Commercial lines — platinum property broadening endorsement
The Hanover’s platinum property broadening endorsement is part of our suite of property coverage offerings designed to help fully protect your commercial package property (CPP) and monoline property clients. Further customize the 65+ coverages and enhancements with amendable limits for unique protection.
|
COVERAGE |
LIMITS |
COVERAGE |
LIMITS |
|---|---|---|---|
|
Additional covered property |
Included |
Money orders and counterfeit money |
$50,000 |
|
Brands and labels |
Included |
Newly acquired/constructed property — building Newly acquired — business personal property |
$2,000,000 $1,000,000 |
|
Broadened building coverage |
Included |
Newly acquired locations — BI/EE |
$250,000 |
|
Broadened business personal property coverage |
Included |
Non-owned detached trailers |
$50,000 |
|
Building limit — inflation guard |
Included |
Ordinance or law |
$500,000 |
|
BI/EE from dependent properties |
$250,000 |
Pollutant clean-up and removal |
$150,000 |
|
Catastrophe allowance |
$50,000 |
Preservation of property |
90 days |
|
Computer and funds transfer fraud |
$25,000 |
Preservation of property — expense |
$100,000 |
|
Consequential loss to stock |
Included |
Property in transit |
$150,000 |
|
Contract penalties |
$100,000 |
Property off premises |
$200,000 |
|
Debris removal |
$250,000 |
Prototypes |
Included |
|
Denial of access to premises |
Included |
Rewards — arson, theft, vandalism |
$100,000 |
|
eCommerce |
$25,000 |
Sales representatives aamples |
$50,000 |
|
Electronic data processing equipment |
Included |
Seasonal increase — business personal property |
Included |
|
Employee theft including ERISA compliance |
$150,000 |
Sewer backup |
Included |
|
Employee tools and work clothing |
$25,000 |
Soft costs |
$50,000 |
|
Expediting expense |
$50,000 |
Temporary relocation of property |
$100,000 |
|
Extended business income |
180 days |
Tenant glass |
$25,000 |
|
Extended coverage on property — w/in 2,000 feet |
Included |
Tenant relocation |
$50,000 |
|
Extra expense |
$300,000 |
Theft damage to building |
Included |
|
Fire protection equipment recharge |
Included |
Transit business income and extra expense |
$100,000 |
|
Food contamination — Including additional advertising expense |
$25,000 $3,000 |
Undamaged tenants improvements and betterments |
$100,000 |
|
Forgery and alteration |
$50,000 |
Underground water seepage |
$150,000 |
|
Foundations and underground pipes |
Included |
Unintentional property reporting errors |
$500,000 |
|
International air shipments |
$50,000 |
Unnamed locations |
$200,000 |
|
Inventory and loss appraisal |
$300,000 |
Utility services — direct damage Utility services — business income |
$100,000 $100,000 |
|
Key replacement and lock repair |
$20,000 |
Voluntary parting |
$100,000 |
|
Lease cancellation |
$50,000 |
Water damage, other liquids, powder or molten material damage |
$50,000 |
|
Leasehold interest — tenants |
$250,000 |
Windblown debris |
$10,000 |
|
Marring and scratching |
Included |
Worldwide property off premises |
$100,000 |
|
Money and securities |
$50,000 |
Coverages included within a $1,000,000 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).
Contact your local underwriter or sales manager and visit us on Agent Solutions to learn more.
114-1856 (9/14) LC 14-149