News From Beacon Hill - April 2012

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 at 1-800-596-2156 or send us an email.

Renewal Account Profile: Handling Company Growth
By Jamie Lewis, Account Executive

As the economy seems to be heading in a positive direction, one particular contractor experienced abnormal revenue growth of 80% over last year. The increase in work brings a higher potential for losses, increasing vehicle and equipment inventory, and the company’s desire to grow their operations in the sector that has proven to be most profitable to them. As Beacon Hill looked at their upcoming renewal at least 30-45 days before expiration, we certainly noticed…Read the complete article.

Site Pollution for On-Campus Educational Facilities
Click here for a product information sheet

What is Site Pollution for On-Campus Education Facilities?
Site Pollution for On-Campus Education Facilities is designed to cover claims arising from pollution releases at, on, or emanating from a specific scheduled location on an education campus. This is purchased by college campuses, boarding schools, training centers, and other on-campus education facilities.

How does it work?

• Coverage is designed to address issues faced by education facilities with dorm rooms, labs, classrooms, and other meeting spaces.
• The policy focuses on potential indoor air quality problems, including mold and legionella pneumophila.
• Coverage can be modified to cover only new conditions occurring from policy inception onward, unknown pre-existing conditions, or both.
• The policy covers clean-up costs for bacteria or viruses required by the health department or Center for Disease Control.
• Coverage includes waste disposal activities, as well as emergency response costs.
• Coverage can be constructed to apply to only on site bodily injury, property damage, and clean up; only off site; or both.
• Coverage is very flexible and is almost always Claims Made.

Click here for a product information sheet
Email us for more information.

Don’t Miss Our Latest Blog Updates!

The official Beacon Hill Associates blog provides the latest news on the environmental insurance industry, hot topics involving environmental exposures, and other newsworthy items. Our Account Executives will share their insights and tips on how to successfully include environmental coverage in your clients’ insurance programs.

Click HERE to see our blog—don’t forget to bookmark it for frequent updates!

Recent Success Stories

• $4.5M Demolition contractor & environmental remediation
  Coverage purchased: General Liability, Contractors Pollution Liability, Professional (with Mold and Transportation Pollution Liability), and Workers Compensation
  Policy limit: $1M/$2M Primary; $1M WC
  Premium = $105,000
• $1.7M Septic tank contractor and equipment rental service
  Coverage purchased: Contractors Pollution Liability with Transportation Pollution Liability
  Policy limit: $1M/$1M
  Premium = $3,954
• $750k Wastewater & sewer system design and construction management
  Coverage purchased: Contractors Pollution Liability and Professional
  Policy limit: $1M/$2M
  Premium = $10,679
• Commercial site development/33-acre shopping center
  Coverage purchased: Stand-alone Excess over Site Pollution Liability
  Policy limit: $5M/$5M
  Premium = $70,000 (9-year term)
• $15M Plumbing and HVAC contractor
  Coverage purchased: Contractors Pollution Liability with Mold
  Policy limit: $1M/$1M
  Premium = $10,000
• $5M HazMat transporter
  Coverage purchased: General Liability, Contractors Pollution Liability, Third Party Site Pollution, Auto, and Excess
  Policy limit: $1M/$2M Primary; $5M Auto; $4M Excess
  Premium = $206,000 total
• $420k Waste oil recycler
  Coverage purchased: General Liability, Contractors Pollution Liability, and Professional
  Policy limit: $1M/$2M
  Premium = $4,315
• $4.5M Waste broker
  Coverage purchased: General Liability, Contractors Pollution Liability, Professional, Third Party Site Pollution Liability with Mold, and Transportation Pollution Liability
  Policy limit: $2M/$2M
  Premium = $38,000
• $2.5M Environmental contractor & hauler
  Coverage purchased: General Liability, Contractors Pollution Liability (with Mold and Transportation Pollution Liability), and Workers Compensation
  Policy limit: $1M/$2M Primary; $1M WC
  Premium = $32,000