Construction
Accidents, project delays and unhappy clients are potential risks for contractors. Hanover Contractors Advantage offers top-rated coverage at competitive rates.

Hanover Contractors Advantage targets contractors who are committed to job safety, willing to manage risk and understand the benefits of a long-term relationship in controlling loss costs.

We target a wide range of commercial general contractors, heavy construction and trade contractors. It is important to note our appetite for construction varies by state, size of risk and line of business. Please contact your local underwriter to discuss specific opportunities. 

The appetite below outlines target classes for construction risks.

General contractors

General contractors

  • Commercial: Office, retail, hospitality, warehouses, banks, data centers
  • Industrial building construction
  • Institutional: Schools, medical facilities, places of worship, museums, libraries, laboratories
  • Public works

Heavy construction

Heavy construction

  • Communication lines and related structures
  • Irrigation or drainage system construction
  • Street, road and secondary bridge construction
  • Sanitary and storm sewer, water or steam mains

Trade contractors - interior

Trade contractors - interior

  • Carpentry
  • Electrical/wiring installation
  • Flooring
  • Furniture or fixture installation
  • Plumbing, heating, and air conditioning
  • Refrigeration systems
  • Masonry

 

    Trade contractors - exterior

    Trade contractors - exterior

    • Framing
    • Fence erection
    • Non-structural sign erection
    • Machinery installation
    • Concrete work
    • Excavation/grading of land
    • Site preparation

     

    Not in appetite

    • Dam or reservoir construction
    • Dredging
    • Environmental remediation
    • Pipeline—oil, petroleum, or gas transmission structures and piping
    • Power line and related structure construction
    • Residential building construction

     

    Visit the SmallComm Solutions portal for detailed appetite information for small commercial construction risks. Visit Hanover Specialty Excess & Surplus to see classes eligible for non-admitted coverage.

    Property and general liability

    Property

    Selection of base property broadening endorsements that add or enhance more than 65 coverages

    Coverage


    Blanket limit/coverage

    Bronze
    411-0791

    $25,000

    Silver
    411-0792

    $250,000

    Gold
    411-0793

    $500,000

    Platinum
    411-0794

    $1,000,000

    Accounts receivable Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Back up or overflow of a sewer, drain or sump n/a  $100,000 Included Included
    Brands and labels Included Included Included Included
    Broadened building coverage Included Included Included Included
    Broadened business personal property Included Included Included Included
    Business income and extra expense – dependent properties n/a $100,000 $150,000 $250,000
    Business income and extra expense – lease cancellation $5,000 $25,000 $50,000 $50,000
    Business income and extra expense – transit $5,000 $50,000 $75,000 $100,000
    Business personal property in storage units  Included  Included  Included  Included 
    Business personal property in transit  $25,000 $100,000 $100,000 $150,000
    Business personal property off premises   $25,000 $100,000 $250,000 $250,000
    Catastrophe allowance n/a $25,000 $50,000 $50,000
    Computer and funds transfer fraud $5,000 $50,000 $50,000 $50,000
    Consequential loss to stock Included Included Included Included
    Contract penalties $5,000 $25,000 $50,000 $100,000
    Debris removal  $25,000 $100,000 $250,000 $250,000
    Deferred payments Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Denial of access to premises  30 days
    72-hour waiting period 
    30 days
    72-hour waiting period 
    30 days
    72-hour waiting period 
    30 days
    72-hour waiting period 
    E-commerce $2,500 $25,000 $50,000 $50,000
    Electronic data processing equipment Included Included Included Included
    Employee theft including ERISA compliance $10,000 $100,000 $250,000 $250,000
    Employee tools and work clothing  $5,000 $10,000 $25,000 $25,000
    Expediting expense $10,000 $25,000 $50,000 $50,000
    Extended business income n/a  90 days 180 days 180 days
    Extended coverage on property – within 2,000 feet Included  Included Included Included
    Extra expense $25,000 $50,000 $300,000 $300,000
    Fine arts Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Fire department service charge  Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Fire protection equipment recharge Included Included Included Included
    Food contamination  $5,000 $10,000 $25,000 $25,000
    Food contamination – additional advertising expense  $3,000 $3,000 $3,000 $3,000
    Forgery or alteration $5,000 $50,000 $100,000 $100,000
    Foundation and underground pipes  n/a  Included Included Included
    International air shipments $10,000 $25,000 $50,000 $50,000
    Inventory and loss appraisal $25,000 $100,000 $250,000 $300,000
    Key replacement and lock repair $5,000 $15,000 $20,000 $20,000
    Leasehold interest $25,000 $50,000 $150,000 $250,000
    Lessor’s tenant move expenses  $5,000 $25,000 $50,000 $50,000
    Marring and scratching Included Included Included Included
    Money and securities $5,000 $25,000 $50,000 $50,000
    Money orders and counterfeit money $5,000 $25,000 $50,000 $50,000
    Movement of property Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Newly acquired locations – business income and extra expense  $100,000 $250,000 $250,000 $250,000
    Newly acquired or constructed property – building $500,000 $1,000,000 $2,000,000 $2,000,000
    Newly acquired or constructed property – business personal property $250,000 $500,000 $1,000,000 $1,000,000
    Non-owned detached trailers $5,000 $25,000 $25,000 $50,000
    Ordinance or law – coverage for loss to the undamaged portion of the building Included Included Included Included

