News From Beacon Hill – June 2016

Recent Success Stories

Read about some of the recent new business accounts we’ve written:

  • Bridge contractor purchased a $1M/$5M CPL policy for $9,450. This was a project policy and included Mold, TPL, and NODS.
  • Office buildings (12 locations) purchased a $1M/$2M EIL policy for $14,649. This is a 3-year policy that includes new and pre-existing conditions coverage, NODS, and TPL.
  • $18M Electrical contractor had a contract requiring Contractors Pollution coverage. They purchased a $1M/$2M CPL policy with completed operations for $8,400.
  • $12M HVAC Contractor purchased a $5M/$5M CPL/E&O policy for $25,614.
  • $500k Rail car loading/ unloading company purchased a $1M/$2M CPL policy for $2,345.
  • $4.1M Commercial roofer purchased a $1M/$1M CPL/E&O policy for $5,589.
  • $25M Concrete structure construction company purchased a $1M/$2M CPL policy for $9,725.
  • $1M Radon consultant purchased a $1M/$2M GL/CPL/E&O policy for $8,722.
  • $25M Metal fabrication/ metal erection contractor purchased a $2M/$2M CPL/E&O policy for $19,620. We were able to save the client money by combining the CPL/E&O on one form.  Previously, the insured only carried CPL.

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Product Spotlight: Contractors Professional

The Contractors Pollution Liability/Professional Policy is a combined Pollution and Professional coverage form. It provides coverage to general contractors, construction managers, and various trade contractors who could potentially have both pollution and professional claims; CPL/Professional provides coverage for E&O exposures for contractors.

Why is CPL/Professional important?

  • Contractors face professional liability issues from construction management services, job site modifications, and other daily activities.
  • E&O exposures for contractors are generally excluded from General Liability and monoline Contractors Pollution Liability policies.
  • Costs are reasonable and Beacon Hill provides excellent service during and after the binding process.

Read more >> 

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Environmental Insurance News Updates

Read the latest claims, lawsuits, and current events relating to environmental exposures. Great information to share with your insureds! Click for more >>

Considerations for Multi-Line Accounts

While many of our multi-line new business accounts are environmental contractors (mostly asbestos abatement/lead/mold), there are other risks that… Read more >>