The Hanover Launches Quote, Bind and Issue Tool for Contractor’s Equipment Policies

The tool eases issue of contractor’s equipment policies for a broad range of equipment, including general construction, and equipment used in warehousing, manufacturing, and municipalities.

(Image source: U.S. Navy, Airman Mark J. Rebilas.)

The Hanover Insurance Group (Worcester, Mass.) has enhanced its marine online system, TAP Sales Marine, to include the capability for the carrier’s independent agent distributors to quote and issue contractor’s equipment policies.

This ease-of-doing-business feature builds on the success of The Hanover’s recently released builders risk online tool, according to the insurer. The contractor’s equipment feature now enables agents to issue contractor’s equipment policies for a broad range of equipment, including general construction, specialized equipment, and equipment used in warehousing, manufacturing, and municipalities.

The capability includes what The Hanover calls a comprehensive new contractor’s equipment form from which agents can select coverage options and deductibles to meet the needs of their clients. This enhanced coverage form, coupled with the online quoting platform, is designed to enable the carrier’s agents to provide a broad, competitive and timely insurance solution for their contractor’s equipment customers.

Competitive Rates, Ease of Use

“The rollout of our contractor’s equipment tool means our agents can issue quotes for contractor’s equipment clients within minutes,” comments Paul J. Butler, president, Hanover marine. “This helps agents provide the high-quality service demanded by the construction industry. With the competitive rates and broad coverage options offered through this online system, we’re able to help our agent partners better serve their clients.”

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