Source: Hanover Insurance – Contractor Insurance
Hanover Insurance: General Contractors Insurance Appetite
Hanover handles small to mid-size contractors well in their Northeast territory. Their construction program is competent but not as deep as Liberty Mutual or Travelers. Best for residential remodelers, small commercial GCs, and specialty trade contractors in New England and Mid-Atlantic states.
Available Lines
| Line of Business |
|---|
| General Liability |
| Workers' Compensation |
| Commercial Auto |
| Inland Marine |
| Builders Risk |
| Umbrella/Excess |
Premium Range
$3,500-$20,000
Typical annual premium
Target States
36 states (strongest in Northeast and Mid-Atlantic)
Key Features
- GL program for residential and light commercial contractors
- Builders risk for projects up to $10M in value
- Inland marine for tools, equipment, and contractors' equipment floaters
- Workers' comp with construction safety programs
- Blanket additional insured endorsements available
Limitations
- Heavy civil and infrastructure contractors are excluded
- Not available in 14 states – limited geographic reach
- Demolition and asbestos abatement contractors are declined
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