The Hanover Enhances Builders Risk Insurance Coverage

<p lede="true"><org value="NYSE:THG" idsrc="xmltag.org">The Hanover Insurance Group</org> reported it has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the needs of construction businesses nationwide.</p><p lede="true">"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 <person>Paul J. Butler</person>, 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," Butler added.</p><p>The company said that 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.</p><p>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."</p><p>Hanover Builders Risk is one of many offerings from The Hanover's portfolio of products across inland and ocean marine insurance. The company's products serve a variety of industries including construction, transportation/logistics, energy, and marina industries.</p><p><org value="NYSE:THG" idsrc="xmltag.org">The Hanover Insurance Group</org>, based in <location value="LU/us.ma.worstr" idsrc="xmltag.org">Worcester, Mass.</location>, is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the U.S.</p><p>More information:</p><p><a href="http://www.hanover.com/marine">www.hanover.com/marine</a></p><p><a href="http://www.hanover.com">www.hanover.com</a></p><p>((Comments on this story may be sent to <a href="mailto:[email protected]">[email protected]</a>)))</p>