News From Beacon Hill - July 2009
Dear Friends of Beacon Hill,
Summer is in full swing at Beacon Hill-while many people are grilling out or lounging by the pool, we have been busy working to bring you valuable solutions to your clients' environmental insurance needs. With the addition of our new PartnerOne Workers Compensation product and our newly designed website, we continue to strive towards our goal of providing excellent service and great coverage options. Before we get into our insurance news, we'd like to share a fantastic recipe from our very own Shelly Kidwell. This dish is always a hit at our office potlucks and is perfect for a summertime party. Enjoy!
Crockpot Mac & Cheese
(1) 16 oz package of elbow macaroni
(2) Pounds shredded cheddar cheese
(1) Stick of butter
(3-5) Cups Milk or half & half (amount will vary depending on the size of your crock pot)
Salt and pepper to taste
Boil noodles for 10 minutes. Spray inside of Crock pot with cooking spray. Cut butter into pieces; layer noodles, butter and cheese. Top the mixture with a final layer of cheese and salt and pepper. Leave some space at the top of the noodle mixture to add the milk. Pour in milk until even with the top layer. Cook on high for 1-2 hours (check frequently), then reduce heat to low. Continue to cook until all liquid is absorbed and top is browning, approximately 6 hours.
Hazardous Coal Ash Sites: A Serious Environmental Risk
The EPA recently released a list of over 40 "high hazard potential" sites around the country that contain coal combustion residuals, commonly referred to as coal ash. This substance is a product of burning coal and is often stored in containment ponds or dams near electrical utilities. As coal ash leaches into the soil and spills into areas surrounding these facilities, there can be serious ramifications on human health and the environment. These storage ponds hold fly ash, bottom ash, coal slag, and flue gas residues that contain toxic metals such as mercury, arsenic, selenium, cadmium, and lead-all potentially toxic to people and wildlife. Read the complete article.
Need Help Determining Where Your Account Fits?
Over the years, we have learned that different situations call for different insurance solutions. That's why we created the PartnerOne Environmental suite of products, which enables us to deliver high quality insurance products in a fast and efficient manner for a certain segment of our client base. But not every account fits the PartnerOne Environmental program-some are better suited for our brokerage division, where we can obtain quotes from several top carriers in the industry. In order to maintain our high service standards, we consider the best solution for each account on a case-by-case basis.
How can we work with you to decide the right fit for your client? Visit us online to answer a few questions and get started.
Work With Us to Access a Wide Range of E&S Carriers
At Beacon Hill Associates, we work with the top E&S carriers in the environmental insurance marketplace. These companies not only offer flexibility that can help you customize coverage to fit the specific needs of an account, they also have the tools to significantly enhance your insured's environmental coverage. By working with us, you will have experienced access to these high quality markets, several of whom are only available to wholesale specialty brokers.
Let us help you evaluate your clients' environmental exposures and the products available to them. Contact us today for information. 1-800-596-2156.
Success Stories
- Soil Stabilization/Industrial Waste Contractor with $12M+ in revenues. Placed Primary package including Contractors Pollution Liability/ Professional, Auto, and Follow Form Excess for just over $200,000.
- Industrial Cleaning Contractor with $900,000 in revenues seeking General Liability/Contractors Pollution Liability coverage. Insured purchased a $5M/$5M combined policy with a $10,000 deductible for $17,762 via our PartnerOne program.
- Construction Debris Landfill purchased a General Liability, 3rd party Site pollution with follow form Excess policy for multiple locations for $40,000.
- New Fire/water Restoration Franchisee looking for $2M General Liability/Contractors Pollution Liability policy with Mold as well as a $2M Follow Form Excess. Insured bound the primary for $7,550 and the Excess for $6,565 and coverage meets all insurance carrier requirements.
- Large excavation contractor required to carry Contractors Pollution Liability coverage with 3-year completed operations coverage. Purchased coverage with $2M limits for $8,000.
- A regional banking institution acquired an inert construction/debris landfill via foreclosure and requested a Site Pollution policy for new pollution conditions. Insured bought a $1M/$1M limit for $7,500 with a $10,000 deductible via our PartnerOne program.
- Nationally Franchised Fire/Water Restoration Contractor with $750,000 in receipts. Placed Contractors Pollution Liability/Mold coverage, including franchise mandated endorsements, for $4,500.
- Environmental consultant doing peer review on system design and application for groundwater monitoring projects. Approximately $75,000 in fee income. Utilizing the in-house PartnerOne program, we wrote a primary package including General Liability/Pollution and E&O for $2,525.
- Mid Atlantic tank/gas station build out contractors. Needed General Liability/Pollution/Professional for associated tank testing. They purchased a policy with $3M/$3M limits for $15,000.
- Bulk Oil Facility looking for Site Pollution coverage including coverage for two large storage tanks. Insured purchased a $1M limit policy for $8,500.