Technology

Our expanded tech product offering provides a wide range of features and options, including standard and specialty products that grow with your customer.

The Hanover offers expertise and solutions designed specifically for a broad range of small and mid-sized life tech organizations in three key industry segments. As part of our commitment to product innovation and delivering agency value, our technology experts continually enhance our suite of technology products to best serve this market.

The appetite below outlines examples of the various tech companies operations we target. Please contact your local underwriter to discuss specific opportunities.

 

Information technology

Information technology

  • Computer consultants
  • Computer facilities management
  • Computer repair and maintenance
  • Computer systems integrators
  • Computer training
  • Custom computer programming
  • Data processing services, hosting and related services
  • Information technology staffing
  • Packaged software development
  • Software research and development
  • Web search portals
  • Website design
  • Other computer-related services

Telecom

Telecom

  • Cellular and other wireless telecommunications
  • Internet service providers
  • Other communication services
  • Telecommunications service provider — rebillers and resellers only

Electronics manufacturing

Electronics manufacturing

Manufacturing of:

  • Analytical laboratory instrument
  • Audio/video equipment
  • Automatic environmental control
  • Cable TV equipment
  • Camera and photo equipment (not lenses)
  • Computer peripheral equipment
  • Computer storage devices
  • Computer terminals
  • Electricity measuring and testing equipment
  • Electronic capacitors
  • Electronic connector
  • Electronic component
  • Fiber optic cable
  • Home entertainment equipment
  • Magnetic and optical recording media
  • Measuring and/or controlling device
  • Optical instruments and lens
  • Photographic and photocopying equipment
  • Printed circuit-assembly only
  • Radio/TV broadcasting, and wireless communication equipment
  • Semiconductor design
  • Software reproducing
  • Sound equipment
  • Telephone apparatus

 

Additional capabilities

The following additional classes of technology companies focused on developing products, technologies and services to support life sciences can find solutions through our Hanover Life Sciences Advantage offering:

  • Medical device manufacturing and distribution
  • Pharmaceuticals
  • Digital health, including telemedicine and healthcare information technology
  • Contract research

 

Visit the SmallComm Solutions portal for detailed appetite information for small commercial technology risks.  

Hanover Technology Professional and Cyber Advantage

The Hanover offers an integrated technology product that includes several important types of coverage—errors and omissions, cyber liability, first-party security breach and more—with the convenience of a single unified form. 

 

Learn more

 

Property

  • Selection of base property broadening endorsements that add or enhance more than 65 coverages
  • Add one of the technology property broadening endorsement below to a base property endorsement to further tailor industry-specific coverage.

Coverage

Technology manufacturing property broadening endorsement
411-0817
Technology services property broadening endorsement
411-0818
Telecommunication services property broadening endorsement
411-0820
Additional covered property Included Included Included
Broadened business personal property - Included Included
Business income — new product to market delay $50,000 $50,000 $50,000
Business income and expenses — research and development operations Included - -
Business income and extra expense — dependent and interdependent properties $150,000 $150,000 -
Contract cancelation $100,000 $100,000 -
Extended warranty coverage $50,000 $50,000 $50,000
Installation $25,000 $25,000 $25,000
Mobile equipment — telecommunications - - $25,000
Portable electronic devices — worldwide $50,000 $50,000 $50,000
Processing water $25,000 - -
Research and development operations — expenses - $250,000 $250,000
Research and development operations — extra expense $250,000 $250,000 $250,000
Theft of phone cards - - $10,000

 

General liability 

  • Suite of general liability broadening coverage that add or enhance over 20 coverages
  • Add the technology general liability broadening endorsement below to the base general liability broadening endorsement to further tailor coverage.

Commercial general liability enhancement endorsement – technology 421-2926

Coverage Limits Coverage Limits

Additional insured — broad form vendors

Included

Extended property damage

Included

Additional insured — employee and volunteer worker broadened bodily injury coverage

Included

Incidental malpractice (employed nurses, EMTs and paramedics)

Included

Aggregate limit per location

Included

Mobile equipment redefined

Included

Aircraft — non-owned hired, chartered or loaned with paid crew

Included

Product recall expense
– Occurrence
– Aggregate
– Deductible


$25,000
$50,000
$500

Alienated premises

Included

Personal injury — broad form

Included

Broad form named insured

Included

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

$1,000,000

Damage to product

$50,000

 

Business Owner's Advantage 

  • The Hanover’s Business Owner’s Advantage, our BOP offering, provides a selection of base broadening endorsement to expand coverage for your tech clients
  • Enhance coverage further with an industry-specific technology endorsement that can be added to a base broadening endorsement.

