The Hanover enhances cyber coverage to tackle complex exposures

The Hanover Insurance Group has launched a new stand-alone, non-admitted cyber offering for commercial lines agents and their clients.

The new coverage, Hanover Cyber Advantage Premier, is designed to serve small and mid-sized businesses in a broad range of industries that have more complex exposures.

It is written through the company's in-house excess and surplus brokerage Hanover Specialty Insurance Brokers (HSIB).

The Hanover's suite of cyber coverages include protection for a mix of first- and third-party exposures, such as third-party liability, first-party response costs, first-party loss of income, and first-party fraud loss. They can be adjusted to meet changing cyber exposures.

"This new product builds on our strong existing cyber capabilities with a non-admitted solution that responds to the needs of the market and our agents," said Bryan Salvatore, president, Hanover Specialty. "Hanover Cyber Advantage Premier offers an innovative solution that is designed to grow and evolve with companies over time, helping to address their constantly evolving cyber exposures."

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