Technology
Information technology
Information technology
- Computer consultants
- Computer facilities management
- Computer repair and maintenance
- Computer systems integrators
- Computer training
- Custom computer programming
- Data processing services, hosting and related services
- Information technology staffing
- Packaged software development
- Software research and development
- Web search portals
- Website design
- Other computer-related services
Telecom
Telecom
- Cellular and other wireless telecommunications
- Internet service providers
- Other communication services
- Telecommunications service provider — rebillers and resellers only
Electronics manufacturing
Electronics manufacturing
Manufacturing of:
- Analytical laboratory instrument
- Audio/video equipment
- Automatic environmental control
- Cable TV equipment
- Camera and photo equipment (not lenses)
- Computer peripheral equipment
- Computer storage devices
- Computer terminals
- Electricity measuring and testing equipment
- Electronic capacitors
- Electronic connector
- Electronic component
- Fiber optic cable
- Home entertainment equipment
- Magnetic and optical recording media
- Measuring and/or controlling device
- Optical instruments and lens
- Photographic and photocopying equipment
- Printed circuit-assembly only
- Radio/TV broadcasting, and wireless communication equipment
- Semiconductor design
- Software reproducing
- Sound equipment
- Telephone apparatus
Additional capabilities
The following additional classes of technology companies focused on developing products, technologies and services to support life sciences can find solutions through our Hanover Life Sciences Advantage offering:
- Medical device manufacturing and distribution
- Pharmaceuticals
- Digital health, including telemedicine and healthcare information technology
- Contract research
Visit the SmallComm Solutions portal for detailed appetite information for small commercial technology risks.
Hanover Technology Professional and Cyber Advantage
Property
- Selection of base property broadening endorsements that add or enhance more than 65 coverages
- Add one of the technology property broadening endorsement below to a base property endorsement to further tailor industry-specific coverage.
|
Coverage |
Technology manufacturing property broadening endorsement 411-0817 |
Technology services property broadening endorsement 411-0818 |
Telecommunication services property broadening endorsement 411-0820 |
|---|---|---|---|
| Additional covered property | Included | Included | Included |
| Broadened business personal property | - | Included | Included |
| Business income — new product to market delay | $50,000 | $50,000 | $50,000 |
| Business income and expenses — research and development operations | Included | - | - |
| Business income and extra expense — dependent and interdependent properties | $150,000 | $150,000 | - |
| Contract cancelation | $100,000 | $100,000 | - |
| Extended warranty coverage | $50,000 | $50,000 | $50,000 |
| Installation | $25,000 | $25,000 | $25,000 |
| Mobile equipment — telecommunications | - | - | $25,000 |
| Portable electronic devices — worldwide | $50,000 | $50,000 | $50,000 |
| Processing water | $25,000 | - | - |
| Research and development operations — expenses | - | $250,000 | $250,000 |
| Research and development operations — extra expense | $250,000 | $250,000 | $250,000 |
| Theft of phone cards | - | - | $10,000 |
General liability
- Suite of general liability broadening coverage that add or enhance over 20 coverages
- Add the technology general liability broadening endorsement below to the base general liability broadening endorsement to further tailor coverage.
Commercial general liability enhancement endorsement – technology 421-2926 |
|||
|---|---|---|---|
| Coverage | Limits | Coverage | Limits |
|
Additional insured — broad form vendors |
Included |
Extended property damage |
Included |
|
Additional insured — employee and volunteer worker broadened bodily injury coverage |
Included |
Incidental malpractice (employed nurses, EMTs and paramedics) |
Included |
|
Aggregate limit per location |
Included |
Mobile equipment redefined |
Included |
|
Aircraft — non-owned hired, chartered or loaned with paid crew |
Included |
Product recall expense |
|
|
Alienated premises |
Included |
Personal injury — broad form |
Included |
|
Broad form named insured |
Included |
Property damage legal liability |
$1,000,000 |
|
Damage to product |
$50,000 |
||
Business Owner's Advantage
- The Hanover’s Business Owner’s Advantage, our BOP offering, provides a selection of base broadening endorsement to expand coverage for your tech clients
- Enhance coverage further with an industry-specific technology endorsement that can be added to a base broadening endorsement.
