Source: Hanover Insurance – Commercial Auto
Hanover Insurance: Trucking Insurance Appetite
Hanover is not a trucking market. They can handle local delivery vehicles and small private fleets as part of a broader account, but for-hire trucking needs Progressive or specialty trucking carriers. The limited geographic footprint makes them even less suitable for interstate trucking operations.
Available Lines
| Line of Business |
|---|
| Commercial Auto |
| General Liability |
| Workers' Compensation |
| Physical Damage |
Premium Range
$5,000-$18,000
Typical annual premium
Target States
36 states (strongest in Northeast and Mid-Atlantic)
Key Features
- Commercial auto for local delivery and private fleet operations
- Physical damage coverage for owned trucks and trailers
- Workers' comp for drivers in their operating territory
- Can handle small fleets as part of broader commercial accounts
Limitations
- For-hire long-haul trucking is generally declined
- No motor truck cargo coverage available
- New venture trucking companies are excluded
- Limited geographic reach reduces usefulness for interstate operations
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$5,000-$25,000+
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$8,000-$60,000
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$6,000-$20,000
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