The Hanover Targets Home-Based Businesses with New Coverage Suite

The Hanover Insurance Group, Inc. has launched a suite of coverages designed to protect homeowners who generate income through home-based businesses or short-term rentals of their properties.

The Hanover’s new offering addresses a gap insurance coverage and is designed to ensure that customers operating a business from home or renting out their property are fully protected. The Home Business Solutions suite features four a la carte coverage options.

According to a recent online poll conducted by The Harris Poll on behalf of Hanover, nearly one in five homeowners (18%) said they have started a home-based business in the last six months, yet 60% of home-based businesses are uninsured or underinsured, Census.gov statistics show.

Home Business Solutions features four coverage options, which can be chosen individually:

These coverages can be added onto any existing Hanover homeowners policy.

The Home Business Solutions offering is available in most states and will continue to be rolled out throughout the rest this year for Hanover agents.