The Hanover Insurance Group, Inc. announced the expansion of its Business Owner's Advantage product to meet the evolving needs of a broader range of life sciences organizations. This enhanced offering is specifically designed for early-stage and smaller businesses within the industry, providing tailored coverage for their unique and evolving risks.
This expansion builds upon The Hanover's existing capabilities for more complex, mid-size life sciences operations, reinforcing the company's commitment to supporting organizations at every stage of growth. The product is available through The Agency Place (TAP) Sales, the company's online quoting and issuance platform, offering a streamlined, single-carrier approach.
The enhanced offering now includes over 15 new classes of life sciences organizations, such as medical device manufacturers, contract research organizations, digital health companies, and pharmaceutical firms. This allows The Hanover's agent partners to provide comprehensive, multi-line liability coverage, including products-completed operations, errors and omissions, and cyber liability, all on one unified form through Hanover Fusion.
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