News From Beacon Hill - August 2011

Dear Friends of Beacon Hill,

The summer is coming to a close and we are busy with the usual business flow, as well as wrapping up our Summertime New Business Contest. This ends on August 15th (EOB) and we are in the process of tallying the results. The winners will be announced on Wednesday, August 24th, so stay tuned!

We are also bringing all of our Beacon Hill offices together for a “company retreat” this week at our corporate office in Charlottesville, VA. So, if you need to reach us during this time, please excuse any delay – we will return your calls and emails as soon as possible!

For product information and applications, call us today at 1-800-596-2156 or email us.

Site Pollution Coverage 101

Want to learn more about Site Pollution Liability and which of your clients needs this important coverage? Are you asking yourself: How does Site Pollution insurance work? Who buys it? What are some of the optional coverage enhancements?

Visit our Site Pollution webpage for complete information, an application, and product information sheet. For more information or to discuss potential opportunities, email us.

The State of the Environmental Insurance Market

National Underwriter recently interviewed our very own Bill Pritchard, President of Beacon Hill Associates, asking him to weigh in on changes in the market, pricing trends, and emerging risks.

Read the article HERE.

Need to Access Workers Compensation for a Unique Environmental Client?

Beacon Hill is now offering Workers Compensation for small to mid-size environmental contractors and consultants. PartnerOne Workers Compensation is offered by ‘A’ rated carriers; risks include, but are not limited to:

• Environmental Consultants/Engineers
• Environmental Testing Labs
• Remediation Contractors
• Fire & Water Restoration Contractors
• Asbestos Abatement
• Lead Abatement
• Emergency Response Contractors
• Industrial Cleaning
• Mold Abatement
• Air Monitoring
• Wastewater Treatment
• Startup businesses will be considered, as long as they have appropriate experience.

PartnerOne Workers Compensation is available in the following states: AL, AR, CT, GA, IL, IN, KS, LA, MD, MO, MS, NC, NE, NM, NV, OK, PA, SC, TN, and VA. It can only be purchased if the insured is also securing other lines of coverage. Minimum premiums start as low as $2,500. Learn more.

Success Stories

• $9.3M Lead abatement contractor and new bridge painter (renewal account)
  Coverage purchased: General Liability and Contractors Pollution Liability
  Policy limit: $5M/$5M
  Premium = $89,065
  
• $1.7M Environmental consultant
  Coverage purchased: Contractors Pollution Liability and Professional
  Policy limit: $2M/$2M
  Premium = $ 11,141
  
• $219k Emergency response contractor
  Coverage purchased: Workers Compensation
  Policy limit: $500k/$500k/$500k
  Premium = $19,159
  
• $2.3M Asbestos and lead abatement contractor
  Coverage purchased: General Liability, Contractors Pollution Liability, Professional, and Excess (enhancements included Mold, Transportation Pollution Liability, Blanket Additional Insured, and Waiver of Subrogation).
  Policy limit: $1M/$2M/$4M Excess
  Premium = $ 23,453
  
• Large Commercial Contractor
  Coverage purchased: Occurrence Contractors Pollution Liability
  Policy limits: $10M
  Premium = $24,000
  
• $28M Electrical contracting firm (renewal account)
  Coverage purchased: Contractors Pollution Liability with Mold and Transportation Pollution Liability
  Policy limit: $2M/$2M
  Premium = $12,120
  
• $16M General Contractor (renewal account)
  Coverage purchased: Contractors Pollution Liability and Professional Liability
  Policy limit: $1M/$2M
  Premium = $16,467
  
• $13M Gas station contractor
  Coverage purchased: Contractors Pollution Liability and Excess
  Policy limit: $1M/$2M/$1M Excess
  Premium = $57,500
  
• Waste consultant/metal recycler
  Coverage purchased: General Liability and Contractors Pollution Liability
  Premium = $12,000