Property and general liability

Property

• Selection of base property broadening endorsements that add or enhance more than 65 coverages
• Equipment breakdown coverage
• Foreclosed and trust property coverage
• Add the financial institutions property broadening endorsement below to a base property endorsement to further tailor industry-specific coverage.

View financial institutions property broadening endorsement

Financial institutions property broadening endorsement 411-1500 (available for bank clients)
Coverage	Limits
Automated teller machines (ATMs) — described premises	Included
Automated teller machines (ATMs) — off premises	$25,000
Business income and extra expense — cloud services	$25,000
Business income and extra expense — websites	$25,000
Emergency vacating expense	$25,000
Temporary meeting space expenses	$25,000
Tenant signs	$25,000

 

General liability 

• Suite of general liability broadening coverage that add or enhance over 13 coverages

View CGL enhancement endorsement - financial institutions

Financial institutions property broadening endorsement 411-1500 (available for bank clients)
Coverage	Limits
Additional insured — controlling interest	Included
Aggregate limit per location	Included
Aircraft – non-owned, hired, chartered or loaned with paid crew	Included
Alienated premises	Included
Broad form named insured	Included
Extended property damage	Included
Incidental malpractice (employed nurses, EMT's and paramedics)	Included
Liability for conduct of unnamed joint ventures, partnerships or limited liability companies	Included
Mobile equipment redefined	Included
Property damage legal liability – Broad form – Fire, lightning, explosion, smoke and leakage from fire protective systems damage limit	$1,000,000
Repossessed watercraft	Included
Supplementary payments — additional limits	$1,000
Supplementary payments increased limits — bail bonds	$5,000

Management and professional liability

• Financial institution bond
• Directors and officers and entity liability
• Employment practices liability
• Fiduciary liability
• Bankers professional liability
• Lending and trust services liability
• Investment advisor errors and omissions liability
• Mutual fund liability
• Private fund liability

Our management and professional liability coverage for depository institutions is offered on an admitted basis. Most management and professional liability coverages for asset managers are offered on a non-admitted basis through Hanover Specialty Insurance Brokers (HSIB), our in-house excess and surplus brokerage.

Additional coverage options