The Hanover Insurance Group Inc. has significantly enhanced its business owner’s policy (BOP) base form and product offerings, adding coverages and endorsements, introducing equipment breakdown protection, and increasing limits to help independent insurance agents better serve their small business clients.
Worcester, Mass-based The Hanover said it has added more than 10 new coverages to its BOP base form 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.
Some of the additions included in the company’s base form include:
These enhancements are now available for The Hanover’s agent partners on policies with effective dates on or after Oct. 15.
Source: The Hanover Insurance Group