Core Insights - The Hanover Insurance Group, Inc. has expanded its Business Owner's Advantage product to cater to a wider range of life sciences organizations, particularly early-stage and smaller businesses, providing tailored coverage for their evolving risks [1][3] Group 1: Product Expansion - The new offering includes over 15 new classes of life sciences organizations, such as medical device manufacturers, contract research organizations, digital health companies, and pharmaceutical firms, allowing agents to provide coverage that adapts to customer needs [2] - The expansion reinforces The Hanover's commitment to supporting organizations at every growth stage, enhancing its capabilities for more complex, mid-size life sciences operations [1][3] Group 2: Key Features - The product features specialized property and general liability endorsements tailored to the unique exposures of life sciences organizations [7] - It offers a streamlined digital experience for fast and efficient online quoting and issuance through The Agency Place (TAP) Sales [7] - The offering is designed for early-stage and smaller life sciences organizations, with support from dedicated specialized underwriters [7] Group 3: Strategic Commitment - The expansion reflects the company's commitment to providing specialized insurance solutions for small businesses, helping them navigate evolving risks with necessary protection and flexibility [3] - The Hanover aims to equip its agent partners with tools and expertise to deliver meaningful protection and guidance, allowing businesses to focus on innovation while safeguarding their progress [3]