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Commercial Property

The Hanover’s suite of property coverage offerings is designed to help fully protect your Commercial Package Property (CPP) and Monoline Property clients against costly catastrophes and business interruptions.

Coverage Description

Our selection of tiered base property broadening endorsements – Bronze, Silver, Gold, and Platinum – allow you to choose the level of basic coverage that best aligns with your clients’ account size and business needs. The base property broadening endorsements, consist of over 65 coverages and enhancements with many amendable limits, including Worldwide Property Off Premises, Unnamed Locations and Movement of Property.

Industry-specific endorsements with many amendable limits can be added to the base property broadening endorsements, allowing you to further customize coverage for your clients. Our industry-specific endorsements include:

Specialized coverage endorsements help you solve for more challenging exposures that aren’t common to all clients in an industry, including:

  • Valuation of Wine Stock
  • Unique Building Feature Valuation
  • Beer Leakage
  • Restrictive Zoning

Base Property Broadening Endorsements Comparison

Coverages

Blanket Limit/Coverages

Bronze

25,000

Silver

250,000

Gold

500,000

Platinum

1,000,000
Accounts Receivable Included in Blanket Included in Blanket Included in Blanket Included in Blanket
Additional Covered Property Included Included Included Included
Brands and Labels Included Included Included Included
Broadened Building Coverage Included Included Included Included
Broadened Business Personal Property Included Included Included Included
Building Limit - Inflation Guard Included Included Included Included
Business Income and EE from Dependent Properties n/a 100,000 150,000 250,000
Catastrophe Allowance Coverage n/a 25,000 50,000 50,000
Computer and Funds Transfer Fraud 5,000 10,000 15,000 25,000
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 Included in Blanket Included in Blanket Included in Blanket
Denial of Access to Premises Included Included Included Included
E-Commerce 2,500 5,000 10,000 25,000
Electronic Data Processing Equipment Included Included Included Included
Employee Theft Including ERISA Compliance 10,000 50,000 100,000 150,000
Employee Tool and Work Clothing 5,000 10,000 25,000 25,000
Expediting Expenses 10,000 25,000 50,000 50,000
Extended Business Income n/a 90 Days 180 Days 180 Days
Extended Coverage on Property 1,000 Feet 2,000 Feet 2,000 Feet 2,000 Feet
Extra Expense 25,000 50,000 300,000 300,000
Fine Arts Included in Blanket Included in Blanket Included in Blanket Included in Blanket
Fire Department Service Charge Included in Blanket Included in Blanket Included in Blanket Included in Blanket
Fire Protection Equipment Recharge Included Included Included Included
Food Contamination Coverage 5,000 10,000 25,000 25,000
Food Contamination Additional Advertising Expense 3,000 3,000 3,000 3,000
Forgery and Alteration 5,000 30,000 30,000 50,000
Foundations and Underground Pipes n/a Included Included Included
International Air Shipments 10,000 25,000 50,000 50,000
Inventory & Loss Appraisal 25,000 100,000 250,000 300,000
Key Replacement and Lock Repair 5,000 15,000 20,000 20,000
Lease Cancellation 5,000 25,000 50,000 50,000
Leasehold Interests - Tenants 25,000 50,000 150,000 250,000
Marring and Scratching Included Included Included Included
Money & Securities 5,000 10,000 25,000 50,000
Money Orders and Counterfeit Money 5,000 10,000 25,000 50,000
Movement of Property Included in Blanket Included in Blanket Included in Blanket Included in Blanket
Newly Acquired or Constructed Property - Building 500,000 1,000,000 2,000,000 2,000,000
Newly Acquired - Business Personal Property 250,000 500,000 1,000,000 1,000,000
Newly Acquired Locations - Business Income & Extra Expense 100,000 250,000 250,000 250,000
Newly Acquired - 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 100,000 300,000 500,000 500,000
Outdoor Property  Included in Blanket  Included in Blanket  Included in Blanket  Included in Blanket 
Personal Effects and Property of Others Included in Blanket Included in Blanket Included in Blanket Included in Blanket
Pollutant Cleanup 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
Property in Transit 25,000 50,000 100,000 150,000
Property Off Premises 25,000 100,000 150,000 200,000
Prototypes Included Included Included Included
Research and Development Documentation Included In Blanket Included in Blanket Included in Blanket Included in Blanket
Reward - Arson, Theft, Vandalism 5,000 50,000 75,000 100,000
Sales Representative Samples 10,000 25,000 25,000 50,000
Seasonal Increase - Business Personal Property Included Included Included Included
Sewer Backup n/a 100,000 Included Included
Soft Costs 5,000 10,000 25,000 50,000
Temporary Relocation of Property  25,000 50,000 100,000 100,000
Tenant Glass 5,000 10,000 15,000 25,000
Tenant Relocation 5,000 25,000 50,000 50,000
Theft Damage to Building Included Included Included Included
Transit Business Income and Extra Expense 5,000 50,000 75,000 100,000
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 Included in Blanket Included in Blanket Included in Blanket
Voluntary Parting 10,000 25,000 50,000 100,000
Water Damage, Other Liquids, Powder, Molten Material Damage n/a 25,000 50,000 50,000
Windblown Debris 2,500 5,000 10,000 10,000
Worldwide Property Off Premises 10,000 45,000 75,000 100,000

