The Hanover enhances life sciences solutions

The Hanover announced the expansion of its Business Owner’s Advantage product to meet the needs of a broader range of life sciences organizations. The new offering is designed specifically for early-stage and smaller businesses in the industry, providing tailored coverage that addresses their evolving risks.

This expansion builds on The Hanover’s existing capabilities for more complex, mid-size life sciences operations.

Available through The Agency Place Sales, the company’s online quoting and issuance platform, Business Owner’s Advantage offers a streamlined, single-carrier approach to writing both core and specialty coverages. With over 15 new classes of life sciences organizations now available, including medical device manufacturers, contract research organizations, digital health companies and pharmaceutical firms, this expansion enables The Hanover’s agent partners to offer coverage that evolves with their customers’ needs.

“This expansion reflects our commitment to supporting specialized small businesses with tailored insurance solutions. Our enhanced offering helps smaller firms – including those still in the research and development phase – navigate evolving risks with the protection and flexibility they need to thrive.” – Charles F. Hamann, president, small commercial at The Hanover.