|
Property coverage |
Technology Silver 821-0085 (12/18) |
Technology Gold 821-0084 (12/18) |
Technology Platinum 821-0006 (12/18) |
|---|---|---|---|
| Business income — per diem option |
$1,000 per day aggregate $500 per day per technology professional 15-day limit |
$1,000 per day aggregate $500 per day per technology professional 15-day limit |
$1,000 per day aggregate $500 per day per technology professional 15-day limit |
| Catastrophe allowance | $5,000 | $10,000 | $25,000 |
| Commercial tools and small equipment |
n/a |
n/a |
$25,000 |
| Employee tools and work clothing |
$10,000 $2,500 per item |
$25,000 $2,500 per item |
$25,000 $2,500 per item |
| Extended business income | 180 days (includes rental value) | 180 days (includes rental value) | 180 days (includes rental value) |
| Installation | $25,000 |
$25,000 |
$50,000 |
| Newly acquired or constructed property— building | $525,000 for BPP | $525,000 for BPP | $1,000,000 for BPP |
| Newly acquired or constructed property— business income and extra expense | $525,000 for BPP | $525,000 for BPP | $1,000,000 for BPP |
| Newly acquired or constructed property— business personal property | $525,000 for BPP | $525,000 for BPP | $1,000,000 for BPP |
| Ordinance or law — increased period of restoration | $25,000 | $100,000 | $100,000 |
| Unnamed locations — business income and extra expense |
$50,000 aggregate $10,000 per occurrence |
$50,000 aggregate $10,000 per occurrence |
$50,000 aggregate $10,000 per occurrence |
| Unnamed locations — business personal property |
$25,000 aggregate $5,000 per occurrence |
$25,000 aggregate $5,000 per occurrence |
$25,000 aggregate $10,000 per occurrence |
| Utility services — overhead transmission lines | Includes overhead transmission lines | Includes overhead transmission lines | Includes overhead transmission lines |
Additional core coverage
Additional core coverage
Additional specialty coverage
Additional specialty coverage
Hanover Technology Advantage protects against the unique risks faced by tech companies of all sizes. Unlock the Hanover advantage.
Risk management services
We can assist your clients with safety procedure improvements, disaster preparedness and business continuity planning, and training programs.
Competitive products
Our innovative and comprehensive product suite provides business owner's policy and commercial package policy options designed to fit current and future needs, including:
- Technology-specific broadening endorsements
- Account-focused solutions
- Technology professional liability, combined with first- and third-party cyber coverage. Read more
Dedicated claims team
Our claims teams have years of industry expertise and experience handling the unique types of claims technology organizations can face. We employ experts in the fields of water mitigation, subrogation, risk transfer, litigation management, nurse and legal analysis, accounting, and SIU.
Significant experience
We have expert, local underwriting resources with national product claims and loss control services, all supported by regional experts.
Risk Solutions partnership
We partner with vendors who can offer specialized technology services, such as breach preparedness, media response plans, breach assessments, victim notification plans, and so much more.
Trusted partner
We offer the support and financial strength of an "A"-rated leading insurance carrier.
Additional capabilities
The following additional classes of technology companies focused on developing products, technologies and services to support life sciences can find solutions through our Hanover Life Sciences Advantage offering:
- Medical device manufacturing and distribution
- Pharmaceuticals
- Digital health, including telemedicine and healthcare information technology
- Contract research
Visit the SmallComm Solutions portal for detailed appetite information for small commercial technology risks.
Industry resources
Resources for you
Marketing materials
Equipment breakdown coverage overview
International coverage information sheet
Industry learning
The Hanover Accelerator program offers exclusive self-guided training designed to give you expertise in key growth industries, empowering you to better offer specialized insurance solutions for tech clients.
Sign up for The Hanover's Industry Accelerator for Technology
Resources for your customers
Our Risk Solutions program includes onsite and remote assessments, on-demand learning, self-service tools and custom action plans that address the complex demands and issues facing your tech clients.
Risk Solutions and claims services brochure
Cyber security eRisk hub® portal
See all of our Risk Solutions resources for tech companies
Customer tools
Let's start a conversation today
Contact a member of our business development team to learn more about our coverage and services, and how we can help you tailor a solution for you and your clients.
Property, casualty, errors and omissions
Will Lannuier
Regional Technology Director
714-415-3805
wlannuier@hanover.com
Southern California and North Pacific Regions
Amy Meller
Regional Technology Director
630-521-8474
ameller@hanover.com
Midwest and Great Lakes Regions
Jason Panagiotou
Regional Technology Director
508-855-3297
Jpanagiotou@hanover.com
Northeast, Metro and Mid-Atlantic Regions
Nick Paschal
Assistant Vice President/Regional Technology Director
214-403-1850
npaschal@hanover.com
Central and South Central Regions
John McLaughlin
Regional Technology Director
404-216-0784
jmclaughlin@hanover.com
Mid-Atlantic and Southeast Regions
Management liability
Greg Ketay
Vice President, Distribution Management
630-760-3045
gketay@hanover.com
Marine and industrial property
Chris Zaneski
Vice President, Distribution Management
240-638-5706
czaneski@hanover.com