Industry-Specific Endorsements

These endorsements provide industry-specific coverage options and are offered in combination* with the Bronze, Silver, Gold, or Platinum Base Property Broadening Endorsements.

* The Condominium endorsement cannot be combined with a base property broadening endorsement.

Cultural Institutions Property Broadening Endorsement 411-0811
Coverage Limits Coverage Limits

Automated External Defibrillators

$5,000

Realty Tax

$50,000

Broadened Business Personal Property

Included

Research Expense for Fine Arts

$25,000

Fundraiser Business Income

$50,000

Spoilage – On Premises
Spoilage – In Transit

$50,000
$10,000

Paved Surfaces

$50,000

Broadened Valuation Clause

Included



Assisted Living and Nursing Home Property Broadening Endorsement 411-0802
Coverage Limits Coverage Limits

Automated External Defibrillators

$5,000

Personal Effects of Residents

$25,000

Disease Contamination

$25,000

Residents Money and Securities

$5,000

Emergency Evacuation Expense

$25,000

Broadened Valuation Clause

Included



Condominium Property Broadening Endorsement 411-0795 (stand-alone endorsement)
Coverage Limits Coverage Limits

Additional Covered Property

Included

Newly Acquired/Constructed Property – Building
Newly Acquired – Business Personal Property

$1,000,000
$500,000

Alternate Key Systems

$100,000

Newly Acquired Locations – BI/EE

$250,000

Brands & Labels

Included

Non-Owned Detached Trailers

$25,000

Broadened Building Coverage

Included

Ordinance or Law

$300,000

Broadened Business Personal Property Coverage

Included

Paved Surfaces

$50,000

Building Limit – Inflation Guard

Included

Pollutant Clean-Up and Removal

$50,000

BI/EE from Dependent Properties

$100,000

Preservation of Property

90 days

Catastrophe Allowance

$25,000

Preservation of Property — Expense

$25,000

Computer and Funds Transfer Fraud

$10,000

Property in Transit

$50,000

Consequential Loss to Stock

Included

Property Off Premises

$100,000

Contract Penalties

$25,000

Prototypes

Included

Debris Removal

$100,000

Realty Tax

$75,000

Denial of Access to Premises

Included

Retail Anchor Store – Business Income

$150,000

E-Commerce

$5,000

Rewards — Arson, Theft, Vandalism

$50,000

Electronic Data Processing Equipment

Included

Sales Representatives Samples

$25,000

Emergency Evacuation Expense

$25,000

Seasonal Increase — Business Personal Property

Included

Employee Theft including ERISA Compliance

$50,000

Sewer Backup

$100,000

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

Tenant Glass

$10,000

Extended Coverage on Property — w/in 2,000 feet

Included

Tenant Relocation

$25,000

Extra Expense

$50,000

Tenant Replacement Expense

$50,000

Fire Protection Equipment Recharge

Included

Theft Damage to Building

Included

Food Contamination
– Including Additional Advertising Expense

$10,000
$3,000

Transit Business Income & Extra Expense

$50,000

Forgery & Alteration

$30,000

Undamaged Tenants Improvements & Betterments

$25,000

Foundations & Underground Pipes

Included

Underground Water Seepage

$25,000

International Air Shipments

$25,000

Unintentional Property Reporting Errors

$500,000

Inventory & Loss Appraisal

