Eligibility
Business Segments
Classifications
Coverages
Hanover History
100
$15,000,000 per location for annual sales or property values- no aggregate.
What are the maximum property and annual sales values that are eligible for the Hanover BOP?
100
Condominiums, Contractors, Garage, Manufacturers, Office, Professional, Retail, Service, Technology and Wholesalers.
What are the 10 Hanover Small Commercial business segments within our Appetite Guide?
100
Green Thumbs Up, Yellow Telephone, Red Thumbs Down and Not Available.
What are the four symbols found in the Appetite Guide that define Hanover's appetite by class code and line of business?
100
Special, Deluxe, Deluxe Bronze, Deluxe Silver, Deluxe Gold, and Deluxe Platinum.
What are the Hanover BOP Broadening Endorsements?
100
160 years.
How long has Hanover Insurance been in business?
200
$50,000 and below in premium size.
What is Hanover's definition of Small Commercial?
200
ALL lines of business.
What line(s) of business can be written monoline in Hanover Small Commercial?
200
Yellow telephone symbol.
Which symbol indicates a higher hazard class of business that will refer to your new business underwriter for review?
200
Basic BOP policy form #391-1003
What is the standard BOP form with no additional endorsements added to it?
200
A (A.M. Best)
What is Hanover's rating?
300
Underwriting eligibility guidelines.
What are located on the first two pages of each industry segment?
300
Consultants, Accountants, Lawyers, Dentists, Insurance agents, Real Estate agents, Travel agencies, etc.
What are eligible Office classifications?
300
NAICS code.
What is the easiest code to use when entering a quote in our Point of Sale system?
300
Broadening Endorsement Property Extender, Property Special Broadening Endorsement, Select Advantage Property Broadening Endorsement, and Choice Advantage Property Broadening Endorsement.
What are Hanover's CPP Broadening endorsements?
300
Chaucer Holdings.
What is the name of the company Hanover most recently acquired?
400
Symbol that reflects straight through processing with no underwriting referral.
What is Green Thumbs Up (GTU)?
400
Technology Broadening Endorsement, Technology & Telecommunications Professional Services Endorsement, Enhanced Website & Internet Coverage, Worldwide Liability Endorsement and Technology E&O.
What are the Coverage Highlights within the Technology Business Segment?
400
A check mark in the far right column on each classifications page. (Best to look at our Office segment).
How do you know if you can endorse Professional Liability on a BOP policy or write it stand alone?
400
A&E Broadening Endorsements, Medical Offices Broadening Endorsements, Technology Broadening Endorsements, Accountant Broadening Endorsement, Contractors Broadening Endorsement, Dental Office Broadening Endorsement, Distributor Pac Plus Endorsement, Dry Cleaners & Laundry Customers Coverage Endorsement, Florist Broadening Endorsement, Garage Program Broadening Endorsement, Law Office Broadening Endorsement, Vet & Kennel & Groomers Extra Coverage Endorsement, and the Pet Services Broadening Endorsement.
What are Hanover's Industry Specific Broadening Endorsements?
400
$64,000,000.
How much Small Commercial business does Hanover write in Massachusetts?
500
Commercial Package Policy (CPP).
What is Hanover's alternative product to the BOP if Hanover does not have a BOP class code for your account?
500
Sports & Fitness, Document Destruction, Religious Institutions, Cultural Institutions, and Community Services.
What Industry niches are a focus for Hanover Small Commercial?
500
Index. (It's alphabetical)
Where is the best place in the Appetite Guide to look when prequalifying/classifying a risk?
500
Endorsement that can be added to an Auto policy to provide additional coverages such as sign coverage, rental reimbursement, hired car physical damage, etc.
What is the Commercial Auto Broadening Endorsement?
500
1) More focus on Innovation 2) A True Commitment to Partners 3) Unparalleled Responsiveness & Alignment
What are the three tenants of Hanover's Value Proposition?
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