The Hanover enhances its offering for complex industrial property risks

The Hanover announced the launch of Hanover Specialty Industrial Property 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 in the standard market.

“HSIP Advantage was designed to help our partners better serve their customers, offering a smarter, more adaptable solution for high-hazard property risks. We’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.” – James A. Kelley, president, HSI at The Hanover.