News From Beacon Hill - February 2009

Dear Friends of Beacon Hill,

The year is moving along quickly, and the Beacon Hill team has been busy handling renewal business as well as working with a large number of new accounts. In January, we received a 37% increase in the number of submissions over our January 2008 number. Please continue to contact us if you would like to discuss a specific account or new opportunity. We appreciate your business!

In other news, over the last few months we have welcomed three new people to Beacon Hill Associates! Beth Brooks and Andrew Chae have joined the group as Office Assistants, helping to keep our office and daily operations running smoothly. Amy Robbins is our new Associate Underwriter in the PartnerOne Environmental group, providing insurance expertise and support to the underwriting division. Please welcome Beth, Andrew, and Amy to the Beacon Hill family!

As always, thank you for taking the time to read our newsletter. If you have any questions or feedback, we would love to hear from you.

Get Your Quotes Faster!

At Beacon Hill Associates, we understand that many of your submissions require immediate attention and often need to be quoted/bound within a short period of time. We want to remind you that we are here to help you promptly provide the best environmental insurance options for your clients—the way to accomplish this is to submit a complete application and have all pre-binding information organized and ready to go. This will allow us to work more efficiently to process your submission and turn around your quote much faster! Here are some of the basic requirements for obtaining a quote. We may not be able to generate or request a quote without these items, depending on the class of business:

• A completed, signed application.

• Historical coverage information, if any.

• Statement of qualifications/resumes/copies of all training certificates, licenses, etc.

• Three years currently valued loss runs, or no loss letter on the insured's letterhead.

• Acord CGL and applicant info sections.

• Financial statements.

For more information, feel free to call us at 1-800-596-2156 or send us an email.

Products Pollution Liability

Most agents are aware of the pollution exposures for their contractor clients and many are becoming familiar with Premises Pollution policies for commercial and industrial facilities. However, Products Pollution for manufacturing risks still appears to be a bit of a mystery.

Products Pollution coverage provides liability coverage for Bodily Injury and Property Damage to third parties arising out of a manufactured product. Pollutant Clean Up may be provided separately or included within the definition of Property Damage. Coverage can be provided by either a stand-alone policy or by an endorsement to a CGL form and can be offered with either a Claims Made or Occurrence Trigger, depending upon the market and type of product being insured. READ the full article.

Site Pollution Coverage From BHA’s Underwriting Division
PartnerOne Premises Pollution

Download a product information sheet!

Virtually all premises have a pollution exposure, from an insured’s day-to-day operations, a neighbor’s negligence of its facility, or even natural disasters triggering an event. These pollution exposures may be excluded from General Liability or Property coverage forms, so it is important for businesses to have appropriate coverage in place that protects them from potential claims.

PartnerOne Premises Pollution is a Site Specific Pollution policy which can provide coverage for on and off-site clean up, defense costs, third party bodily injury, and property damage claims. Available product enhancements include first and third party Transportation Pollution Liability, Natural Resources Damages, coverage for scheduled Storage Tank systems, Mold coverage, Extended Reporting Periods, and coverage for Non-owned waste disposal sites. Coverage through the PartnerOne Premises Pollution program starts at $3,000. Get the complete article.

Download a PartnerOne Premises Pollution application.

Success Stories

• Excavation and dredging contractor with $200,000 revenues looking for combined General Liability/Contractors Pollution Liability coverage. Insured purchased a $1M/$1M policy limit with a $5,000 deductible for $6,061 via our PartnerOne program.

• Fire restoration contractor, purchased a package General Liability and Pollution policy with Action Over coverage for $5,000.Environmental contractor including mold remediation. Placed a $5M primary policy for $16,000, offering substantially improved coverage over expiring.

• $15M Excavation contractor seeking $2M contractor pollution limits. Insured purchased a Contractors Pollution Liability policy for $16,000.

• Third party Environmental Impairment Liability coverage placed for a wastewater treatment facility, including onsite cleanup for four aboveground storage tanks. Insured purchased a $1M/$2M limit for $6,156 via our PartnerOne program.

• Industrial cleaning contractor with $2M in receipts. Wrote General Liability/Contractors Pollution Liability combined primary and accompanying Auto policies for just under $32,000.

• Industrial cleaning product manufacturer bought General Liability/Products Pollution coverage with $1M/$1M limits for $7,500.

• Sewer/pipeline contractor seeking occurrence Contractors Pollution Liability with blanket Transportation Pollution Liability coverage for its pollution/transit exposure. Insured bought a policy for $11,195 with a $1M/$2M limit and $5,000 deductible based on over $2.5M in revenues.

• Hazmat clean up contractor bought Auto/General Liability/Pollution and $4M Follow Form Excess for $34,000.