessor’s tenant move expenses  $5,000 $25,000 $50,000 $50,000
Marring and scratching Included Included Included Included
Money and securities $5,000 $25,000 $50,000 $50,000
Money orders and counterfeit money $5,000 $25,000 $50,000 $50,000
Movement of property Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Newly acquired locations – business income and extra expense  $100,000 $250,000 $250,000 $250,000
Newly acquired or constructed property – building $500,000 $1,000,000 $2,000,000 $2,000,000
Newly acquired or constructed property – business personal property $250,000 $500,000 $1,000,000 $1,000,000
Non-owned detached trailers $5,000 $25,000 $25,000 $50,000
Ordinance or law – coverage for loss to the undamaged portion of the building Included Included Included Included

Ordinance or law

  • Demolition cost coverage
  • Increased cost of construction
$100,000 $300,000 $500,000 $500,000
Outdoor property Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Personal effects and property of others Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Pollutant clean-up and removal $10,000 $50,000 $100,000 $150,000
Preservation of property 90 days 90 days 90 days 90 days
Preservation of property – expense $10,000 $25,000 $50,000 $100,000
Prototypes Included Included Included Included
Research and development documentation Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Rewards $5,000 $50,000 $75,000 $100,000
Sales representative samples $10,000 $25,000 $25,000 $50,000
Soft costs $5,000 $10,000 $25,000 $50,000
Temporary relocation of property $25,000 $50,000 $100,000 $100,000
Theft damage to building Included Included Included Included
Undamaged tenants improvements and betterments $10,000 $25,000 $50,000 $100,000
Underground water seepage  n/a  $25,000 $50,000 $150,000
Unintentional property reporting errors  $500,000 $500,000 $500,000 $500,000
Unnamed locations  $20,000 $100,000 $150,000 $200,000
Utility services – business income  $5,000 $50,000 $100,000 $100,000
Utility services – direct damage  $5,000 $50,000 $100,000 $100,000
Valuable papers and records  Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
Voluntary parting $10,000 $25,000 $50,000 $100,000
Water damage, other liquids, powder or molten material damage n/a  $25,000 $50,000 $50,000
Windblown debris $2,500 $5,000 $10,000 $10,000
Worldwide business personal property off premises $10,000 $45,000 $75,000 $100,000

Our specialized industry endorsements can be added to the tiered base option of your choice, including:

Condominium property broadening endorsement*

Condominium property broadening endorsement 411-0795 (standalone endorsement)*

Coverage Limits Coverage Limits
Accounts receivable Included in blanket limit of $250,000 Inventory and loss appraisal $100,000
Alternative key systems $100,000 Key replacement and lock repair $15,000
Back up or overflow of sewer, drain or sump $100,000 Leasehold interest $50,000
Brands and labels Included Lessor’s tenant move expenses $25,000
Broadened building coverage Included Marring and scratching Included
Broadened business personal property Included Money and securities $25,000
Business income and extra expense — dependent properties $100,000 Money orders and counterfeit money $25,000
Business income and extra expense – lease cancellation $25,000 Movement of property Included in blanket limit of $250,000
Business income and extra expense — retail anchor store property $150,000 Newly acquired locations — business income and extra expense $250,000
Business income and extra expense – transit $50,000 Newly acquired or constructed property – buildings $1,000,000
Business personal property in storage units Included Newly acquired or constructed property – business personal property $500,000
Business personal property in transit $100,000 Non-owned detached trailers $25,000
Business personal property off premises $100,000

