Hanover Program Targets Mid-to-High End Hotels

The Hanover Insurance Group, Inc. is making available a new insurance program — The Hanover Hospitality Advantage — for hotels and motels.

The Hanover Hospitality Advantage was developed to help the company’s agent partners meet the needs of their mid- to high-end hotel customers that cater to business travelers. Specifically, tthat means hotels with onsite restaurants, conference centers and other amenities for business travelers. At the same time, the company is enabling its agents to capitalize on the increasingly growing number of hotels within the company’s geographic footprint, which represents over 28,000 establishments today.

“As many hotels continue to expand their businesses beyond general lodging, hotel owners should be confident that their insurance is designed to meet their unique and growing needs,” said David J. Firstenberg, commercial lines president at The Hanover. “By combining specialized coverages with flexible limits, The Hanover Hospitality Advantage will help agents capitalize on the growing number of hotels in their local markets.”

The Hanover Hospitality Advantage offers hotels comprehensive commercial property, general liability, commercial auto, and workers’ compensation coverages. In addition, it includes options that would normally have to be purchased separately such as coverage for accounts receivable risks, business income and extra expenses, electronic data processing equipment, fine arts, fire department service charges, movement of property, outdoor property, personal effects, and valuable papers and records.

Hotels and motels may broaden their coverage and increase limits through a broad range of endorsements and optional coverages that address specific industry risks, including:

— Hospitality services errors and omissions coverage for exposures unique to the industry including rendering or failing to render hospitalityservices, such as an error in event planning
— Hospitality property broadening endorsement which provides a range of coverages including: worldwide coverage for reservation systems, alternative key systems, emergency evacuation expense and coverage for guest property
— Liquor Liability with optional per location general aggregate
endorsement
— Supplemental payments for inoculations for food-related illnesses
— Commercial crime coverage to protect against risks such as employee theft, forgery or alteration, theft of money and securities, robbery or burglary, and counterfeit money

The Hanover Hospitality Advantage currently is available through The Hanover’s independent agents.

Source: The Hanover’s
http://www.hanover.com