Source: Hanover Insurance – Manufacturing Insurance
Hanover Insurance: Manufacturing Insurance Appetite
Hanover handles light to medium manufacturing in their territory – plastics, electronics assembly, consumer goods, and specialty food production. Their equipment breakdown coverage adds value for manufacturers with significant machinery. For heavy industrial manufacturing, Liberty Mutual or CNA will offer broader programs.
Available Lines
| Line of Business |
|---|
| General Liability |
| Commercial Property |
| Workers' Compensation |
| Commercial Auto |
| Inland Marine |
| Equipment Breakdown |
| Umbrella/Excess |
Premium Range
$4,000-$18,000
Typical annual premium
Target States
36 states (strongest in Northeast and Mid-Atlantic)
Key Features
- Property coverage with equipment breakdown for manufacturing facilities
- Product liability included in GL for manufactured goods
- Workers' comp with safety engineering and loss control
- Inland marine for goods in transit and materials on job sites
- Competitive rates for light to medium manufacturing
Limitations
- Chemical processing and hazardous materials manufacturing excluded
- Not available in 14 states – geographic limitations
- Heavy industrial operations over $25M revenue need individual underwriting
Compare Other Carriers for Manufacturing
$4,000-$15,000
$10,000-$75,000
$10,000-$80,000
$500-$4,000
$1,500-$8,000
$8,000-$75,000
$3,000-$20,000
$5,000-$50,000
$5,000-$40,000
$3,000-$20,000
$3,000-$25,000
$3,000-$15,000
$2,000-$15,000
$4,000-$18,000
$5,000-$25,000
$6,000-$30,000
$4,500-$22,000
$4,000-$20,000
$3,000-$20,000
$5,000-$50,000
Not available
$8,000-$100,000
$5,000-$100,000
$1,000-$10,000
$8,000-$60,000