Industrial property solutions

Industrial property from The Hanover

For more than 50 years, The Hanover has underwritten sprinklered property coverage for businesses that manufacture, blend, distribute, warehouse or transport a wide array of high-hazard products and materials—from chemicals and lessor’s risk, to plastics and textiles, and everything in between.

While most standard market carriers avoid or approach this business with caution, Hanover Specialty Industrial Property (HSIP) has made complex industrial property our sole focus. Our entire team is focused on creating tailored protection plans that address each business’ unique risks while delivering a higher level of service and attention.

Unique approach for unique risks

Our customized approach begins with a comprehensive review of property exposures via phone survey with a senior loss control engineer. This provides our underwriters and property engineers with an intimate understanding of each risk, allowing them to draw on their expertise to make reasonable and helpful program recommendations. Our best-in-class underwriters and property engineers have deep and meaningful knowledge of complex manufacturing processes and stay current on changes to National Fire Protection Association (NFPA) codes through active NFPA committee participation.

Throughout the life of the policy, our property engineers are available to provide personalized services such as inspections, sprinkler test reviews, new building or system upgrade specifications reviews and more, to help minimize risk.

Target appetite

  • Adhesives
  • Aerosols
  • Auto parts
  • Battery manufacturing
  • Boat manufacturing
  • Building owner — lessors risk
  • Cabinet manufacturing
  • Candle manufacturing
  • Chemicals
  • Coatings
  • Composites
  • Corrugated box manufacturing
  • Cosmetics
  • Cutting
  • Distilleries
  • Electroplating
  • Equipment/assembly
  • Explosives
  • Fertilizer manufacturing
  • Fiberglass
  • Firearms
  • Fireworks storage
  • Foam and foam rubber
  • Food additives
  • Food processing — spray drying
  • Foundries
  • Furniture manufacturing
  • Heat treating
  • Janitorial supplies
  • Labs
  • Laminating
  • Lubricants
  • Machine shop
  • Matches
  • Mattress manufacturing
  • Ordnance/munitions
  • Paper products
  • Pesticides
  • Pharmaceuticals/
    nutraceuticals
  • Plastic manufacturing — all types
  • Printing
  • Resins
  • Rubber manufacturing — all types
  • Shoe manufacturing
  • Solvents
  • Sporting goods manufacturing
  • Synthetic oil packaging
  • Tire distribution and recapping — various
  • Volatile metals manufacturing and processing — titanium, nickel, etc.
  • Warehousing
  • Wood products

 

Not in appetite

  • Biofuels
  • Habitational
  • Recycling
  • Vacant buildings

The HSIP 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.

 

    Product offering

    • Policy written on admitted Hanover/Verlan A-15 paper
    • $100 million per location capacity for most classes
    • $10,000 minimum premium
    • $5,000 minimum deductible
    • No coinsurance (agreed amount) needed

    Key coverage features

    • Coverage for “all risks” of direct physical loss or damage
    • Property valued at replacement cost
    • Finished goods manufactured by the insured valued at selling price
    • Debris removal included as part of the building and personal property limit without a separate debris removal sublimit
    • Separate pollution limit for cleanup
    • Combined single deductible for property damage and business interruption
    • Coverage for foundations, slabs and underground piping
    • Business income form includes extra expense and rental value
    • Earthquake sprinkler leakage provided as an additional covered peril within the policy limits at no additional cost
    • Optional equipment breakdown offering includes microelectronics coverage
    • Broadening endorsement that extends 14 coverages and adds 18 coverages
    • Sublimits available

    Policy flexibility

    We can offer policies for both single and multiple locations and leverage our flexible array of coverages to customize a solution to meet the unique needs of each client. We can also offer monoline opportunities and split policies for multi-location schedules.

    Plus, we're able to carve out properties written on a middle market policy to help maintain optimum pricing.

     

    Additional coverage options

    In addition, The Hanover offers commercial and specialized products that offer enhanced protection and enable total account solutions, such as:

     

    We are committed to industrial property risks through all market cycles, helping you retain accounts and win new business when market disruption occurs. Unlock the Hanover advantage.
     

     

    Commitment to the market 

    A long-term commitment to the industrial property space, with a special understanding of industry issues

     

    High-hazard specialization

    Allows us to provide quick turnaround, attractive terms, and competitive premium for industrial property risks

     

    Dedicated team

    Engineers, underwriters and insurance professionals who are highly skilled at tailoring insurance solutions for industrial facilities

     

     

    Property expertise

    Our team of property engineers provides inspections, sprinkler test reviews, new building or system upgrade specifications and more for sprinklered property policyholders

     

    Account solutions

    We coordinate the placement of other lines with other Hanover teams

     

    Financial strength

    “A” ratings from A.M. Best, S&P and Moody's

    Appetite

    Target appetite

    • Adhesives
    • Aerosols
    • Auto parts
    • Battery manufacturing
    • Boat manufacturing
    • Building owner — lessors risk
    • Cabinet manufacturing
    • Candle manufacturing
    • Chemicals
    • Coatings
    • Composites
    • Corrugated box manufacturing
    • Cosmetics
    • Cutting
    • Distilleries
    • Electroplating
    • Equipment/assembly
    • Explosives
    • Fertilizer manufacturing
    • Fiberglass
    • Firearms
    • Fireworks storage
    • Foam and foam rubber
    • Food additives
    • Food processing — spray drying
    • Foundries
    • Furniture manufacturing
    • Heat treating
    • Janitorial supplies
    • Labs
    • Laminating
    • Lubricants
    • Machine shop
    • Matches
    • Mattress manufacturing
    • Ordnance/munitions
    • Paper products
    • Pesticides
    • Pharmaceuticals/
      nutraceuticals
    • Plastic manufacturing — all types
    • Printing
    • Resins
    • Rubber manufacturing — all types
    • Shoe manufacturing
    • Solvents
    • Sporting goods manufacturing
    • Synthetic oil packaging
    • Tire distribution and recapping — various
    • Volatile metals manufacturing and processing — titanium, nickel, etc.
    • Warehousing
    • Wood products

     

    Not in appetite

    • Biofuels
    • Habitational
    • Recycling
    • Vacant buildings

    Product resources

    Total Hanover solution

    Offer clients an account-focused solution by including industrial property coverage as part of a specialized industry solution offering.

    Manufacturing

    Real estate

    Wholesale

     

     

    Let's start a conversation today

    Contact a member of the Hanover team to learn more about our industrial property solutions.

    Chris Zaneski
    Vice President, Distribution Management
    AR, LA, OK, TX
    240-638-5706
    czaneski@hanover.com

    Mitchel Combe
    Regional Distribution Manager
    AZ, CO, KS, MO, NM, NV, UT
    801-243-6768
    mcombe@hanover.com

    Dori Necessary
    Regional Distribution Manager
    AL, FL, GA, MS, NC, SC, TN
    615-419-4968
    dvaughan@hanover.com

    Don Christy
    Regional Distribution Director
    IA, IL, MN, ND, NE, SD, WI
    630-521-8401
    dchristy@hanover.com

    Justen Morrow
    Regional Distribution Director
    IN, KY, MI, OH
    616-258-7723
    jumorrow@hanover.com

    Lara Protiva
    Regional Distribution Director
    CA, ID, OR, WA
    213-533-4186
    lprotiva@hanover.com

    Mandy Salerno
    Regional Distribution Director
    NJ, NY, PA
    908-334-0315
    amsalerno@hanover.com

    Pete Hamm
    Regional Distribution Director
    CT, DC, DE, MA, MD, ME, NH, RI, VA, VT, WV
    804-349-9432
    phamm@hanover.com