Manufacturers need a comprehensive solution to help manage risk, requiring a carrier with deep experience that can offer a comprehensive solution featuring innovative products and specialized coverages, expert underwriters who know this industry inside and out and experienced risk managers and claims specialists who are responsive. The Hanover's leading solutions meet the changing needs of today's manufacturers.
Hanover Manufacturing Advantage offers a wealth of opportunity for manufacturers in the following subindustry categories:
NOT IN APPETITE
For high-hazard manufacturing risks, Hanover Specialty Industrial Property (HSIP) supplements middle market's offering by extending our appetite to include companies that manufacture, distribute, warehouse or transport high-hazard substances. This unique offering broadens your Hanover relationship to include classes of business traditionally placed with E&S carriers, including:
For manufacturers whose products include medical devices or FDA Approved pharmaceuticals, our Hanover Life Sciences Advantage delivers specialized insurance programs to cover their unique exposures.
- Commercial package policy
- Commercial property
- Commercial general liability
- Commercial automobile
- Commercial follow form excess and umbrella
- Workers' compensation
Specialized coverages and endorsements:
- Selection of base property broadening endorsements (add or enhance over 65 coverages)
- Bronze Property Broadening Endorsement
- Silver Property Broadening Endorsement
- Gold Property Broadening Endorsement
- Platinum Property Broadening Endorsement
- Manufacturing property broadening endorsement (adds or enhances 10 coverages)
- E-commerce endorsement
- Equipment breakdown
- Dependent properties
- Suite of general liability broadening coverages (add or enhance over 20 coverages)
- Global general liability endorsement
- Manufacturer's errors and omissions
- Products liability
In addition, we offer specialized products that offer manufacturers enhanced protection:
The Hanover Advantage
Our Manufacturing Advantage solution protects against the unique risks faced by manufacturing businesses. Unlock the Hanover Advantage:
- Significant experience — We have expert, local underwriting resources with national product claims and loss control services, all supported by regional experts.
- Competitive products — Our innovative and comprehensive product suite with business owner's policy and commercial package policy options can be designed to fit current and future needs, including:
- Industry-specific broadening endorsements
- Three coverage options for errors and omissions
- Total account solutions
- Dedicated claims team — Our claims teams have years of industry expertise and experience handling the unique types of claims manufacturers can face. We employ experts in the fields of water mitigation, subrogation, risk transfer, litigation management, nurse and legal analysis, accounting, and SIU.
- Risk management services to assist customers with safety procedure improvements, disaster preparedness and business continuity planning and training programs.
- Risk Solutions partnership with Hartford Steam Boiler, offering infrared testing, inspections and assistance sourcing replacements for damaged equipment for equipment breakdown policyholders
- Trusted partner — We have the support and financial strength of an "A" rated leading insurance carrier.
Property and casualty
Marine and industrial property
Management and professional liability