    Ordinance or law

    • Demolition cost coverage
    • Increased cost of construction
    $100,000 $300,000 $500,000 $500,000
    Outdoor property Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Personal effects and property of others Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Pollutant clean-up and removal $10,000 $50,000 $100,000 $150,000
    Preservation of property 90 days 90 days 90 days 90 days
    Preservation of property – expense $10,000 $25,000 $50,000 $100,000
    Prototypes Included Included Included Included
    Research and development documentation Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Rewards $5,000 $50,000 $75,000 $100,000
    Sales representative samples $10,000 $25,000 $25,000 $50,000
    Soft costs $5,000 $10,000 $25,000 $50,000
    Temporary relocation of property $25,000 $50,000 $100,000 $100,000
    Theft damage to building Included Included Included Included
    Undamaged tenants improvements and betterments $10,000 $25,000 $50,000 $100,000
    Underground water seepage  n/a  $25,000 $50,000 $150,000
    Unintentional property reporting errors  $500,000 $500,000 $500,000 $500,000
    Unnamed locations  $20,000 $100,000 $150,000 $200,000
    Utility services – business income  $5,000 $50,000 $100,000 $100,000
    Utility services – direct damage  $5,000 $50,000 $100,000 $100,000
    Valuable papers and records  Included in blanket limit of $25,000 Included in blanket limit of $250,000 Included in blanket limit of $500,000 Included in blanket limit of $1,000,000
    Voluntary parting $10,000 $25,000 $50,000 $100,000
    Water damage, other liquids, powder or molten material damage n/a  $25,000 $50,000 $50,000
    Windblown debris $2,500 $5,000 $10,000 $10,000
    Worldwide business personal property off premises $10,000 $45,000 $75,000 $100,000

    General liability 

    Suite of general liability broadening coverage that add or enhance over 13 coverages

    CGL broadening endorsement

    421-2915

    Coverage

    Limits

    Additional insured by contract, agreement or permit

    Included

    Additional insured — primary and non-contributory

    Included

    Blanket waiver of subrogation

    Included

    Bodily injury redefined

    Included

    Broad form property damage — borrowed equipment, customers goods and use of elevators

    Included

    Knowledge of occurrence

    Included

    Liberalization clause

    Included

    Medical payments — increased reporting period

    Included

    Newly acquired or formed organizations — covered until end of policy period

    Included

    Non-owned watercraft

    51 feet

    Supplementary payments increased limits
    – Bail bonds
    – Loss of earnings per day