$100,000

Unnamed Locations

$100,000

Key Replacement & Lock Repair

$15,000

Utility Services – Direct Damage
Utility Services – Business Income

$50,000
$50,000

Lease Cancellation

$25,000

Voluntary Parting

$25,000

Leasehold Interest – Tenants

$50,000

Water Damage, Other Liquids, Powder or Molten Material Damage

$25,000

Marring & Scratching

Included

Windblown Debris

$5,000

Money & Securities

$10,000

Worldwide Property Off-Premises

$45,000

Money Orders & Counterfeit Money

$10,000

 

 

Coverages 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 & Property of Others, Research & Development Documentation, Valuable Papers & Records (other than Electronic Data)



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

Emergency Evacuation Expense

$25,000

Real Property of Others Required by Contract

$5,000

Fundraiser Business Income

$50,000

Special Settlement Provisions
- Agreed Amount Coverage (Losses <=$25,000)
- Replacement Cost – Leased Personal Property

 

Included
Included

Glass Showcases

$2,500

Spoilage – On Premises
Spoilage – In Transit

$25,000
$5,000



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

 

 



Eldercare Property Broadening Endorsement 411-0813
Coverage Limits Coverage Limits

Automated External Defibrillators

$5,000

Off Premises Physicians Tools & Equipment

$15,000

Disease Contamination

$25,000

Personal Effects of Residents

$25,000

Emergency Evacuation Expense

$25,000

Residents Money and Securities

$5,000

Loss Settlement Option – Business Income

15 days

Broadened Valuation Clause

Included

Medical Hazardous Waste and Radioactive Cleanup

$30,000

 

 



Fuel Oil Dealers Property Broadening Endorsement 411-0819
Coverage Limits Coverage Limits

Broadened Building Coverage

Included

Product Contamination

$25,000

Damage to Liquid Products Due to Misdelivery

$25,000

Terminal Access Card or Key

$25,000

Fuel Oil Cleanup and Removal – Fuel Oil Delivery

$25,000

Tools and Equipment

$5,000



Hospitality Property Broadening Endorsement 411-0801
Coverage Limits Coverage Limits

Alternative Key Systems

$100,000

Paved Surfaces

$50,000

Automated External Defibrillators

$5,000

Reservation Systems (Nonaffiliated) – Worldwide

$100,000

Customer Reimbursement

$50,000

Spoilage – On Premises
Spoilage – In Transit

$250,000
$25,000

Emergency Evacuation Expense

$25,000

Broadened Valuation Clause

Included

Guests Property

$25,000

 

 



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 Conventions, 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

Broadened Valuation Clause

Included



Manufacturing Property Broadening Endorsement 411-0815
Coverage Limits Coverage Limits

Additional Covered Property

Included

Product Adulteration and Contamination

$50,000

Contract Cancellation

$100,000

Research & Development Expenses

$250,000

Extended Warranty Coverage

$75,000

Research & Development – Extra Expense

$250,000

Molds, Dies, Patterns and Plates

Included

Spoilage – On Premises
Spoilage – In Transit

$100,000
$10,000

Processing Water

$50,000

Broadened Valuation Clause

Included



Medical Facilities Property Broadening Endorsement 411-0822
Coverage Limits Coverage Limits

