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The Hanover Significantly Expands Offering for Small Business Owners


More comprehensive coverages provide broader protection; help business owners minimize emerging risks

WORCESTER, Mass., Sept. 29, 2016 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today demonstrated further commitment to supporting small businesses with significant enhancements to its business owner's policy (BOP) base form and product offerings, adding coverages and endorsements, introducing innovative equipment breakdown protection, and increasing limits to help independent insurance agents better serve their small business clients.

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The company has expanded its base BOP coverage offering by adding more than 10 new coverages to reduce the need for multiple endorsements and offer more comprehensive protection. In addition, the company increased limits for more than 30 other coverages and added new optional endorsements, offering coverage for things such as emergency event management and rebuilding expenses following a disaster to help agents customize their clients' insurance programs.

"Business owners' exposures continue to evolve," said Michael R. Keane, president of small commercial at The Hanover. "By embedding these expansive new coverages and increased limits into the BOP base form, we increased the protection for business clients, while making it easier for our agent partners to do business."

Some of the new protections included in the company's base form are coverages for:

  • Damage to items in storage units or detached trailers
  • Loss of money and securities caused by the fraudulent use of a computer or instruction directing a financial institution to debit an account
  • Damage as a result of a specified cause of loss, other than fire or lightning
  • Damage to paved surfaces
  • Loss or damage caused by tenants to a rented building
  • Loss or damage of a landlord's personal property in a rented building
  • Theft of telephone services, telephone credit cards or telephone access cards
  • Damage to underground pipes, flues and drains

With these enhancements, the company has introduced an industry-leading expanded equipment breakdown coverage to better address the evolving technology risks facing small businesses. This new coverage also will be automatically included on The Hanover's BOP, helping The Company's agent partners to provide state-of-the-art protection for their business clients.

These enhancements are now available for The Hanover's agent partners on policies with effective dates on or after Oct. 15. To learn more about The Hanover, please visit hanover.com.

The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to individuals, families, and businesses. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, the company offers specialized coverages for small and mid-sized businesses, as well as insurance protection for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. For more information, please visit hanover.com.


Emily P. Trevallion                    

Abby M. Clark





All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates ("The Hanover"). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about The Hanover visit our website at www.hanover.com.

©2016 The Hanover Insurance Group, Inc. All Rights Reserved.

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SOURCE The Hanover Insurance Group, Inc.

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