    $2,500
    $1,000

    Unintentional failure to disclose hazards

    Included

    Unintentional failure to notify

    Included

    • Per project aggregate
    • Blanket additional insured
    • Contractors limited pollution liability endorsement
    • Add the contractors general liability broadening endorsement below to the base general liability broadening endorsement to further tailor coverage. 
    Commercial general liability enhancement endorsement – contractors 421-2918
    Coverage Limits Coverage Limits

    Aggregate limit per project

    Included

    Incidental malpractice (employed nurses, EMTs and paramedics)

    Included

    Alienated premises

    Included

    Mobile equipment redefined

    Included

    Broad form named insured

    Included

    Personal injury — broad form

    Included

    Contractual liability — railroads

    Included

    Property damage legal liability
    - Broad form
    - Fire, lightning, explosion, smoke and leakage from fire protective systems damage limit

    $1,000,000

    Extended property damage

    Included

     

    Additional coverage options

    Visit Hanover Specialty Excess & Surplus for non-admitted property and casualty coverage.

    Professional and executive lines

    Professional and executive lines

    Surety

    Surety

    Hanover Contractors Advantage protects against the unique risks faced by construction businesses. Unlock the Hanover advantage.

     

    Risk management services

    We assist customers with safety procedure improvements, risk transfer best practices, safety programs, protecting and securing equipment in yard or at jobsite and more.

    Learn more

     

    Competitive products

    Our innovative and comprehensive product suite, with business owner's policy and commercial package policy options, can be designed to fit current and future needs, including:

    • Industry-specific broadening endorsements
    • Account-focused solutions

     

    Dedicated claims team

    Our claims teams have years of industry expertise and experience handling the unique types of claims construction businesses can face. We employ experts in the fields of water mitigation, subrogation, risk transfer, litigation management, nurse and legal analysis, accounting, and SIU.

     

     

    Significant experience

    We have expert, local underwriting resources with national product claims and loss control services, all supported by regional experts.

     

    Risk Solutions partnership

    We partner with vendors who can offer specialized services for your construction clients including equipment theft prevention and recovery as well as driver monitoring.

    Learn more

     

    Trusted partner

    We offer the support and financial strength of an "A"-rated leading insurance carrier.

     

    Appetite

    Hanover Contractors Advantage targets contractors who are committed to job safety, willing to manage risk and understand the benefits of a long-term relationship in controlling loss costs.

    We target a wide range of commercial general contractors, heavy construction and trade contractors. It is important to note our appetite for construction varies by state, size of risk and line of business. Please contact your local underwriter to discuss specific opportunities. 

    The appetite below outlines target classes for construction risks.

     

    Not in appetite

    • Dam or reservoir construction
    • Dredging
    • Environmental remediation
    • Pipeline—oil, petroleum, or gas transmission structures and piping
    • Power line and related structure construction
    • Residential building construction

     

    Visit the SmallComm Solutions portal for detailed appetite information for small commercial construction risks. Visit Hanover Specialty Excess & Surplus to see classes eligible for non-admitted coverage.

    Industry resources

     

     

    Hanover Construction Advantage coverage checklist

    Review enhancement options available with The Hanover to help tailor a coverage plan for your clients' needs.

    Download now

     

    Resources for your customers

    Our Risk Solutions program includes onsite and remote assessments, on-demand learning, self-service tools and custom action plans that address the complex demands and issues facing your clients in the construction industry.

    Ergonomics interactive tool kit

    Effective contract management

    Organizational fleet safety program

    See all of our Risk Solutions resources for contractors

     

    Customer tools

    Claims reporting

    My Hanover Policy

     

     

    Let's start a conversation today

    Contact a member of our team to learn more about our coverage and services, and how we can help you tailor a solution for you and your clients.

    Property and casualty

    Aaron Kock
    Assistant Vice President, Industry Solutions 
    312-339-7774
    akock@hanover.com

    Marine and industrial property

    Chris Zaneski
    Vice President, Distribution Management
    240-638-5706
    czaneski@hanover.com

    Professional and executive lines

    Jon Martin
    Vice President, Distribution Management
    269-240-8118
    jonmartin@hanover.com