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Hanover Hospitality Advantage – coverage review

You spend long hours making sure your guests sleep well. Now make sure you can sleep at night knowing you are fully protected against almost any business interruption or catastrophe. Compare The Hanover’s endorsements and optional coverages with your current policies and see how, in almost every category, The Hanover’s coverage provides superior value for your insurance dollar. These endorsements and options are available at a competitive price from your Hanover agent, who can review them with you in detail.

Hospitality-specific property coverage highlights

The Hanover’s property coverages include a selection of base property broadening endorsements — bronze, silver, gold, platinum — that add or enhance over 65 coverages. In addition, The Hanover’s optional hospitality property broadening endorsement adds or enhances 10 coverages. This chart compares how select property coverages stack up against the industry standard.

RISK EXPOSURE

THE HANOVER

INDUSTRY STANDARD

Alternative key systems

$100,000

Partial coverage

Customer reimbursement

$50,000

No coverage

Emergency evacuation expense

$25,000

No coverage

Guests’ property

$25,000

Must be purchased separately

Key replacement and lock repair

Limits up to $20,000

No coverage

Reservation systems (non affiliated) — worldwide

$100,000

No coverage

Coverages within automatic blanket limit

Limits up to $1,000,000

None

Accounts receivable

Included in blanket

Must be purchased separately

Fine arts

Included in blanket

Must be purchased separately

Fire department service charge

Included in blanket

$1,000

Movement of property

Included in blanket

No coverage

Outdoor property

Included in blanket

$1,000

Personal effects and property of others

Included in blanket

$2,500

Valuable papers and records

Included in blanket

$2,500

Spoilage on premises/in transit

$250,000/$25,000

Must be purchased separately

 

General liability coverage highlights

This chart compares how The Hanover’s general liability coverages stack up against the industry standard.

RISK EXPOSURE

THE HANOVER

INDUSTRY STANDARD

Hospitality services errors and omissions

Options of $100,000 or $250,000

No coverage

Liquor liability per location aggregate

Per location aggregate option

Shared aggregate limit

Medical payments for restaurants

Follows med-pay limit

No coverage

Inoculation for food related illness

$5,000

No coverage

Aggregate limit per location

Included in suite of general liability broadening coverages

Must be purchased separately

Blanket waiver of subrogation

Included in suite of general liability broadening coverages

Must be purchased separately

Broad form named insured

Included in suite of general liability broadening coverages

Must be purchased separately

Additional insured primary and non contributory

Included in suite of general liability broadening coverages

Must be purchased separately

 

Make a reservation today

Nobody knows more about designing coverage for today’s hospitality companies than your agent and the Hanover team. Call your Hanover agent today.

114-1022 (6/16)

No

Hanover Hospitality Advantage – coverage review

You spend long hours making sure your guests sleep well. Now make sure you can sleep at night knowing you are fully protected against almost any business interruption or catastrophe. Compare The Hanover’s endorsements and optional coverages with your current policies and see how, in almost every category, The Hanover’s coverage provides superior value for your insurance dollar. These endorsements and options are available at a competitive price from your Hanover agent, who can review them with you in detail.

Hospitality-specific property coverage highlights

The Hanover’s property coverages include a selection of base property broadening endorsements — bronze, silver, gold, platinum — that add or enhance over 65 coverages. In addition, The Hanover’s optional hospitality property broadening endorsement adds or enhances 10 coverages. This chart compares how select property coverages stack up against the industry standard.

RISK EXPOSURE

THE HANOVER

INDUSTRY STANDARD

Alternative key systems

$100,000

Partial coverage

Customer reimbursement

$50,000

No coverage

Emergency evacuation expense

$25,000

No coverage

Guests’ property

$25,000

Must be purchased separately

Key replacement and lock repair

Limits up to $20,000

No coverage

Reservation systems (non affiliated) — worldwide

$100,000

No coverage

Coverages within automatic blanket limit

Limits up to $1,000,000

None

Accounts receivable

Included in blanket

Must be purchased separately

Fine arts

Included in blanket

Must be purchased separately

Fire department service charge

Included in blanket

$1,000

Movement of property

Included in blanket

No coverage

Outdoor property

Included in blanket

$1,000

Personal effects and property of others

Included in blanket

$2,500

Valuable papers and records

Included in blanket

$2,500

Spoilage on premises/in transit

$250,000/$25,000

Must be purchased separately

 

General liability coverage highlights

This chart compares how The Hanover’s general liability coverages stack up against the industry standard.

RISK EXPOSURE

THE HANOVER

INDUSTRY STANDARD

Hospitality services errors and omissions

Options of $100,000 or $250,000

No coverage

Liquor liability per location aggregate

Per location aggregate option

Shared aggregate limit

Medical payments for restaurants

Follows med-pay limit

No coverage

Inoculation for food related illness

$5,000

No coverage

Aggregate limit per location

Included in suite of general liability broadening coverages

Must be purchased separately

Blanket waiver of subrogation

Included in suite of general liability broadening coverages

Must be purchased separately

Broad form named insured

Included in suite of general liability broadening coverages

Must be purchased separately

Additional insured primary and non contributory

Included in suite of general liability broadening coverages

Must be purchased separately

 

Make a reservation today

Nobody knows more about designing coverage for today’s hospitality companies than your agent and the Hanover team. Call your Hanover agent today.

114-1022 (6/16)