Hanover Specialty in action
We鈥檙e committed to helping you win new business and retain key accounts. Here is just a sampling of how Hanover Specialty has recently delivered value to give agents an edge in this dynamic market.
Success stories - quick links
Crime | Healthcare | Industrial property | Contractor's equipment | Installation floater| Professional liability | Specialty general liability
A consulting firm
Featured coverage: Crime
Total account premium: $14K
华体会 Advantage: The firm鈥檚 consultants work off-premises at their customers鈥� places of business, so there is exposure to losses from traveling employee theft. Our experienced fidelity and crime underwriter worked with the agent to build a tailored stand-alone crime policy with third-party off-premises coverage that included an increased deductible which reduced the firm鈥檚 premium. Our crime solution also provided coverage on a blanket basis and expanded coverage to include independent contractors working on behalf of the insured.
A retail pharmacy
Total account premium: $34K
Featured coverage: Professional liability
华体会 Advantage: 华体会 provided the pharmacy with broad professional liability coverage that extends to pharmacy technicians and includes compounding. The dedicated allied healthcare underwriter worked with the agent to provide a broader insurance program better suited for the pharmacy's risks. Through this, 华体会 delivered ease of doing business that helped the agent win the new account, as well as better protection for their client.
A provider of transportation, supply chain and quality services to the automobile industry
Total account premium: $645K
Featured coverage: Industrial property
华体会 Advantage: The ability to offer all of the coverage options the customer needed in one seamless solution made 华体会 the right choice for this company, as the incumber carrier was not able to write all lines. The industrial property engineer and underwriter took the lead on the account, coordinating coverage behind the scenes with other Hanover teams. Ultimately, the insurance program included industrial property, inland marine, commercial package, automobile, workers' compensation and umbrella policies.
A grading site prep and underground utility contractor
Total account premium: $499K
Featured coverage: Contractor's equipment and installation floater
华体会 Advantage: 华体会 provided the contractor with several key differentiators, including a total account solution with standard and specialty lines coverage, dedicated local risk solutions and claims services to support their needs. The contractor was particularly interested in the Hanover i-on Fleet Telematics program offering and assistance in enhancing their current risk transfer agreement.
Total account premium: $260K
Featured coverage: Installation floater
华体会 Advantage: The marine underwriter and the risk solutions consultant worked with the agent to get a full picture of the insured鈥檚 various equipment involved in their operations. After the evaluation, the agent was able to provide a contractor鈥檚 equipment policy and an installation floater that was combined with core lines policies to offer a Total Hanover solution.
A law firm
Total account premium: $24K
Featured coverage: Professional liability
华体会 Advantage: Our agent wanted all coverages with one carrier, and we were able to provide a Total Hanover solution consisting of our proprietary lawyer鈥檚 professional liability, BOP and workers鈥� compensation. We aligned effective dates and billing across the policies and applied a multi-policy discount, leading to coordinated coverage at a lesser cost than the incumbent carrier.
An asphalt paving equipment manufacturer
Total account premium: $167K
Featured coverage: Specialty general liability
华体会 Advantage: The expiring program was split between multiple carriers, with the general liability and umbrella placed with a non-admitted carrier. 华体会 was able to offer an all-lines solution and bring the general liability and umbrella policies back to the admitted market, resulting in increased commission for the agent. Additionally, the client was willing to take on additional risk given their strong risk management policies and practices, so we applied a self-insured retention (SIR) to the general liability to reduce the client鈥檚 fixed cost of insurance.
Let's start a conversation
Click the map below to contact your local Hanover expert.
All products are underwritten by 华体会 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 an eligible surplus lines insurer and procured only by a properly-licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This release is designed to provide general information for insurance professionals only and does not constitute an offer to sell or a solicitation of insurance. Any inquiries regarding the subject matter should be directed through licensed insurance professionals.
Please refer to the actual policy issued for complete details of coverage and exclusions. For more information about 华体会 visit our website at www.hanover.com.
