December 2011 Newsletter - Important Information about Winter Weather and Insurance Coverage
Dear Friends of Beacon Hill,
As 2011 comes to a close, we’d like to take this opportunity to thank you for a successful year. We value our partnership with you and strive to continue our success into 2012. Happy Holidays to you and your family!
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Important Information about Winter Weather and Insurance Coverage
Some areas of the country are already facing serious winter weather—freezing temperatures, ice, snow, and cold winds. Many businesses see an increase in work during the winter months, especially those that specialize in any kind of machinery maintenance. For many companies, cold weather means a significant increase in projects involving heating systems, plumbing, snow removal, chimney maintenance, fuel delivery, tank cleaning, etc. It's crucial that these companies have coverage in place to protect themselves from pollution claims.
Some of the companies that see an increase of activity in winter months include:
- HVAC Contractors – Maintenance for heating units
- Plumbers – Fixing frozen pipes and busted water heaters
- Auto Repair and Vehicle Maintenance Facilities
- Heating and Oil Contractors
- Chimney Sweeps/Maintenance Contractors
- Snow Removal/Street & Road Contractors
Make sure your clients are prepared for the winter season; call them today to make sure they have the right coverage for their operations.
Learn About BHA’s South Central Branch
Meet Beacon Hill's Assistant Vice President & South Central Manager, Brett Amick, and hear about the types of accounts his branch is writing. See the video.
Need an Application?
We are here to help you identify the right insurance product for your client and make the application and binding process as efficient as possible. We offer a wide range of environmental insurance coverages suited for every type of risk. Contact us at 1-800-596-2156 for more information or help in finding the correct application. Visit our Applications webpage.
- Two related environmental remediation firms with a combined $1.775M in receipts.
Coverage purchased: General Liability/Contractors Pollution Liability/Professional/Excess
Policy limit: $1M/$2M Primary and $2M Excess
Premium = $30,974
**We were able to write separate policies for these related entities, offering services including soil remediation, tank operations, and asbestos/lead/PCB.
- Asbestos abatement contractor
Coverage purchased: General Liability and Contractors Pollution Liability, including Mold and Nods, and Workers Compensation
Policy limit: $3M/$10M
Total Premium = $22,760
** Wrote corresponding WC policy for $35,343
- $900k Fire/water restoration contractor and carpet cleaning contractor, located in FL
Coverage purchased: General Liability and Contractors Pollution Liability
Policy limit: $1M/$2M
Premium = $9,558
- $6M Trucking contractor that hauls petroleum impacted soil
Coverage purchased: General Liability/Contractors Pollution Liability/Auto/Excess
Limit: $1M/$2M Primary and $5M Excess
Total Premium = $123,618
- $1.45M Environmental contractor, majority of operations are emergency spill control
Coverage purchased: General Liability/Contractors Pollution Liability/Professional/Auto
Policy limit: $1M/$2M
Total premium = $38,834
- $840k Asbestos & Lead Abatement contractor
Coverage purchased: General Liability/Contractors Pollution Liability/Professional/WC
Policy limit: $1M/$2M Primary and $6M Excess
Total premium = $26,039
**For WC, $768,859 in payroll, premium = $38,315