Hanover offering industrial property product

The Hanover Insurance Group on Monday launched Hanover Specialty Industrial Property Advantage, an admitted property product designed for small to mid-sized businesses that manufacture, blend, distribute, warehouse or transport high-hazard products and materials.

Typical capacity can be from $25 million to $75 million per location. There is a $10,000 minimum premium and a $5,000 minimum deductible.

Key features include building and business personal property coverage and business income and extra expense coverage.

The policy also offers 12 broadened coverages and 19 new protections, such as appurtenant structures, non-owned detached trailers and windblown debris.

Amended limits of insurance and deductibles endorsement are available, allowing for increased limits and deductibles across all locations or at specific locations.

HSIP Advantage is available for new business effective Oct. 1, 2025, and renewal business Feb. 1, 2026.