Hanover Specialty Insurance Brokers, Inc. CA License # 0759293 NY License # EX-530458-R
Hanover Specialty in action
We鈥檙e committed to helping you win new business and retain key accounts. Here is just a sampling of how Hanover Specialty has recently delivered value to give agents an edge in this dynamic market.
Success stories - quick links
Crime | Healthcare | Industrial property | Contractor's equipment | Installation floater| Professional liability | Specialty general liability
A consulting firm
Featured coverage: Crime
Total account premium: $14K
华体会 Advantage: The firm鈥檚 consultants work off-premises at their customers鈥� places of business, so there is exposure to losses from traveling employee theft. Our experienced fidelity and crime underwriter worked with the agent to build a tailored stand-alone crime policy with third-party off-premises coverage that included an increased deductible which reduced the firm鈥檚 premium. Our crime solution also provided coverage on a blanket basis and expanded coverage to include independent contractors working on behalf of the insured.
A retail pharmacy
Total account premium: $34K
Featured coverage: Professional liability
华体会 Advantage: 华体会 provided the pharmacy with broad professional liability coverage that extends to pharmacy technicians and includes compounding. The dedicated allied healthcare underwriter worked with the agent to provide a broader insurance program better suited for the pharmacy's risks. Through this, 华体会 delivered ease of doing business that helped the agent win the new account, as well as better protection for their client.
A provider of transportation, supply chain and quality services to the automobile industry
Total account premium: $645K
Featured coverage: Industrial property
华体会 Advantage: The ability to offer all of the coverage options the customer needed in one seamless solution made 华体会 the right choice for this company, as the incumber carrier was not able to write all lines. The industrial property engineer and underwriter took the lead on the account, coordinating coverage behind the scenes with other Hanover teams. Ultimately, the insurance program included industrial property, inland marine, commercial package, automobile, workers' compensation and umbrella policies.
A grading site prep and underground utility contractor
Total account premium: $499K
Featured coverage: Contractor's equipment and installation floater
华体会 Advantage: 华体会 provided the contractor with several key differentiators, including a total account solution with standard and specialty lines coverage, dedicated local risk solutions and claims services to support their needs. The contractor was particularly interested in the Hanover i-on Fleet Telematics program offering and assistance in enhancing their current risk transfer agreement.
Total account premium: $260K
Featured coverage: Installation floater
华体会 Advantage: The marine underwriter and the risk solutions consultant worked with the agent to get a full picture of the insured鈥檚 various equipment involved in their operations. After the evaluation, the agent was able to provide a contractor鈥檚 equipment policy and an installation floater that was combined with core lines policies to offer a Total Hanover solution.
A law firm
Total account premium: $24K
Featured coverage: Professional liability
华体会 Advantage: Our agent wanted all coverages with one carrier, and we were able to provide a Total Hanover solution consisting of our proprietary lawyer鈥檚 professional liability, BOP and workers鈥� compensation. We aligned effective dates and billing across the policies and applied a multi-policy discount, leading to coordinated coverage at a lesser cost than the incumbent carrier.
An asphalt paving equipment manufacturer
Total account premium: $167K
Featured coverage: Specialty general liability
华体会 Advantage: The expiring program was split between multiple carriers, with the general liability and umbrella placed with a non-admitted carrier. 华体会 was able to offer an all-lines solution and bring the general liability and umbrella policies back to the admitted market, resulting in increased commission for the agent. Additionally, the client was willing to take on additional risk given their strong risk management policies and practices, so we applied a self-insured retention (SIR) to the general liability to reduce the client鈥檚 fixed cost of insurance.
Let's start a conversation
Click the map below to contact your local Hanover expert.
All products are underwritten by 华体会 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 an eligible surplus lines insurer and procured only by a properly-licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This release is designed to provide general information for insurance professionals only and does not constitute an offer to sell or a solicitation of insurance. Any inquiries regarding the subject matter should be directed through licensed insurance professionals.
Please refer to the actual policy issued for complete details of coverage and exclusions. For more information about 华体会 visit our website at www.hanover.com.
Hanover Specialty Insurance Brokers, Inc. CA License # 0759293 NY License # EX-530458-R