The offering is designed to provide tailored coverage for firms navigating complex and fast-changing risks, building on the insurer’s established support for mid-size life sciences operations and reinforcing its commitment to organisations at every stage of growth.
Available through The Agency Place (TAP) Sales, The Hanover’s digital quoting and issuance platform, the solution delivers a streamlined single-carrier approach to both core and specialty coverages. With the expansion, more than 15 additional classes of life sciences businesses are now eligible, including medical device manufacturers, contract research organisations, digital health companies and pharmaceutical firms.
Charles F. Hamann, president of small commercial at The Hanover, said the development underlines the company’s focus on supporting smaller and specialised businesses. He explained that the enhanced offering allows firms, including those still in the research and development phase, to navigate evolving risks with the protection and flexibility they need to thrive.
The product incorporates tailored coverage enhancements with property and general liability endorsements designed to address the unique exposures of life sciences organisations. It also provides a streamlined digital experience through TAP Sales, offering fast and efficient quoting and policy issuance. In addition, expanded class eligibility ensures greater access for early-stage and small firms with the guidance of dedicated underwriters.
Toni E. Mitchell, president of technology and life sciences at The Hanover, emphasised that the life sciences sector is evolving rapidly and that businesses face increasingly sophisticated risks. She said the expansion gives agent partners the expertise and tools needed to deliver meaningful protection and advice, enabling clients to remain focused on advancing innovation while safeguarding their progress.
This initiative forms part of The Hanover’s account-oriented strategy for life sciences businesses. At the core of this approach is Hanover Fusion, the company’s flagship product that combines multi-line liability coverage, including products-completed operations, errors and omissions, and cyber liability, in one unified form.
