Archive for December, 2009

Need a Better Workers Comp Solution for Your F&W Restoration and Asbestos Abatement Contractors?

Wednesday, December 16th, 2009

As a wholesale broker in this competitive insurance market, we understand that you are probably always on the lookout for innovative new products and coverages that will make your insureds’ lives easier. One of the most common questions we hear from our agents is “how can I bring my contractor clients quality coverage at prices they can afford?” Never fear! Beacon Hill is happy to announce that we now have a Workers Comp product specifically geared toward Fire & Water Restoration and Asbestos Abatement Contractors. Coverage is offered by carriers rated ‘A’ or better and starts at just $750.

Now is the time to examine your book to see if you can move any of your Workers Comp accounts from assigned risk (or other state programs) into a program that will offer exceptional coverage at a very competitive rate. In addition, by securing this line, you can increase your control over these accounts and potentially bring in more revenue for your agency. Take advantage of this opportunity to reach out to your clients and make sure they have the best insurance program possible.

We must receive the following information in order to process your submission:

  • ACORD 125 section
  • ACORD Workers Comp section
  • Current experience mod worksheet
  • Three years of loss runs
  • Description of the account and information on the company’s services.

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.

Call Beacon Hill Associates, Inc. today at 1-800-596-2156 for more information or to discuss a specific account. We look forward to working with you!

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Understanding Products Pollution Liability

Tuesday, December 1st, 2009

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.

Who Should Buy Products Pollution Coverage?

Basically the market is divided into two camps, one termed “soft products” and the other termed “hard products.” Soft products would encompass blending and manufacturing for industries such as chemical, detergent, petroleum, and fertilizer. Hard products would include manufacturers of drums and barrels, tanks and vessels, pipe, pollution control, and filtration devices. In addition to manufacturers, importers and distributors of either hard or soft products should also consider purchasing this coverage.

Some Examples of Products Pollution Coverage Written by Beacon Hill:

  • A firm that rents out large industrial pumps. They do not manufacture the pumps, but they do repair and refurbish the pumps. Products Pollution coverage was provided by endorsement to their GL policy.
  • A manufacturer of flexible hoses and couplings used in retail gas stations. 
  • An importer/distributor of water filters used to clean ponds and small lakes.
  • A custom blender of specialized lubricants for the petroleum industry.

Is Products Pollution Coverage Easy to Buy?

While not every environmental carrier is willing to offer Products Pollution coverage, there are a number of carriers who will write it. Obtaining a quote is relatively straight forward with a short questionnaire to be completed and supplemented by the applicable ACORD applications.

Is Products Pollution Coverage Expensive?

This is always the last question from an agent—the short answer is no. This type of coverage is relatively inexpensive, with many minimum premiums offered by some carriers dipping below $10,000. Premiums are rated on revenues and the type of products sold.

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