Hanover Specialty Industrial is offering interested agents the opportunity to grow their business in the manufacturing industry through expanded offerings to manufacturers, wholesalers and distributors.
“With more businesses investing in productivity improvements and innovation, there has been a revival of manufacturing companies in North America, creating an opportunity for independent agents,” said Andre Krutainis, president, Hanover Specialty Industrial. “Hanover Specialty Industrial offers its agent partners a depth of expertise and unique capabilities to provide their high-hazard industrial clients with property, general liability, products liability, pollution, and excess liability—all through a single source.” With this move, Hanover Specialty Industrial also says it can now offer access to environmental liability protection to help protect industrial businesses against a growing number of environmental risks.
Through a two-prong approach, the company first will provide property coverage on an admitted basis to companies with sprinkler protection systems in place. Then a dedicated team within the group will offer other coverages through partnerships with specialty carriers, enabling agents to meet all the unique needs of industrial customers, whether they have sprinkler protection systems in place or not.
Currently, Hanover Specialty Insurance currently includes 30 plus classes of businesses to which they provide primary insurance coverage. These include manufacturers, wholesalers and distributors of flammable and combustible chemicals, mattresses, furniture, plastics, perfumes, cosmetics, and lotions, as well as rubber/tire products, re-cyclers, janitorial supply companies, and pesticide companies, among others.
Timm Marini, president and principal, FieldEddy, Inc. is already a fan. “As an independent agency deeply rooted in New England, there are many opportunities for FieldEddy to provide solutions to industrial businesses—from mills to rollercoaster manufacturers. In the past, we have had to insure these risks through a secondary market. Since we began working with Hanover Specialty Industrial last fall, the team has found solutions for several unique risks, helping us to be more competitive in this tough market.”
Interested agents should contact Hanover Specialty Industrial directly to learn more about this new initiative.