Non-admitted property and casualty solutions
Available to retail agents
Hanover Specialty Excess and Surplus
There are plenty of reasons to turn to Hanover Specialty Insurance Brokers, our in-house E&S brokerage, when placing small to mid-sized non-admitted business—from ease of doing business with direct bill and EFT payment options, to an elevated E&S experience with direct access to regional underwriting expertise.
We provide surplus lines solutions for accounts with moderate to challenging exposures that are already in, or are headed to, the E&S market. Our broad appetite complements and expands The Hanover’s admitted commercial lines product offerings, enabling you to provide a single carrier solution for admitted and non-admitted products—making it easier for you to service accounts and maximize your relationship with The Hanover. Business is conveniently transacted through Hanover Specialty Insurance Brokers which handles the surplus lines filings, taxes and fees on your behalf.
We target general liability risks already in, or headed to, the E&S market with revenues ranging from $1M to $15M and optimal premium ranging from $5K to $75K per policy, with a $5K policy minimum premium. We will consider start-ups or new ventures. It is important to note our appetite varies based on jurisdictional considerations and size of risk. Please contact an E&S underwriter to discuss specific opportunities.
The appetite below outlines classes of businesses and products.
Target appetite
- Manufacturing, including direct importers/products
- Distributors and wholesalers
- Contractors within commercial and industrial specialty trades, including contractors’ equipment operators and rental
- Retail and mercantile
- Real estate and lessors risk only, non-habitational occupancies
- Service
- Vacant buildings and vacant land, no development operations
- Truckers
Limited appetite
- Children’s and baby products
- Roofers
- Habitational
- Apartments
- Condominiums
- Hotels and motels
- Hospitality
- Restaurants
Not in appetite
- Aircraft products
- Invasive medical products
- Pharmaceutical products
- New York construction risks or exposures
- New residential construction risks or exposures
- Cannabis, including tenant operations within LRO risks
- Adult entertainment risks
- Trampoline parks/inflatables
- Senior living
- Habitational
- Boarding houses
- Student housing
- Subsidized housing
- Hospitality
- Bars and taverns
- Night clubs
- Music venues
Additionally, we are not a market for the following casualty exposures or coverage:
- Professional liability/errors and omissions liability
- Sexual abuse and molestation liability
- Auto or workers’ compensation lines of business
We target non-CAT property risks already in, or headed to, the E&S market with target values per building/location ranging from $1M to $5M and a target total insured value of up to $10M for multiple location risks. Our premium target ranges from $10K to $50K, with a $5K policy minimum premium. Property exposures considered include non-sprinklered risks, new purchases, vacant buildings, older buildings, ex-wind placements, risks with prior losses and buildings under renovation (in conjunction with Hanover Marine).
It is important to note our appetite varies based on geographical considerations and size of risk. Please contact an E&S underwriter to discuss specific opportunities.
The appetite below outlines classes of businesses and occupancies.
Target appetite
- Manufacturing: light to moderate hazard occupancies
- Distributors and wholesalers
- Retail and mercantile
- Real estate and lessors risk only, non-habitational occupancies
- Warehouse and storage
- Industrial parks
- Nursing homes and assisted living facilities
- Hospitality
- Restaurants
- Bars and taverns
- Night clubs
- Music venues
Limited appetite
- Manufacturing: heavy hazard occupancies
- Chemical occupancies
- Habitational
- Apartments
- Boarding houses
- Student housing
- Fraternities and sororities
- Subsidized housing
- Condominiums
- Hotels and motels
Not in appetite
- Recycling occupancies, including tenant operations within LRO risks
- Cannabis occupancies, including tenant operations within LRO risks
- Adult entertainment risks
- Buildings on a historical register
- Air-supported or greenhouse structures
Additionally, we are not a market for the following property exposures or coverage:
- Primary or excess property placements
- Tier 1 coastal wind coverage, including all of Florida and Harris County, Texas
- High hazard wind, hail or wildfire geographies
- Flood and earthquake (DIC) coverages
- Transit or inland marine coverages
We offer specialized surplus lines package, property, casualty and supported excess solutions on A.M. Best (A) Excellent rated paper.
