Account Profile: New Pipeline Construction Company

On December 19th 2012, our agent approached us on about a client that was spinning off a division of his company into a separate entity. The new company would be doing oil & gas pipeline construction in Pennsylvania PA and the surrounding states. It would have a starting payroll of $12M and would be working 100% for the parent company. BHA approached several markets and we were in the process of quoting the General Liability, broad form Contractors Pollution Liability, and Follow Form Excess when on December 21st the agent called with a problem: he was not able to find any Workers Compensation carriers that were willing to write the new company. Beacon Hill used its market expertise and extensive carrier network to find one that was willing to write the new entity for Workers Comp. The account was bound effective January 1st with General Liability, broad form CPL, and Follow Form Excess that took the Pollution to the requested limits, as well as the Workers Compensation portion. This account was bound quickly and efficiently by Beacon Hill’s south central regional team, who had the ability to access the markets needed to properly insure the client.

Account details:

Operation: Pipeline construction

Revenue: $12M

Policy limits: $1M/$2M on Primary, $1M on Workers Compensation, and $5M on the Excess

Premium = $933k for all lines