It’s easy to identify when a contractor falls into the ‘environmental contractor’ category when he or she has a title like asbestos abatement contractor or mold remediation contractor, but what about contractors who do more general contracting work? Can we write General Liability coverage for them as well? Our underwriters have always recognized that that there is a risk to some of these more general contracting classes of business and have acknowledged that the accounts do have a Pollution exposure, but just couldn’t justify writing the GL and Pollution for them. In the past, most carriers have required at least 50% of receipts to be from environmental services in order to be considered an ‘environmental contractor.’
We are now finding that the requirements for this split have gone down significantly, and our markets are becoming more flexible in the types of accounts they will consider. Many carriers have seen the benefit of writing both the GL and Pollution for these risks and are therefore redefining these underwriting guidelines. Account types include:
- Bioremediation contractors
- Industrial cleaners
- Demolition contractors
- Crime scene cleanup/meth lab cleanup contractors
- Bio-solid applicators
- Service station contractors
- Pipeline contractors
- Fire & water restoration contractors
- Many others – please talk with a Beacon Hill representative to discuss a specific account.
Check out some of our recent GL/CPL environmental contractor success stories!
For more information, call us at 1-800-596-2156.
Tags: Contractors, Current Events, Environmental Insurance Advice, Pollution Insurance, Tools for Agents