News From Beacon Hill – May 2016

Insured Spotlight: Asbestos Abatement Contractors

Asbestos abatement contractor activities have been regulated for approximately 30 years, but in spite of this, pollution events still happen at asbestos abatement jobsites. Although asbestos has been found in many different building components, if asbestos is detected at a jobsite that involves asbestos removal activities, the asbestos abatement contractor may be held responsible―even if he/she was working on another area of the building.

There are many different building components that could contain asbestos, including:

  • Heating/cooling equipment insulation and duct vibration dampers
  • Caulking and sealants
  • Carpeting, floor tiles, and adhesives
  • Cement and brick
  • Paints
  • Asbestos cloth awnings
  • Lamp sockets and switch parts

Because other building components may also contain asbestos, there could be instances where asbestos abatement contractors could be held responsible for exacerbating or creating additional contamination at jobsites that they have been brought in to remediate.

Solutions to the Environmental Exposures that May Stem from Asbestos Abatement Jobsites

There are two main types of insurance products that apply to work conducted by asbestos abatement contractors:

Contractors Pollution Liability (CPL) polices are designed to respond to claims against contractors for pollution events related to their abatement operations. They will respond to claims asserted against asbestos abatement contractors for third party Bodily Injury, Property Damage, and Clean up Costs. They may be endorsed to provide coverage for pollution events during transportation of asbestos waste or materials used during abatement activities as well as pollution events at disposal sites that may come back to the generators of materials sent to disposal sites.

Premises Pollution Liability (EIL) policies are designed to respond to claims against asbestos abatement contractors for pollution events related to their owned facilities where they may store equipment or hazardous materials, including asbestos waste. This type of policy will respond to claims asserted against contractors for third party Bodily Injury, Property Damage, and Clean up Costs. They may be endorsed to provide coverage for pollution events during transportation of hazardous asbestos containing materials as well as pollution events at disposal sites that may come back to the generators of materials sent to disposal sites.

Contact us for more information or to discuss a specific opportunity.

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Breaking News: Access to New ‘Fuel Solutions’ Program

We are pleased to announce that we now have access to an innovative new fuel solutions program! Beacon Hill’s underwriting division, PartnerOne Environmental, has just launched  PartnerOne Fuel Solutions, a program addressing the coverage needs of traditional storage tank risks, as well as alternative and renewable fuel storage, including electricity, biodiesel, hydrogen, ethanol, natural gas, propane, etc. Read more >>

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The GL Form and Pollution Exclusions

Greater public awareness about the effects of pollution on property and health, as well as the cost to mitigate those effects, has grown over the last several years. News coverage of environmental disasters is hard to avoid. Recent incidents include the Flint, Michigan water crisis, the Freedom Industries chemical spill in West Virginia, soil and water contamination in Portland, Oregon, and the California methane leak. Read more >>

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Recent Success Stories

  • Habitational property portfolio including in place lead/asbestos, and mold coverage purchased a $2M/$6M, 3-year EIL policy for $33,000.
  • $220k Mold remediation contractor purchased GL/CPL/E&O/Mold ($1M/$2M) for $2,500.
  • $15M Soil excavation and remediation contractor purchased GL/CPL/E&O ($1M/$2M), $10M Excess policy, and Workers Compensation for $105,012.
  • $5M Fire and water restoration contractor purchased a $3M/$3M CPL/E&O policy for $11,017. Coverage includes TPL, Mold, NODS, and defense outside the limits.
  • $12M Plumbing contractor purchased CPL With Occurrence Mold ($2M/$2M limits) for $10,007.
  • $2.2M Chemical blender purchased GL/E&O/Products Pollution/Auto and a $2M Excess policy for $35,286.