News From Beacon Hill - October 2011

Dear Friends of Beacon Hill,

Thanks for taking the time to open and read the October BHA newsletter! We are constantly updating our newsletters and website with new product information and articles on current issues affecting the environmental insurance industry. If you haven’t already, visit our blog or receive updates from us on Facebook and Twitter.

If you would like to provide a comment for our testimonial webpage, feel free to send us an email.

To send questions, comments, or request a marketing kit, please contact us.

Important Information about Site Pollution Coverage

Virtually all premises have a pollution exposure, from an insured’s day to day operations, a neighbor’s negligence of its facility, or even natural disasters triggering an event. These pollution exposures are usually excluded from General Liability or Property coverage forms, so it is important for businesses to have appropriate coverage in place that protects them from potential claims.

PartnerOne Premises Pollution is a Site Specific Pollution policy which can provide coverage for both on-site and off-site clean-up, defense costs, and third party bodily injury and property damage claims. Available product enhancements include first and third party Transportation Pollution Liability, Natural Resources Damages, coverage for scheduled Storage Tank systems, Mold coverage, Extended Reporting Periods, and coverage for Non-Owned Waste Disposal Sites. Coverage through the PartnerOne Premises Pollution program starts at $3,000.

Visit our Premises Pollution webpage.
Download a product information sheet (PDF).

Help Us Update Our Records

We are working to update our database and want to make sure we have the most current contact information for you. This will be helpful when corresponding with you about account-specific items, as well as updating you on the latest market news and product announcements. Please take a moment to send us your information (Beacon Hill Associates, Inc. will not release any contact information you provide.)

Click HERE to enter your information online.

Follow Form Excess Policies

Beacon Hill Associates can obtain Excess policies to go over practice or project policies. This will allow your insureds to have higher limits of coverage, which will give them a greater capacity of insurance in the event of a claim.

Ask us about a Follow Form Excess policy for your environmental contractors and consultants.

Success Stories

• $800k Asbestos abatement/non-structural demolition
  Coverage purchased: General Liability/Contractors Pollution Liability and Excess
  Policy limit: $1M/$2M primary and $4M Excess
  Premium = $22,038 total
• $2.5M Asbestos and lead abatement contractor
  Coverage purchased: General Liability/Contractors Pollution Liability/Professional and Excess
  Policy limit: $1M/$2M primary and $5M Excess
  Premium = $36,199 total
• Wetland Mitigation Bank
  Coverage purchased: Wetland Mitigation Bank Insurance
  Policy limit: $100k
  Premium: $15,000
• $2M Biosolid/manure applicator for farming clients
  Coverage purchased: Contractors Pollution Liability
  Policy limit: $1M/$2M
  Premium = $6,352
• $2.8M Environmental contractor
  Coverage purchased: General Liability, Contractors Pollution Liability, Professional, and Excess
  Policy limit: $3M/$6M
  Premium = $40,525 total
• $100M General construction contractor
  Coverage purchased: Contractors Pollution Liability with Sudden & Accidental, Non-Owned Disposal Sites & Transportation Pollution
  Policy limit: $1M/$2M
  Premium = $17,000
• $1.16M Environmental consulting & compliance company
  Coverage purchased: Genera Liability, Contractors Pollution Liability, Professional, Excess
  Policy limit: $1M/$1M Primary, $2M Excess
  Premium = $15,000
• Continuing Care Retirement Community (10 locations)
  Coverage purchased: Site Pollution
  Policy limit: $2M/$4M
  Premium = $47,500
• Vacant Land for Investment Property
  Coverage purchased: Site Pollution Liability
  Policy limit: $1M/$1M
  Premium: $13,000