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:
* Please note: Commercial property offerings availability varies by state.
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Image transcript
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+ 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
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Bronze: 68 coverages, 25,000 blanket limit
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Silver: 75 coverages, 250,000 blanket limit
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Gold: 75 coverages, 500,000 blanket limit
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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.
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
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Coverage
Blanket limit/coverageBronze
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 period30 days
72-hour waiting period30 days
72-hour waiting period30 days
72-hour waiting periodE-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*
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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
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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
$10,000Paved surfaces
$50,000
- Educational institutions property broadening endorsement
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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
IncludedGlass showcases
$2,500
Spoilage — on premises
Spoilage — in transit$25,000
$5,000 - Financial institutions property broadening endorsement
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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
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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
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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
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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
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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
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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 daysMoney and securities of patients and residents
— per occurrence
— per policy period
$5,000
$250,000Emergency 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
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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
$10,000Warehouse receipts forgery or alteration
$5,000
- Real estate property broadening endorsement
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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
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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
$50,000Broadened 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 propertyIncluded
Included
Dwelling coverage extensions
Included
Spoilage — on premises
Spoilage — in transit$10,000
$1,000 - Sports and fitness property broadening endorsement
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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
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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
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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
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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.
Learn more about our equipment breakdown coverage
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.
* Please note: Commercial property offerings availability varies by state.
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:
* 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.