News From Beacon Hill - May 2011

Dear Friends of Beacon Hill,

As the weather warms up, so do environmental exposures, including building projects, mold, pesticides, and many other seasonal issues. Beacon Hill is here to help with all of your environmental insurance needs. What is the biggest benefit of working with us? Our ability to access the top insurance markets and use our expertise to advise you on the correct lines your insureds may need. For information and applications, call us today. 1-800-596-2156 or send us an email.

Mold Coverage for Coastal Properties
By Jamie Lewis, Account Executive

With vacation and travel season quickly approaching, it is a critical time to evaluate the property insurance you currently write and check to see if mold coverage is appropriate for your insureds to be carrying. Mold is a growing concern among commercial and residential properties, especially along the coastal regions of the United States. At a time when hotels, resorts, condominiums, and restaurants will likely show a spike in business, they may also notice an increase in exposure for mold-related claims. Read the complete article.

Severe Weather Can Cause Environmental Claims. Is Your Client at Risk?

Severe weather continues to wreak havoc across the country. The southeastern region of the United States has just endured devastating losses from a historic tornado outbreak and cleanup will take months, if not years. Excessive rainfall has caused several waterways, including the Mississippi River, to reach flood stage and thus more homes and businesses will be…Read the complete article.

Let Us Help You Take the Guesswork out of Binding Those Tough Accounts.

With carrier appetites changing just as the economy is starting to improve, now is the time to be sure your clients have a stable, long-term solution for their insurance needs. Beacon Hill Associates has over twenty years of experience working with agents who need to find reliable, reputable homes for their accounts. For many risks including: contractors, consultants, hazmat haulers, chemical blenders, sites, etc., Beacon Hill is able to bring you CGL, CPL, Professional, EIL, Excess, Auto, and Workers Comp from the same source. Learn more about our products.

Success Stories

• $3M Abatement/demolition contractor
  Coverage purchased: Workers Compensation
  Policy limit: $1M/$1M/$1M
  Premium = $200,000
  
• Agricultural warehouse storing farm equipment
  Coverage purchased: Site Pollution/Contractors Pollution Liability
  Policy limit: $1/$1M
  Premium = $5,204
  
• $10M Fire/water damage restoration contractor
  Coverage purchased: General Liability/Pollution/Mold/Excess/WC
  Premium = $175,000
  
• Public entity
  Coverage purchased: Site Pollution
  Policy limit: $1M/$2M
  Premium = $7,478
  
• $300k Duct cleaning/mold abatement contractor
  Coverage purchased: General Liability/Pollution/Mold
  Premium = $25,000
  
• $240M Mechanical contractor
  Coverage purchased: Contractors Pollution Liability/Mold
  Policy limit: $3M
  Premium = $48,000
  
• Waste Water Treatment Plant
  Coverage purchased: Site Pollution/Contractors Pollution Liability
  Premium = $24,000