Addressing Professional Liability Issues with Contractors

Download a CPL/Professional information sheet!

With cold weather around the corner, contractors will soon see a significant increase in projects involving heating systems, plumbing, fuel delivery, tank cleaning, etc. And with stimulus money being allocated to several state building and improvement projects, many contractors are beginning to line up other new contracts for the coming months.

In the course of their normal operations, contractors face all types of professional exposures. They may make slight adjustments on the provided plans to get the job done properly, they may supervise subcontractors, or provide other recommendations which could potentially be questioned in the event of a claim. Since these activities are usually excluded from General Liability and mono-line Contractors Pollution Liability policies, it is crucial that all contractors have the right coverage to fill these gaps.

Contractors Pollution Liability/Professional coverage provides coverage to general contractors, construction managers, and various trade contractors who may have both pollution and professional exposures. Several product enhancements are available and coverage starts as low as $5,000.

DOWNLOAD A CPL/PROFESSIONAL APPLICATION.

Check out some of the recent CPL/E&O accounts we’ve written!

• $39M General contractor with some in-house design build work purchased $2M/$2M limit policy for $22,000 including Mold on both coverage parts.
• Commercial general contractor also performing in-house design, with overall revenues of $3M. Insured purchased a CPL Plus policy (combining Contractors Pollution Liability and E&O), including Mold coverage for $15,642.
• $18M General contractor required to carry professional coverage for a governmental job. Purchased a Contractors Pollution Liability/Professional policy with a $2M/$4M limit for $29,000.
• Commercial contractor with $11M in revenues purchased a Contractors Pollution Liability/Professional policy with $1M/$1M limit for $11,000.
• Commercial roofing contractor with estimated sales of $13M looking for Contractors Pollution Liability, E&O, and Mold coverage. Insured purchased a $2M/$2M CPL Plus policy via our PartnerOne program for $27,195.
• General contractor/construction manager with $12M in receipts. The insured bought a Contractors Pollution Liability/Professional policy for $23,000 with a $5M/$5M limit.
• Mechanical/piping contractor with $10M in receipts looking for combined Pollution/Professional coverage including coverage for work performed by subcontractors. Insured bought a policy for $9,157 with a $1M/$1M limit and a Nose Endorsement to convert Claims Made CPL to Occurrence coverage.

For more information or to discuss a specific account, call us at 1-800-596-2156 or email us. We are accustomed to working with the time constraints often imposed on contractors when securing coverage.