No

Hanover Wholesalers Advantage – a look at the whole picture

Your wholesale business is a success because you developed a deep understanding of your customers’ needs, found ways to access products faster than your competition, learned the ins and outs of your local marketplace and, above all, exhibited flexibility and responsiveness.

The Hanover has used the exact same skills to develop our Hanover Wholesalers Advantage package of coverages. Compare our program with your current policies and you’ll appreciate the superior value The Hanover provides. Your Hanover agent is ready to explain everything about this unique program in detail.

Property coverages review

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Consequential loss to stock

Covers value lost by stock that is unmarketable due to loss to other parts sold with it

Included

Does not apply to wholesale operations

Contract penalties

Covers penalties in a distribution agreement resulting from covered loss

Limits up to $100K

Added by endorsement

Deferred payment

Covers your interest in property sold or leased but not paid for if damaged by a covered cause or loss

Included in blanket limit of insurance

Not covered

Business income and extra expense from dependent properties

Covers loss of income and extra expense due to damage at a supplier’s premises

Worldwide limits up to $250K

Worldwide

Newly acquired buildings and personal property

Protects you from loss of coverage due to accidental failure to comply with notice requirements

Limits up to:

Buildings: $2,000,000

Personal: $1,000,000

Income: $250,000

Buildings: $250,000

Personal: $100,000

Income: $100,000

Seasonal increase

Protects against inadequate limits for personal property due to seasonal fluctuations in inventory

Personal property limit is increased by 25%

Not covered

Unintentional property reporting errors

Protects you from loss of coverage due to accidental failures to report or describe your locations

$500,000

Not provided

Extended business income

Covers loss of business income during the period between the completion of repairs and the return of your income to pre-loss levels

Selections available up to 180 days after repairs or two years after loss

30 days

Employee theft including ERISA compliance

Covers loss of money, securities, or other property caused by an employee acting alone or with others

Limits up to $150,000, all losses caused by one employee

$25,000

eCommerce

Covers damage to computer equipment, including hardware and software, caused by electronic vandalism, such as hackers, viruses, and other malware

$100,000

Limited coverage

Marine coverages

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Worldwide ocean cargo

Covers loss of income due to an interruption of computer services caused by electronic vandalism, including up to $10,000 of advertising expenses to restore your reputation

$250,000; 24 hour waiting period applies

Limited coverage

Transportation

Covers loss of income due to damage to property you depend on for website or network services caused by a covered cause of loss, including electronic vandalism

Lesser of $100,000 or income lost over the first 30 days after loss

Limited coverage

General liability coverages

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Additional insured by contract, agreement or permit

Covers as insureds all interests you agree to cover in an insured contract

Provided in the suite of general liability broadening coverages

Each additional insured must be separately endorsed

Damage to leased premises

Covers damage from specified perils

Provided in the suite of general liability broadening coverages with a $1,000,000 limit

Must be separately purchased

Product recall expense

Covers costs including communication, shipping and lost profit

$25,000 occurrence; $50,000 aggregate provided in the suite of general liability broadening coverages

Higher limits are available

Must be separately purchased

Additional coverages

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Data breach

Coverage provides first-party protection for the direct costs a business faces when a data breach occurs

Default limit is $10,000

Higher filed limits available up to $1 million

Limited coverage

Cyber liability

Coverage offers defense and liability protection for claims that are brought against insureds by a third party

Default limit is $50,000

Higher filed limits available up to $1 million

Limited coverage

 

Compare, then choose the better value

Compare The Hanover’s Wholesale Advantage with your current policies. Only then can you fully appreciate the superior value our program provides. Contact your local Hanover team today for complete information and an in-depth review of your unique needs.

 


114-1059 (6/16)       LC 08-54

No

Hanover Wholesalers Advantage – a look at the whole picture

Your wholesale business is a success because you developed a deep understanding of your customers’ needs, found ways to access products faster than your competition, learned the ins and outs of your local marketplace and, above all, exhibited flexibility and responsiveness.

The Hanover has used the exact same skills to develop our Hanover Wholesalers Advantage package of coverages. Compare our program with your current policies and you’ll appreciate the superior value The Hanover provides. Your Hanover agent is ready to explain everything about this unique program in detail.

Property coverages review

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Consequential loss to stock

Covers value lost by stock that is unmarketable due to loss to other parts sold with it

Included

Does not apply to wholesale operations

Contract penalties

Covers penalties in a distribution agreement resulting from covered loss

Limits up to $100K

Added by endorsement

Deferred payment

Covers your interest in property sold or leased but not paid for if damaged by a covered cause or loss

Included in blanket limit of insurance

Not covered

Business income and extra expense from dependent properties

Covers loss of income and extra expense due to damage at a supplier’s premises

Worldwide limits up to $250K

Worldwide

Newly acquired buildings and personal property

Protects you from loss of coverage due to accidental failure to comply with notice requirements

Limits up to:

Buildings: $2,000,000

Personal: $1,000,000

Income: $250,000

Buildings: $250,000

Personal: $100,000

Income: $100,000

Seasonal increase

Protects against inadequate limits for personal property due to seasonal fluctuations in inventory

Personal property limit is increased by 25%

Not covered

Unintentional property reporting errors

Protects you from loss of coverage due to accidental failures to report or describe your locations

$500,000

Not provided

Extended business income

Covers loss of business income during the period between the completion of repairs and the return of your income to pre-loss levels

Selections available up to 180 days after repairs or two years after loss

30 days

Employee theft including ERISA compliance

Covers loss of money, securities, or other property caused by an employee acting alone or with others

Limits up to $150,000, all losses caused by one employee

$25,000

eCommerce

Covers damage to computer equipment, including hardware and software, caused by electronic vandalism, such as hackers, viruses, and other malware

$100,000

Limited coverage

Marine coverages

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Worldwide ocean cargo

Covers loss of income due to an interruption of computer services caused by electronic vandalism, including up to $10,000 of advertising expenses to restore your reputation

$250,000; 24 hour waiting period applies

Limited coverage

Transportation

Covers loss of income due to damage to property you depend on for website or network services caused by a covered cause of loss, including electronic vandalism

Lesser of $100,000 or income lost over the first 30 days after loss

Limited coverage

General liability coverages

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Additional insured by contract, agreement or permit

Covers as insureds all interests you agree to cover in an insured contract

Provided in the suite of general liability broadening coverages

Each additional insured must be separately endorsed

Damage to leased premises

Covers damage from specified perils

Provided in the suite of general liability broadening coverages with a $1,000,000 limit

Must be separately purchased

Product recall expense

Covers costs including communication, shipping and lost profit

$25,000 occurrence; $50,000 aggregate provided in the suite of general liability broadening coverages

Higher limits are available

Must be separately purchased

Additional coverages

FEATURES

BENEFITS

THE HANOVER

INDUSTRY STANDARD

Data breach

Coverage provides first-party protection for the direct costs a business faces when a data breach occurs

Default limit is $10,000

Higher filed limits available up to $1 million

Limited coverage

Cyber liability

Coverage offers defense and liability protection for claims that are brought against insureds by a third party

Default limit is $50,000

Higher filed limits available up to $1 million

Limited coverage

 

Compare, then choose the better value

Compare The Hanover’s Wholesale Advantage with your current policies. Only then can you fully appreciate the superior value our program provides. Contact your local Hanover team today for complete information and an in-depth review of your unique needs.

 


114-1059 (6/16)       LC 08-54