Offering more flexible, comprehensive coverages to better meet the needs of construction businesses
Worcester-based insurer, The Hanover, announced this week that it has re-designed its Hanover’s Builders Risk insurance coverage for the construction business. The rebooted Hanover’s Builders Risk has been enhanced in order to provide more flexible and comprehensive coverages for construction businesses across the country. “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,” explained Paul J. Butler, president of marine insurance at The Hanover
“With an improving economy comes renewed commercial and residential building activity, creating tremendous opportunity for our agents and a great solution for construction firms,” he added. “Hanover’s 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.
According to the company, the newly enhanced Builders Risk is now one of the broadest coverage forms in the industry. It can be tailored to any number of construction needs, including the following:
- single properties;
- blanket policies; and
- new construction and renovations.
Overall, it can provide Hanover agents will a higher level of flexibility in order to provide a “best-in-class” insurance coverage to a client’s individual needs and budgets. The Hanover is also now providing a dedicated marine claims staff that can provide construction expertise “…with high-touch service and offers risk management and loss control services that are directly relevant to construction businesses.”
Agents interested in learning more about The Hanover’s Builders Risk can learn more at The Hanover’s Marine and Inland Insurance Division. The Hanover is in the Top 20 Marine and Inland Insurance Carriers in Massachusetts.