News From Beacon Hill - May 2012

Dear Friends of Beacon Hill,

We’re well into this year’s second quarter, and are continuing our successful upward trend of writing new business and retaining our renewals. What’s behind this momentum, you may ask? Lots of hard work and the great agents we work with!

Please remember to visit us online, where you can access industry information and our newsletter archives. Please continue to let us know what you want to hear about and we will do our best to deliver. We thank you all for your support and look forward to more success this year.

Environmental Coverages for Contractors

With so many different types of contractors needing insurance, knowing the right environmental product to recommend can be difficult. Accessing it can be even more challenging. A contractor may be at risk for an environmental claim because of an event happening on the premises, a problem occurring from the insured’s operations, or professional liability issues from construction management services or jobsite modifications. Read more.

BHA is American Agent & Broker’s Environmental Insurance Sponsor

American Agent & Broker is featuring Beacon Hill Associates as its environmental insurance sponsor for the next few months. Visit their Featured Lines webpage to read BHA case studies, an interview with our very own Bill Pritchard, and more!

New Website Feature: Upload Large Submission Documents

Compiling and sending submission documents can sometimes prove to be time consuming and difficult. Make things easier on yourself by using our new File Upload feature in the ‘Resources’ section of our website. Simply upload your PDFs, Word documents, Excel documents, and graphic files (jpeg, gif, png) to our website and indicate which Beacon Hill representative should receive the files. We will get them immediately and can process your submission documents faster. Visit our File Upload page now.

Success Stories

• $4M Laboratory
  Coverage purchased: General Liability, Contractors Pollution Liability, Professional, Auto, and Excess (coverage includes third party Site coverage for the lab facility as well as broad CPL and Professional coverage)
  Policy limit: $1M/$2M/$2M Primary and $2M Excess
  Premium = $32,140
• $3.8M Transformer installation and maintenance contractor
  Coverage purchased: Contractors Pollution Liability (including Transportation Pollution Liability and NODS)
  Policy Limit: $2M/$2M
  Premium = $6,754
• $10M Asbestos abatement & demo contractor
  Coverage purchased: General Liability and Contractors Pollution Liability, Auto, Workers Comp, and Excess (including Employee Benefits Liability coverage, Stop-Gap EL coverage, and Blanket NOC endorsement)
  Policy limit: $2M/$2M; $9M Excess
  Total premium = $206,686
• $1M Start-up asbestos abatement contractor
  Coverage purchased: General Liability and Contractors Pollution Liability
  Policy Limit: $1M/$2M
  Premium = $8,134
• $78M General Contractor
  Coverage purchased: Contractors Pollution Liability and Third Party Premises Pollution Liability (including Non-Owned Disposal Site Liability, Transportation Pollution Liability)
  Policy limit: $1M/$1M
  Premium = $48,682 (2-year policy)
• Quarrying, products and sales of crushed stone/manufacturer of tennis court surfaces and accessories
  Coverage purchased: Site Pollution Liability and Products Pollution Liability
  Policy limit: $3M/$3M
  Premium = $28,902 (3 separate sites)
• $1.51M Asbestos abatement contractor
  Coverage purchased: General Liability, Contractors Pollution Liability, and Professional
  Policy limit: $2M/$2M
  Premium = $13,703
• $3M NY Abatement contractor
  Coverage purchased: General Liability, Contractors Pollution Liability, and Excess
  Premium = $49,000
• Industrial property
  Coverage purchased: Premises Pollution with full historic coverage (Insured was purchasing the stock of a business, and was concerned about historic activities at the site. Carrier was able to craft coverage very carefully to address all of the concerns of this insured.)
  Policy limit: $2M/$2M
  Premium = $37,911
• $960k Medical waste hauler
  Coverage purchased: General Liability, Contractors Pollution Liability, Professional, Site Pollution Liability, and Auto
  Policy limit: $1M/$2M Primary, $ 1M Auto
  Premium = $31,478