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Hanover small commercial auto broadening endorsement
Most businesses like yours need important insurance protection that is often limited or excluded from the standard commercial auto policy. The Hanover’s Commercial Auto Broadening Endorsement provides extended and expanded coverage on top of your current commercial auto policy — up to 24 important coverages that will give you peace of mind knowing you’re well protected. The good news is our Hanover endorsements cost a fraction of what it would cost your business to purchase these important coverages separately.
Summary of coverages
| COVERAGE | DESCRIPTION |
|---|---|
| Airbag coverage | Provides coverage for the accidental discharge of the airbag |
| Audio, visual and data electronic equipment | Up to $500 for permanently installed audio, visual, or data electronic equipment |
| Auto lease physical damage extension | Provides lease gap coverage |
| Auto loan physical damage extension | Provides coverage for the difference between the actual cash value on a vehicle, and the outstanding principle loan balance |
| Blanket waiver of subrogation | Clarifies that the Insured can waive our rights of recovery from others prior to a loss |
| Bodily injury redefined | Bodily injury is redefined to include mental anguish resulting from bodily injury |
| Broadening named insured | Automatic coverage until the end of the policy period for newly acquired organizations where the Insured has controlling interest |
| Cancellation | Extended to 60 days, except non-payment of premium (not available in Ohio, Pennsylvania, and Massachusetts |
| Employees as insured | Any employee is an Insured while using a covered auto not owned, hired, or borrowed for business or personal affairs |
| Employee hired auto | Amends symbol eight to include autos that employees hire at the Insured’s direction for the purposes of conducting business |
| Expense of returning a stolen vehicle | We will pay for the expense of returning a stolen covered auto to you |
| Fellow employee exclusion | For bodily injury arising from the use of a covered auto that the business owns or hires |
| Glass breakage deductible | Waives the deductible, if the glass is repaired instead of replaced (not available in Massachusetts |
| Hired auto physical damage | Included for a limit of $50,000 |
| Hired auto — worldwide coverage | Worldwide hired auto coverage for 30 days |
| Knowledge of an accident | Clarifies that knowledge of an accident, claim, suit, or loss will be considered knowledge by the Insured if reported to an individual named Insured, Partner, Executive Officer or an Employee designated by you to give us such a notice |
| Pricing and availability | Varies by state and number of vehicles |
| Rental reimbursement & material transfer expense | Coverage for rental reimbursement expense for up to 60 days and a limit of $3,000. Coverage is also included for the expense to remove and transfer the Insured’s equipment and material from the covered auto, which was involved in the loss |
| Sign coverage | Up to $2,000 for signs, murals, and paintings on vehicles |
| Supplemental payments | Bail bonds are increased to $2,500 and Insured’s loss of earnings are increased to $500 |
| Transportation expense | Temporary transportation expenses of $50 a day, up to $1,500, when the Insured’s covered private passenger auto is stolen |
| Unintentional failure to disclose information | Unintentional failure to disclose information will not prejudice the Insured’s rights under the commercial auto form |
Commercial auto new products
| Auto theft reward 461-0385 | Auto theft reward limit of $2,000 |
|---|---|
| Broadening towing and labor 461-0384 | Towing limits of $50, $100 and $250. Apply to private passenger and other vehicle types |
Questions?
Contact your local Hanover agent who has the answers and can help you with any unique situation.
113-1139 (3/14) LC 10-291