Property
Property
- Ground-up policy limit structure
- Coverage for building, contents and/or business interruption on a scheduled basis only
- Flexible deductible levels, including variations for wind/hail versus all other perils
- Mix of ISO and proprietary coverage forms and endorsements to tailor coverage
Casualty
Casualty
- General liability, premises or products coverage
- Discontinued products and/or completed operations liability
- Liquor liability (only when written in conjunction with the general liability)
- Policy limits of $1M each occurrence/$2M aggregate
- Flexible deductible levels
- Mix of ISO and proprietary coverage forms and endorsements to tailor coverage
Excess
Excess
- Supported basis only over Hanover Specialty Excess & Surplus underlying general liability, premises or products coverage
- Policy limits up to $5M (follow-form versus umbrella coverage form)
- Ability to schedule underlying AL or EL of another carrier (subject to carrier and underlying limit acceptability)
Package
- Combined general liability and property offering for select risks
Why Hanover Specialty Excess & Surplus?
At The Hanover, we understand that it can be challenging and costly to place business in the excess and surplus market. That’s the reason we developed The Hanover Specialty Excess & Surplus (E&S) offering — to give our partner agents a more efficient and economical solution for surplus lines placements. Unlock the Hanover advantage:
Ease of doing business
- Direct bill and electronic funds transfer (EFT) payment options through HSIB
- Coordinated claims and risk management support
- Surplus lines taxes/fees are handled on your behalf
Elevated E&S experience
- Direct access to regional underwriting expertise
- Single carrier solution for admitted and non-admitted products
- Minimum earned premium may be waived if direct bill option is selected
Enhanced economics
- Increased commission potential with our 15% commission
- Increased efficiency with Customer Service Center (CSC) support for small business policies
We target general liability risks already in, or headed to, the E&S market with revenues ranging from $1M to $15M and optimal premium ranging from $5K to $75K per policy, with a $5K policy minimum premium. We will consider start-ups or new ventures. It is important to note our appetite varies based on jurisdictional considerations and size of risk. Please contact an E&S underwriter to discuss specific opportunities.
The appetite below outlines classes of businesses and products.
Target appetite
- Manufacturing, including direct importers/products
- Distributors and wholesalers
- Contractors within commercial and industrial specialty trades, including contractors’ equipment operators and rental
- Retail and mercantile
- Real estate and lessors risk only, non-habitational occupancies
- Service
- Vacant buildings and vacant land, no development operations
- Truckers
Limited appetite
- Children’s and baby products
- Roofers
- Habitational
- Apartments
- Condominiums
- Hotels and motels
- Hospitality
- Restaurants
Not in appetite
- Aircraft products
- Invasive medical products
- Pharmaceutical products
- New York construction risks or exposures
- New residential construction risks or exposures
- Cannabis, including tenant operations within LRO risks
- Adult entertainment risks
- Trampoline parks/inflatables
- Senior living
- Habitational
- Boarding houses
- Student housing
- Subsidized housing
- Hospitality
- Bars and taverns
- Night clubs
- Music venues
Additionally, we are not a market for the following casualty exposures or coverage:
- Professional liability/errors and omissions liability
- Sexual abuse and molestation liability
- Auto or workers’ compensation lines of business
Let's start a conversation today
Please send all submissions directly to surplus@hanover.com for prompt clearance.
Click the map below to contact your local Hanover expert.
All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates. Coverage may not be available in all jurisdictions and certain coverage may be provided by an eligible surplus lines insurer and procured only by a properly-licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This release is designed to provide general information for insurance professionals only and does not constitute an offer to sell or a solicitation of insurance. Any inquiries regarding the subject matter should be directed through licensed insurance professionals.
Please refer to the actual policy issued for complete details of coverage and exclusions. For more information about The Hanover visit our website at www.hanover.com.
Hanover Specialty Insurance Brokers, Inc. CA License # 0759293 NY License # EX-530458-R