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. ��’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