News From Beacon Hill – February 2013

Dear Valued Agent,

February has been busy for us — we have been working with existing and new agents to help them find insurance solutions that fit the specific needs of their clients. In addition to our brokerage business, we also remain very busy in our PartnerOne Environmental underwriting division, which is known for its excellent service and superior products.

If you need help with a unique client, or would like some suggestions for finding new opportunities, feel free to call us at 1-800-596-2156 or email us.


Understanding Risk Associated With Contaminants of Emerging Concern

By Ivy Riggs, PartnerOne Environmental

When speaking with your clients or carriers, you may have often been reminded that all applicants have an environmental exposure. These range widely from premises hazards such as indoor air quality and legacy contamination to operational and products pollution exposures. Because many of these risks tend to go unacknowledged and unaddressed until after a loss has occurred, a surprising number of policyholders are self-insuring their environmental risks, albeit unknowingly. Read the complete article.


Coverage Guides

Do you ever wish you had a “coverage 101” type of document that explains the environmental lines a specific class of business may need? We have compiled common exposures, claim scenarios, coverage information, and how to overcome challenges when selling environmental insurance to different risks you may work with. Check out these comprehensive guides.


Packaged Insurance Coverages for Environmental Contractors & Consultants

What are packaged environmental coverages?

Packaged insurance coverages combine various lines with a shared limit and/or aggregate. Examples include Commercial General Liability/Contractors Pollution Liability plus Professional, Contractors Pollution Liability and Professional, or General Liability and Premises Pollution. Combining these coverages can create a substantial cost savings for the client. Learn more.


Recent Success Stories

  • $675k Construction helicopter crane
    Coverage purchased: Contractors Pollution Liability
    Policy limit: $5M
    Premium = $10,000
  • $650k Asbestos and mold abatement contractor
    Coverage purchased: General Liability/Contractors Pollution Liability/Professional Liability and Workers Compensation via our PartnerOne Environmental program
    Policy limit: $1M/$2M
    Premium = $28,820
  • $14.5M Tank removal & general contractor
    Coverage purchased: General Liability/Contractors Pollution Liability and Excess
    Policy limit: $1M/$2M Primary and $5M Excess
    Premium = $215,115
  • $1M Asbestos abatement and interior demolition firm
    Coverage purchased: General Liability/Contractors Pollution Liability and Excess via our PartnerOne Environmental program
    Policy limit: $1M/$2M Primary and $3M Excess
    Premium = $13,992
  • $3.55M Soil and groundwater remediation contractor and consultant
    Coverage purchased: General Liability/Contractors Pollution Liability/Professional Liability via our PartnerOne Environmental program
    Policy limit: $5M/$5M
    Premium = $32,650
  • $1M Mobile industrial cleaner
    Coverage purchased: General Liability/Contractors Pollution Liability, Auto, and Excess
    Policy limit: $2M/$4M Primary and $1M Excess
    Premium = $33,605
  • $1.5M Industrial tank cleaning and maintenance contractor in Texas
    Coverage purchased: General Liability/Contractors Pollution Liability and Excess via our PartnerOne Environmental program
    Premium = $23,000
  • $500k Remodeling contractor
    Coverage purchased: Contractors Pollution Liability with Mold via our PartnerOne Environmental program
    Premium = $2,500