The Hanover Enhances Builders Risk Coverage

WORCESTER, Mass., May 5, 2015 --The Hanover Insurance Group, Inc. has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the needs of construction businesses nationwide. 

"With an improving economy comes renewed commercial and residential building activity, creating tremendous opportunity for our agents and a great solution for construction firms," said Paul J. Butler, president of marine insurance at The Hanover.

"Hanover Builders Risk is designed to help our independent agents serve the unique needs of construction businesses with a combination of specialized underwriting expertise, customizable options, and responsive support," he added.

Hanover Builders Risk now offers one of the broadest coverage forms in the industry. The forms can be used for a variety of construction needs, including single properties, blanket policies, new construction and renovations, giving agents the flexibility to tailor best-in-class insurance coverage to meet their clients' individual needs and budgets. The company also has a dedicated marine claims staff that provides construction expertise with high-touch service and offers risk management and loss control services that are directly relevant to construction businesses. 

Butler added, "This enhanced product is the result of our company working closely with construction businesses and agents to develop a single coverage form that makes the complexities of a builder's insurance risks easy to understand and customize."

Hanover Builders Risk is one of many offerings from The Hanover's broad portfolio of unique products across inland and ocean marine insurance. The company's products serve a wide variety of industries including construction, transportation/logistics, energy, and marina industries. As a top 10 marine carrier, The Hanover's new robust builders risk capabilities further advance the company's position as a leader in marine insurance.