Ordinance or law — coverage for loss to the undamaged portion of the building

Included
Catastrophe allowance $25,000

Ordinance or law

— demolition cost coverage
— increased cost of construction

$300,000
Commercial tenant replacement expense $50,000 Outdoor property Included in blanket limit of $250,000
Computer and funds transfer fraud $50,000 Paved surfaces $50,000
Consequential loss to stock Included Personal effects and property of others Included in blanket limit of $250,000
Contract penalties $25,000 Pollutant clean-up and removal $50,000
Debris removal $100,000 Preservation of property 90 days
Deferred payments Included in blanket limit of $250,000 Preservation of property – expense $25,000
Denial of access to premises 30 days, 72-hour waiting period Prototypes Included
E-commerce $25,000 Realty tax assessment $75,000
Electronic data processing equipment Included Research and development documentation Included in blanket limit of $250,000
Emergency evacuation expense $25,000 Rewards $50,000
Employee theft - including ERISA compliance $100,000 Sales representative samples $25,000
Employee tools and work clothing $10,000 Soft costs $10,000
Expediting expense $25,000 Temporary relocation of property $50,000
Extended business income 365 days Theft damage to building Included
Extended coverage on property – within 2,000 feet Included Undamaged tenants improvements and betterments $25,000
Extra expense $50,000 Underground water seepage $25,000
Fine arts Included in blanket limit of $250,000 Unintentional property reporting errors $500,000
Fire department service charge Included in blanket limit of $250,000 Unnamed locations $100,000
Fire protection equipment recharge Included Utility services — business income $50,000
Food contamination $10,000 Utility services — direct damage $50,000
Food contamination — additional advertising expense $3,000 Valuable papers and records Included in blanket limit of $250,000
Forgery or alteration $50,000 Voluntary parting $25,000
Foundation and underground pipes Included Water damage, other liquids, powder or molten material damage $25,000
International air shipments $25,000 Windblown debris $5,000
    Worldwide business personal property off premises $45,000

Coverage included within a $250,000 blanket limit of insurance:
Accounts receivable, deferred payments, fine arts, fire department service charge, movement of property, outdoor property, personal effects and property of others, research and development documentation, valuable papers and records (other than electronic data)

* Condominium endorsement cannot be combined with a base property broadening endorsement.
Cultural institutions property broadening endorsement

Cultural institutions property broadening endorsement 411-0811

Coverage Limits Coverage Limits

Automated external defibrillators

$10,000

Realty tax assessment

$50,000

Broadened business personal property

Included

Research expense for fine arts

$25,000

Business income and extra expense — fundraising event

$50,000

Spoilage — on premises
Spoilage — in transit

$50,000
$10,000

Paved surfaces

$50,000

 

 

Educational institutions property broadening endorsement

Educational institutions property broadening endorsement 411-0812

Coverage Limits Coverage Limits

Automated external defibrillators

$5,000

Paved surfaces

$100,000

Broadened building coverage

Included

Personal effects of students

$100,000

Business income and extra expense — fundraising events

$50,000

Real property of others required by contract

$5,000

Emergency evacuation expense

$25,000

Special settlement provisions
- Agreed amount coverage (losses <=$25,000)
- Replacement cost — leased personal property


Included
Included

Glass showcases

$2,500

Spoilage — on premises
Spoilage — in transit

$25,000
$5,000

Financial institutions property broadening endorsement

Financial institutions property broadening endorsement 411-1500 (available for bank clients)

Coverage Limits Coverage Limits

Automated teller machines (ATMs) — described premises

Included

Emergency vacating expense

$25,000

Automated teller machines (ATMs) — off premises

$25,000

Temporary meeting space expenses

$25,000

Business income and extra expense — cloud services

$25,000

Tenant signs

$25,000

Business income and extra expense — websites

$25,000

 

 

Fuel dealers property broadening endorsement

Fuel dealers property broadening endorsement 411-0819

Coverage Limits Coverage Limits

Broadened building coverage

Included

Product contamination

$25,000

Damage to liquid fuel products due to misdelivery

$25,000

Terminal access card or key

$25,000

Liquid fuel products cleanup and removal — liquid fuel product delivery

$25,000

Tools and equipment

$5,000

Hospitality property broadening endorsement

Hospitality property broadening endorsement 411-0801

Coverage Limits Coverage Limits

Alternative key systems

$100,000

Guests' reimbursement

$50,000

Automated external defibrillators

$5,000

Paved surfaces

$50,000

Emergency evacuation expense

$25,000

Reservation systems — worldwide

$100,000

Guests' property

$25,000

Spoilage — on premises
Spoilage — in transit

$250,000
$25,000

Human services property broadening endorsement

Human services property broadening endorsement 411-0803

Coverage Limits Coverage Limits

Automated external defibrillators

$10,000

Paved surfaces

$100,000

Broadened building coverage

Included

Property at convention, exhibition or special event

$100,000

Business income

$300,000

Property at temporary location

$500,000

Dampness and extremes of temperature

Included

Property of home care provider

$50,000

Emergency evacuation expense

$25,000

Residential room reserve

$100,000

Mobile medical equipment

$15,000

 

 

