{"id":904491,"date":"2025-11-03T13:04:26","date_gmt":"2025-11-03T18:04:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/"},"modified":"2025-11-03T13:04:26","modified_gmt":"2025-11-03T18:04:26","slug":"the-hanover-enhances-its-offering-for-complex-industrial-property-risks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/","title":{"rendered":"The Hanover Enhances Its Offering for Complex Industrial Property Risks"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">WORCESTER, Mass.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Nov. 3, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4548092-1&amp;h=2337251667&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4219021-1%26h%3D3483852921%26u%3Dhttps%253A%252F%252Fwww.hanover.com%252F%253Futm_source%253Drelease%2526utm_medium%253DPR%26a%3DThe%2BHanover%2BInsurance%2BGroup%252C%2BInc.&amp;a=The+Hanover+Insurance+Group%2C+Inc.\" target=\"_blank\" rel=\"nofollow\">The Hanover Insurance Group, Inc.<\/a>\u00a0(NYSE: THG) today announced the launch of Hanover Specialty Industrial Property (HSIP) Advantage, a new admitted property product designed to modernize insurance coverage for small to mid-sized businesses that manufacture, blend, distribute, warehouse or transport high-hazard products and materials.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/511273\/The_Hanover_Insurance_Group_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/511273\/The_Hanover_Insurance_Group_Logo.jpg\" title=\"The Hanover Insurance Group, Inc. Logo.  (PRNewsFoto\/The Hanover Insurance Group, Inc.) (PRNewsfoto\/The Hanover Insurance Group, In)\" alt=\"The Hanover Insurance Group, Inc. Logo.  (PRNewsFoto\/The Hanover Insurance Group, Inc.) (PRNewsfoto\/The Hanover Insurance Group, In)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Available for new business effective <span class=\"xn-chron\">Oct. 1, 2025<\/span>, and renewal business <span class=\"xn-chron\">Feb. 1, 2026<\/span>, HSIP Advantage offers a specialized, modular solution that can be customized with new insurance coverages and endorsements to address modern and emerging risks. The offering includes clear policy language and a straightforward product design that simplifies admitted property insurance protection for complex, sprinklered property risks that are often on the edge of insurability in the standard market.<\/p>\n<p>&#8220;HSIP Advantage was designed to help our partners better serve their customers, offering a smarter, more adaptable solution for high-hazard property risks,&#8221; said <span class=\"xn-person\">James A. Kelley<\/span>, president, HSI at The <span class=\"xn-location\">Hanover<\/span>. &#8220;We&#8217;re proud to bring our updated product to market, which reflects our 50-plus years of deep expertise in industrial property, demonstrating our commitment to supporting agents and brokers with innovative tools and resources.&#8221;<\/p>\n<p>Key features of HSIP Advantage include:<\/p>\n<ul type=\"disc\">\n<li>\n          <b>Building and business personal property coverage <\/b>\u2013 Coverages include foundations, underground pipes, flues and drains; personal property owned for maintenance or servicing buildings or structures, or for maintaining or servicing its premises; labor, materials or services furnished or arranged by the business on personal property of others; and more<\/li>\n<li>\n          <b>Business income and extra expense coverage \u2013<\/b> Coverage options to help replace lost income and cover extra costs when a business temporarily shuts down due to a covered loss<\/li>\n<li>\n          <b>HSIP Advantage broadening endorsement \u2013 <\/b>12 broadened coverages and 19 new protections, such as appurtenant structures, non-owned detached trailers and windblown debris<\/li>\n<li>\n          <b>Amended limits of insurance and deductibles endorsement \u2013<\/b> Allows for increased limits and deductibles across all locations or at specific locations<\/li>\n<li>\n          <b>New valuation options \u2013<\/b> Agreed value and functional building replacement cost to help better protect businesses<\/li>\n<\/ul>\n<p>&#8220;The <span class=\"xn-location\">Hanover<\/span> is committed to solving the distinct specialty coverage needs of small and middle market customers, helping them to protect and build their businesses,&#8221; said <span class=\"xn-person\">Bryan J. Salvatore<\/span>, president, specialty at The <span class=\"xn-location\">Hanover<\/span>. &#8220;Our new HSIP Advantage product further demonstrates our focus on specialization in this space and our dedication to our partners, making it even easier for our agents and brokers to deliver meaningful protection to their clients.&#8221;<\/p>\n<p>To learn more about HSIP Advantage, please visit <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4548092-1&amp;h=119344809&amp;u=https%3A%2F%2Fwww.hanover.com%2Fagents-and-brokers%2Fagent-solutions%2Fcommercial-lines%2Fproperty%2Findustrial-property%2Fhsip-advantage&amp;a=hanover.com\" target=\"_blank\" rel=\"nofollow\">hanover.com<\/a>.<\/p>\n<p>\n        <b>About The <span class=\"xn-location\">Hanover<\/span><\/b>\n      <\/p>\n<p>The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in <span class=\"xn-location\">the United States<\/span>. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The <span class=\"xn-location\">Hanover<\/span> offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4548092-1&amp;h=942735528&amp;u=https%3A%2F%2Fwww.hanover.com%2F&amp;a=hanover.com\" target=\"_blank\" rel=\"nofollow\">hanover.com<\/a>.