Property coverage

Technology Silver

821-0085 (12/18)

Technology Gold

821-0084 (12/18)

Technology Platinum

821-0006 (12/18)

Business income — per diem option

$1,000 per day aggregate

$500 per day per technology professional

15-day limit

$1,000 per day aggregate

$500 per day per technology professional

15-day limit

$1,000 per day aggregate

$500 per day per technology professional

15-day limit

Catastrophe allowance $5,000 $10,000 $25,000
Commercial tools and small equipment

n/a

n/a

$25,000

Employee tools and work clothing

$10,000

$2,500 per item

$25,000

$2,500 per item

$25,000

$2,500 per item

Extended business income 180 days (includes rental value) 180 days (includes rental value) 180 days (includes rental value)
Installation $25,000

$25,000

$50,000

Newly acquired or constructed property— building $525,000 for BPP $525,000 for BPP $1,000,000 for BPP
Newly acquired or constructed property— business income and extra expense $525,000 for BPP $525,000 for BPP $1,000,000 for BPP
Newly acquired or constructed property— business personal property $525,000 for BPP $525,000 for BPP $1,000,000 for BPP
Ordinance or law — increased period of restoration $25,000 $100,000 $100,000
Unnamed locations — business income and extra expense

$50,000 aggregate

$10,000 per occurrence

$50,000 aggregate

$10,000 per occurrence

$50,000 aggregate

$10,000 per occurrence

Unnamed locations — business personal property

$25,000 aggregate

$5,000 per occurrence

$25,000 aggregate

$5,000 per occurrence

$25,000 aggregate

$10,000 per occurrence

Utility services — overhead transmission lines Includes overhead transmission lines Includes overhead transmission lines Includes overhead transmission lines

 

Additional core coverage

Additional core coverage

Additional specialty coverage

Additional specialty coverage

Hanover Technology Advantage protects against the unique risks faced by tech companies of all sizes. Unlock the Hanover advantage.

 

Risk management services

We can assist your clients with safety procedure improvements, disaster preparedness and business continuity planning, and training programs.

Learn more

 

Competitive products

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

  • Technology-specific broadening endorsements
  • Account-focused solutions
  • Technology professional liability, combined with first- and third-party cyber coverage. Read more

 

Dedicated claims team

Our claims teams have years of industry expertise and experience handling the unique types of claims technology organizations 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 technology services, such as breach preparedness, media response plans, breach assessments, victim notification plans, and so much more.

Learn more

 

Trusted partner

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

Appetite

The Hanover offers expertise and solutions designed specifically for a broad range of small and mid-sized life tech organizations in three key industry segments. As part of our commitment to product innovation and delivering agency value, our technology experts continually enhance our suite of technology products to best serve this market.

The appetite below outlines examples of the various tech companies operations we target. Please contact your local underwriter to discuss specific opportunities.

 

 

Additional capabilities

The following additional classes of technology companies focused on developing products, technologies and services to support life sciences can find solutions through our Hanover Life Sciences Advantage offering:

  • Medical device manufacturing and distribution
  • Pharmaceuticals
  • Digital health, including telemedicine and healthcare information technology
  • Contract research

 

Visit the SmallComm Solutions portal for detailed appetite information for small commercial technology risks.  

Industry resources

 

 

Technology coverage guide

This document explains how Hanover Technology Professional and Cyber Advantage can provide technology businesses with solutions to help reduce risk.

Download now 

Resources for you

Technology applications

Policy forms library

 

Marketing materials

Technology customer brochure

Equipment breakdown coverage overview

International coverage information sheet

 

Industry learning

The Hanover Accelerator program offers exclusive self-guided training designed to give you expertise in key growth industries, empowering you to better offer specialized insurance solutions for tech clients.

Sign up for The Hanover's Industry Accelerator for Technology

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 tech clients.

Risk Solutions and claims services brochure

Cyber security eRisk hub® portal

International travel assist

See all of our Risk Solutions resources for tech companies

 

Customer tools

Claims reporting

My Hanover Policy

 

Let's start a conversation today

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

Property, casualty, errors and omissions

Will Lannuier
Regional Technology Director
714-415-3805
wlannuier@hanover.com
Southern California and North Pacific Regions

Amy Meller
Regional Technology Director
630-521-8474
ameller@hanover.com
Midwest and Great Lakes Regions

Jason Panagiotou
Regional Technology Director
508-855-3297
Jpanagiotou@hanover.com
Northeast, Metro and Mid-Atlantic Regions

Nick Paschal
Assistant Vice President/Regional Technology Director
214-403-1850
npaschal@hanover.com
Central, South Central and Southeast Regions

John McLaughlin
Regional Technology Director
404-216-0784
jmclaughlin@hanover.com
Mid-Atlantic and Southeast Regions

 

 

 

 

 

Management liability

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

Marine and industrial property

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