Manufacturing property broadening endorsement

Manufacturing property broadening endorsement 411-0815

Coverage Limits Coverage Limits

Additional covered property

$50,000

Processing water

$50,000

Business income and extra expense — dependent and interdependent properties

$150,000

Product adulteration and contamination

$50,000

Contract cancellation

$100,000

Research and development operations — expenses

$250,000

Extended warranty coverage

$75,000

Research and development operations — extra expense

$250,000

Patterns, dies, molds and plates

Included

Spoilage — on premises
Spoilage — in transit

$100,000
$10,000

Medical care property broadening endorsement

Medical care property broadening endorsement 411-1012

Coverage Limits Coverage Limits

Automated external defibrillators

$5,000

Medical tools and equipment

$15,000

Business income — per diem option

$400/day for each physician
$100/day for each nurse
OR
$1,200/day for 15 days

Money and securities of patients and residents
— per occurrence 
— per policy period



$5,000
$250,000

Emergency evacuation expense

$25,000

Personal effects of patients and residents

$25,000

Medical hazardous waste and radioactive contamination

$30,000

 

 

Moving and storage property broadening endorsement

Moving and storage property broadening endorsement 411-0816

Coverage Limits Coverage Limits

Broadened valuation clause

Included

Uncollectable accrued storage charges

$20,000

Mobile equipment — moving and storage

$25,000

Uncollectable freight charges

$5,000

Personal effects of clients

$10,000

Vehicle damage to leased property

$25,000

Spoilage — on premises
Spoilage — In transit

$10,000
$10,000

Warehouse receipts forgery or alteration

$5,000

Real estate property broadening endorsement

Real estate property broadening endorsement 411-0800

Coverage Limits Coverage Limits

Alternative key systems

$100,000

Extended business income

365 days

Business income and extra expense — retail anchor store property

$150,000

Paved surfaces

$50,000

Commercial tenant replacement expense

$50,000

Realty tax assessment

$75,000

Emergency evacuation expense

$25,000

 

 

Religious institutions property broadening endorsement

Religious institutions property broadening endorsement 411-0799

Coverage Limits Coverage Limits

Amended loss condition — vacancy

Included

Glass showcases

$2,500

Automated external defibrillators

$5,000

Legal liability

$500,000

Broadened building coverage

Included

Money and securities
— per occurrence
— peak season during religious holidays


$25,000
$50,000

Broadened valuation clause

Included

Personal effects of clergy

$50,000

Business income and extra expense — fundraising event

$50,000

Special settlement provisions
- Agreed amount coverage (losses <=$25,000)
- Replacement cost — leased personal property

 

 

Included

 

 

Included

Dwelling coverage extensions

Included

Spoilage — on premises
Spoilage — in transit

$10,000
$1,000

Sports and fitness property broadening endorsement

Sports and fitness property broadening endorsement 411-0809

Coverage Limits Coverage Limits

Automated external defibrillators

$5,000

Business income and extra expense — off-premises special event cancellation

$50,000

Broadened building coverage

Included

Business income and extra expense extended to membership values

Included

Broadened business personal property

Included

Money and securities — health club members and guests on premises

$5,000

Broadened valuation clause

Included

Personal effects of health club members and guests personal property on premises

$10,000

Technology manufacturing property broadening endorsement

Technology manufacturing property broadening endorsement 411-0817

Coverage Limits Coverage Limits

Additional covered property

Included

Extended warranty coverage

$50,000

Business income — new product to market delay

$50,000

Installation

$25,000

Business income and expenses — research and development operations

Included

Portable electronic devices — worldwide

$50,000

Business income and extra expense — dependent and interdependent properties

$150,000

Processing water

$25,000

Contract cancellation

$100,000

Research and development — extra expense

$250,000

Technology services property broadening endorsement

Technology services property broadening endorsement 411-0818

Coverage Limits Coverage Limits

Additional covered property

Included

Extended warranty coverage

$50,000

Broadened business personal property

Included

Installation

$25,000

Business income — new product to market delay

$50,000

Portable electronic devices — worldwide

$50,000

Business income and extra expense — dependent and interdependent properties

$150,000

Research and development operations —  expenses

$250,000

Contract cancellation

$100,000

Research and development — extra expense

$250,000

Telecommunication services property broadening endorsement

Telecommunication services property broadening endorsement 411-0820

Coverage Limits Coverage Limits

Additional covered property

Included

Mobile equipment — telecommunications

$25,000

Broadened business personal property

Included

Portable electronic devices — worldwide

$50,000

Business income — new product to market delay

$50,000

Research and development operations — expenses

$250,000

Extended warranty coverage

$50,000

Research and development operations — extra expense

$250,000

Installation

$25,000

Theft of phone cards

$10,000

* Please note: Commercial property offerings availability varies by state. 

