News From Beacon Hill – December 2014

Insurance for Health & Safety Consultants, Waste Brokers, and other Environmental Consultants

The environmental consulting service industry has seen significant growth in the last several years. With increased concern over soil/groundwater contamination, air quality, mold, and other pollutants, the demand for these types of consultants will continue to be on the rise. Environmental consultants work in a variety of industries, from construction, to waste management, real estate and of course regulatory agencies. We have years of experience working with a wide range of environmental consultants and we are here to assist you in explaining the need for environmental coverage to these clients and seek the options that best suit them. Continue reading for claim scenarios, success stories, and more.

Understanding Professional Employer Organizations

By Jamie Lewis, Assistant Vice President

In a constantly evolving insurance market with carrier appetite and state rating changes, Workers Compensation (WC) rates continue to increase across the board for almost all states. Insureds with less desirable experience modification factors may find themselves looking outside of a traditional agency and carrier relationship to obtain the WC coverage they need with the most competitive premiums available. The idea of subscribing to a Professional Employer Organization (PEO) may become very appealing. If you have a client that is considering this option, it is important to fully understand the type of organization and coverage they may be entering into so that you can advise them of the implications of choosing to go with a PEO instead of maintaining coverage through your office. Read the complete article.

Recent Success Stories

$1.2M Contractor who installs and delivers odorizers for natural gas purchased General Liability, Contractors Pollution Liability, $5M Auto, and $2M Excess for a total premium of $84,107.

$2M Salt water hauler purchased General Liability, Contractors Pollution Liability, and a $5M Excess policy for $48,215.

$18M Industrial general contractor purchased a $5M/$5M Contractors Pollution Liability policy, including Mold, for $17,779.

$3.8M Environmental contractor purchased General Liability/Contractors Pollution Liability/E&O and a $9M Excess policy for a total premium of $74,816.

$1.5M Fire restoration contractor purchased Contractors Pollution Liability, including Transportation Pollution Liability and Mold, for $5,899.

$1M Utility contractor purchased a $3M/$3M Contractors Pollution Liability policy, including Mold, for $6,500.

$525k Landscape contractor purchased Contractors Pollution Liability including TRIA for $3,267.

$40M HVAC/mechanical contractor purchased a $2M Contractors Pollution Liability/E&O (including Mold) policy for $43,024.