News From Beacon Hill - December 2009

Dear Friends of Beacon Hill,

As 2009 comes to a close, we’d like to take this opportunity to thank all of our agents for a successful year! Despite the volatile market, Beacon Hill has continued to grow our agent base and acquire new environmental and specialty accounts. We value our relationship with you and strive to continue our success into 2010. Happy Holidays to you and your families!

To send questions, comments, or request a marketing kit, feel free to contact us.

**Feature Product of the Month**

PartnerOne Workers Compensation
For Fire & Water Restoration and Asbestos Abatement Contractors
Beacon Hill now offers Workers Compensation for Fire & Water Restoration and Asbestos Abatement Contractors. Take advantage of this opportunity to contact to your clients and make sure they have the best insurance program possible.
 
Advantages of PartnerOne Workers Compensation:

• Move your Workers Comp accounts from assigned risk (or other state programs) into a program that will offer exceptional coverage at a very competitive rate.
• Increase your control over Workers Comp accounts and potentially bring in more revenue for your agency. 
• PartnerOne Workers Compensation is provided by a group of A+ Rated insurance carriers with an excellent track record of writing and servicing Workers Compensation policies. 
• Coverage starts at just $750.

PartnerOne Workers Compensation is available in the following states: AL, AR, CT, GA, IL, IN, KS, LA, MD, MO, MS, NC, OK, PA, SC, TN, and VA.

Contact us for more information.

Check Out Beacon Hill’s Blog!

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!

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.

Success Stories

• Asbestos and lead abatement contractor with $85K in estimated payroll purchased a $100K/$500K limit Workers Compensation policy for $8,285.
• $2M Asbestos abatement contractor. Wrote $1M limit Workers Compensation policy for $45,000.
• Waterproofing/caulking/commercial stucco contractor purchased a Pollution/Mold policy with clean up coverage for $7,500.
• Oil field fluid hauler with $4.5M in receipts purchased a $3M/$3M limit package policy including General Liability, Auto, Excess, and Site Pollution for $179,000.
• Industrial cleaner with $3M in projected receipts. The insured bought a policy that includes General Liability, Contractors Pollution Liability, Follow-Form Excess, and Auto for $81,671 total premium.
• Storage tank contractor with $500K in receipts bought a General Liability/Contractors Pollution Liability policy with a $1M/$2M limit and $5,000 deductible for $12,465.
• Geophysical contractor with $2M in revenues purchased an Excess policy with a $10M limit for $51,000.
• Pipeline inspection contractor with $250K in revenues seeking General Liability and Contractors Pollution Liability coverage. Purchased a policy with a $1M/$2M limit for $3,800.
• Established asbestos and lead abatement contractor looking for a new home for their package coverage. Insured purchased a combined General Liability/Contractors Pollution Liability/E&O policy, including Occurrence Mold coverage, for $12,238 based on $1M in revenues.
• Environmental contractor/consultant looking for combined General Liability/Contractors Pollution Liability/E&O coverage including Mold. Insured purchased a $2M/$2M limit for $7,372, based on $500K in revenues via our PartnerOne program.
• Oil field consultant with $500K in revenues purchased a package policy that included General Liability, Contractors Pollution Liability, ($1M/$2M limit) and Excess ($4M limit) for $15,000.
• Gas processing plant with $1.1M in revenues purchased a package policy that included General Liability, Site Pollution Liability, ($1M/$2M limit) and Excess ($5M limit) for $36,000.