Specialized commercial package options

In addition to our base and industry-specific property broadening endorsement options, The Hanover offers specialized coverage endorsements to solve for more challenging exposures, including:

  • Valuation of wine stock
  • Unique building feature valuation
  • Beer leakage
  • Restrictive zoning

Equipment breakdown coverage

From educational and financial institutions, to manufacturers, retailers, technology companies, equipment keeps all kinds of businesses going. Our equipment breakdown offering is designed to help protect your commercial lines clients against both traditional and modern equipment breakdown losses that can halt operations and threaten profits.

Traditional equipment breakdown insurance covers sudden and accidental, physical damage to equipment that requires its repair or replacement. It provides protection from damage caused by:

  • Short circuits, electrical arcing and power surges
  • Steam explosion
  • Mechanical breakdown
  • Centrifugal force

    This coverage can help pay for:

    • Direct property loss — the cost to repair or replace damaged equipment
    • Expediting expenses
    • Loss of business income and extra expense
    • Service interruption
    • Spoilage due to a covered equipment breakdown

    In addition to this traditional coverage, our offering includes protection against losses caused by increasingly common technology related failures, including:
     

    Microelectronics coverage*

    Covers failures that require microelectronics to be replaced whether or not such equipment shows signs of physical damage. Triggered when covered equipment suddenly stops functioning as it had been and that equipment or a part containing electronic circuitry must be replaced.

    Cloud computing service interruption

    Adds cloud computing services to service interruption coverage

    Service interruption data restoration

    Data restoration coverage for lost data when there is a covered service interruption. Data may be at the insured location or in the custody of the insured’s cloud computing service provider.

     

    Off-premises business income, data restoration and extra expense

    Extends payment for off-premises equipment breakdown to include business income, data restoration and extra expense, in addition to physical damage

    Public relations coverage

    Pays for public relations assistance to help manage a reputation that may be damaged by an interruption of business due to equipment breakdown

    Value beyond coverage

    We partner with Hartford Steam Boiler (HSB) to provide jurisdictional inspections as a built-in benefit of our equipment breakdown offering so your clients avoid local fees in many jurisdictions and only pay a certificate fee.

     

    *Subject to certain exclusions for: conditions remedied by normal maintenance, rebooting, reloading, or providing necessary power or supply; software or equipment incompatibility within 30 days of install; failure caused by insufficient size or capacity; exposure to adverse environmental conditions unless these conditions cause a loss of functionality
     

    Business owner’s policy broadening and industry-specific endorsements

    The Hanover’s business owner’s policy (BOP) broadening endorsements provide extended and expanded coverage on top of your clients’ current BOP. They add up to 60 important coverage options that will give clients peace of mind knowing they’re well protected. In addition, our selection of industry-specific endorsements offers additional options for your clients, allowing you to offer more industry-focused coverage. 

    View BOP endorsement options

    * Please note: Commercial property offerings availability varies by state. 

    Coverage description

    We have four basic endorsements as well as optional industry-specific endorsements that extend and enhance coverage for your client. With four tiers of base endorsement options, you can choose the level of coverage that aligns with your client’s business needs, and provide 60 coverages with flexible limits, including:

    • Worldwide property off-premises
    • Unnamed locations
    • Movement of property
    • Valuable records and papers
    • And more

    Here's how our options work:

    see image transcript

    * Please note: Commercial property offerings availability varies by state. 

    Image transcript

    + Specialized coverage endorsements

    Further customize by adding specialized endorsements to meet challenging exposures

    + Industry-specific endorsements

    Add applicable industry-specific endorsement to meet common industry coverage concerns*

    Base property broadening endorsements: Includes ISO and often requested coverages

    • Bronze: 68 coverages, 25,000 blanket limit

    • Silver: 75 coverages, 250,000 blanket limit

    • Gold: 75 coverages, 500,000 blanket limit

    • Platinum: 75 coverages, 1,000,000 blanket limit

    ISO 2012 commercial property coverage forms

    * Flexibility to amend limits on the base and industry-specific endorsements

     

     

    Industrial property solutions

    Our industrial property offering was specially designed to be a reliable, admitted solution for businesses of all sizes with known sprinkler deficiencies or unique risk characteristics that require increased protection due to high fire loads or potentially volatile manufacturing processes.

    Lean more about industrial property

    Office Buildings