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Media contacts:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Abby C. Ursoleo<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Emily P. Trevallion<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:aursoleo@hanover.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">aursoleo@hanover.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:etrevallion@hanover.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">etrevallion@hanover.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">508-855-3549<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">508-855-3263<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <i>All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates (&#8220;The <span class=\"xn-location\">Hanover<\/span>&#8220;). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY13946&amp;sd=2025-11-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks-302602788.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks-302602788.html<\/a><\/p>\n<p>SOURCE  The Hanover Insurance Group, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY13946&amp;Transmission_Id=202511031300PR_NEWS_USPR_____NY13946&amp;DateId=20251103\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire WORCESTER, Mass. , Nov. 3, 2025 \/PRNewswire\/ &#8212; The Hanover Insurance Group, Inc.\u00a0(NYSE: THG) today announced the launch of Hanover Specialty Industrial Property (HSIP) Advantage, a new admitted property product designed to modernize insurance coverage for small to mid-sized businesses that manufacture, blend, distribute, warehouse or transport high-hazard products and materials. Available for new business effective Oct. 1, 2025, and renewal business Feb. 1, 2026, HSIP Advantage offers a specialized, modular solution that can be customized with new insurance coverages and endorsements to address modern and emerging risks. The offering includes clear policy language and a straightforward product design that simplifies admitted property insurance protection for complex, sprinklered property risks that are often on the edge of insurability &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Hanover Enhances Its Offering for Complex Industrial Property Risks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-904491","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Hanover Enhances Its Offering for Complex Industrial Property Risks - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Hanover Enhances Its Offering for Complex Industrial Property Risks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire WORCESTER, Mass. , Nov. 3, 2025 \/PRNewswire\/ &#8212; The Hanover Insurance Group, Inc.\u00a0(NYSE: THG) today announced the launch of Hanover Specialty Industrial Property (HSIP) Advantage, a new admitted property product designed to modernize insurance coverage for small to mid-sized businesses that manufacture, blend, distribute, warehouse or transport high-hazard products and materials. Available for new business effective Oct. 1, 2025, and renewal business Feb. 1, 2026, HSIP Advantage offers a specialized, modular solution that can be customized with new insurance coverages and endorsements to address modern and emerging risks. The offering includes clear policy language and a straightforward product design that simplifies admitted property insurance protection for complex, sprinklered property risks that are often on the edge of insurability &hellip; Continue reading &quot;The Hanover Enhances Its Offering for Complex Industrial Property Risks&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T18:04:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/511273\/The_Hanover_Insurance_Group_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Hanover Enhances Its Offering for Complex Industrial Property Risks\",\"datePublished\":\"2025-11-03T18:04:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\\\/\"},\"wordCount\":581,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/511273\\\/The_Hanover_Insurance_Group_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\\\/\",\"name\":\"The Hanover Enhances Its Offering for Complex Industrial Property Risks - 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Available for new business effective Oct. 1, 2025, and renewal business Feb. 1, 2026, HSIP Advantage offers a specialized, modular solution that can be customized with new insurance coverages and endorsements to address modern and emerging risks. The offering includes clear policy language and a straightforward product design that simplifies admitted property insurance protection for complex, sprinklered property risks that are often on the edge of insurability &hellip; Continue reading \"The Hanover Enhances Its Offering for Complex Industrial Property Risks\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/","og_site_name":"Market Newsdesk","article_published_time":"2025-11-03T18:04:26+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/511273\/The_Hanover_Insurance_Group_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The Hanover Enhances Its Offering for Complex Industrial Property Risks","datePublished":"2025-11-03T18:04:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/"},"wordCount":581,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/511273\/The_Hanover_Insurance_Group_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hanover-enhances-its-offering-for-complex-industrial-property-risks\/","name":"The Hanover Enhances Its Offering for Complex Industrial Property Risks - 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