Automated External Defibrillators

$5,000

Off Premises Physicians Tools & Equipment

$15,000

Disease Contamination

$25,000

Personal Effects of Patients

$25,000

Emergency Evacuation Expense

$25,000

Patients Money and Securities

$5,000

Loss Settlement Option – Business Income

15 days

Broadened Valuation Clause

Included

Medical Hazardous Waste and Radioactive Cleanup

$30,000

 

 



Moving & Storage Property Broadening Endorsement 411-0816
Coverage Limits Coverage Limits

Mobile Equipment – Moving & 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
$10,000

Warehouse Receipts Forgery or Alteration

$5,000

Uncollectable Accrued Storage Charges

$20,000

Broadened Valuation Clause

Included



Real Estate Property Broadening Endorsement 411-0800
Coverage Limits Coverage Limits

Alternative Key Systems

$100,000

Realty Tax

$75,000

Emergency Evacuation Expense

$25,000

Retail Anchor Store – Business Income

$150,000

Extended Business Income

365 days

Tenant Replacement Expense

$50,000

Paved Surfaces

$50,000

Broadened Valuation Clause

Included



Religious Institutions Property Broadening Endorsement 411-0799
Coverage Limits Coverage Limits

Amended Loss Condition – Vacancy

Included

Legal Liability

$500,000

Automated External Defibrillators

$5,000

Money & Securities (Peak Season for Religious Holidays)

$50,000

Broadened Building Coverage

Included

Personal Effects of Clergy

$50,000

Dwelling Coverage Extensions

ALS

Special Settlement Provisions
- Agreed Amount Coverage (Losses <=$25,000)
- Replacement Cost – Leased Personal Property

 

Included
Included

Fundraiser Business Income

$50,000

Spoilage – On Premises
Spoilage – In Transit

$10,000
$1,000

Glass Showcases

$2,500

Broadened Valuation Clause

Included



Sports and Fitness Property Broadening Endorsement 411-0809
Coverage Limits Coverage Limits

Automated External Defibrillators

$5,000

Business Income and Extra Expense Extended to Membership Values

Included

Broadened Building Coverage

Included

Money & Securities – Health Club Members and Guests on Premises

$5,000

Broadened Business Personal Property

Included

Personal Effects of Health Club Members and Guests Personal Property on Premises

$10,000

Business Income and Extra Expense – Off Premises Events Cancellation

$50,000

Broadened Valuation Clause

Included



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

Research & Development Expenses

$250,000

Business Income – New Product to Market Delay

$50,000

Research & Development – Extra Expense

$250,000

Extended Warranty Coverage

$50,000

Theft of Phone Cards

$10,000

Installation

$25,000

Worldwide Laptop Coverage

$50,000



Technology Manufacturing Property Broadening Endorsement 411-0817
Coverage Limits Coverage Limits

Additional Covered Property

Included

Installation

$25,000

Business Income – New Product to Market Delay

$50,000

Processing Water

$25,000

Business Income & Expenses – Research & Development

Included

Research & Development – Extra Expense

$250,000

Contract Cancellation

$100,000

Worldwide Laptop Coverage

$50,000

Extended Warranty Coverage

$50,000

 

 



Technology Services Property Broadening Endorsement 411-0818
Coverage Limits Coverage Limits

Additional Covered Property

Included

Installation

$25,000

Broadened Business Personal Property

Included

Research & Development Expenses

$250,000

Business Income – New Product to Market Delay

$50,000

Research & Development – Extra Expense

$250,000

Contract Cancellation

$100,000

Worldwide Laptop Coverage

$50,000

Extended Warranty Coverage

$50,000

 

 




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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 a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. 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.